How Long Does It Take to Sell Your Structured Settlement?

HOW LONG IT TAKES TO SELL YOUR STRUCTURED SETTLEMENT THE PROCESS OF SELLING A SETTLEMENT While the process of selling a structured settlement varies depending on the county, a lump sum payment can range between 30-90 days, sometimes even less. The process to sell a structured settlement or annuity is pretty simple. 30-90 DAYS The average approval time for filings in 2013 has been 30 business days, not including company response time to objection letters. The Florida Commission Office must approve or disapprove a filing within of submission. or the Management except when the Commission formally Committee finds 60 30 that current DAYS DAYS objects to some workload prevents aspect of the filing or extends the review the Commission from completing the period by up to review within the prescribed timeframe. By comparison, under Florida law, insurers must file life and health forms at least 30 days 30 prior to use or delivery in this state. Forms are deemed approved unless within 30 days from the date filed, the Office has affirmatively DAYS approved or disapproved the filing. The Office may extend the review period by up to 15 DAYS by notifying the insurer prior to the expiration of the initial 30-day period. In the event the Office approves the filing in fewer than 30 DAYS the remainder of the 30 day waiting period is waived. If the Commission finds that the submission meets the uniform standard and filing requirements, the Commission must approve the filing. A product filing will be deemed to meet the requirements of a uniform standard "if (it) determines that the Product Filing contains provisions that in all respects are at least as favorable to the insured or annuitant as the requirements of the Uniform Standard." This happens in the 30-45 DAY waiting period. No matter how long it takes, selling your annuity is ultimately a good idea. In fact, 92% OF PEOPLE who sell their annuities (both lottery and structured settlement) are satisfied with their decision. SOURCES: isettlements.com/time-to-sell-my-structured-settlement insurancecompact.org/documents/index_fl_iprc_and_cp_under_fl_law.pdf structuredassetservices.com/92-of-people-are-satisfied-with-this-decision yου by: SAFCapital www.saf-capital.com CA 7 N TAKE STRUCTURED