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How Can I Find Out What I Have Left To Sell?

For various reasons, structured settlement annuity recipients often are not aware of the exact payments they are scheduled to receive and therefore able to sell. Sometimes annuitants have sold a portion of their payments and cannot recall what was remaining after the sale. Other times, annuitants settled their case when they were small and cannot remember what they received in the settlement that occurred several years ago. Other times clients have payments that can go 30 – 40 years out and they cannot remember the exact amount of payments they are scheduled to receive 30 years down the road.
Whatever the reason may be, there are several ways an annuitant can find out exactly what payments they still have coming to them. The exact way to go about accomplishing this will depend on your insurance company. Most insurance companies will be able to do a verbal confirmation of payments remaining. In this case, the annuitant would just need to call the insurance company and provide identifying information in order for the company to access the file. At that point, the annuitant can simply ask the customer service representative what payments they still have remaining. Adversely, some insurance companies will refuse to confirm payments over the phone and instead require that the annuitant submit a written request for a confirmation of benefits remaining. In this case, the annuitant should go online or call the insurance company to find out if they have a special form to do this. Once the form or letter is complete, it should be submitted to the insurance company for processing. After the request is processed, the annuitant should receive a letter from their insurance company stating the remaining benefits.
Once an annuitant is clear on what their remaining payments are, they are able to call various structured settlement purchasing companies and receive a quote for those payments.

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