Financial Resource CenterSee Details

FairField's 100% GuaranteeSee Details

BBB Accredited Business - A+ Rating

Financial Resource CenterSee Details

FairField's 100% GuaranteeSee Details

BBB Accredited Business - A+ Rating

Non Guaranteed Payments

The process for selling non guaranteed payments has a few more steps than the process for selling guaranteed structured settlement or annuity payments. When a client with life contingent payments decides to proceed with the selling of their annuity or structured settlement payments, they will be given a quote based on their acknowledgment that the cost of purchasing life insurance will be deducted from the gross total. It is agreed upon that the disclosure and contract will both be drafted and signed with the gross amount listed. Then it will be clearly stated in the contract that insurance will be paid out of that agreed purchase price. Ultimately, this makes the agreed upon total the gross purchasing price minus the cost of a life insurance policy based on the clients health and current condition.
Once the client signs the contract, a life insurance quote is then requested from an insurance agency. After receipt of an insurance quote, the client will be notified of the cost of the life insurance policy. If the client agrees on the price, an insurance agent will be in contact with the client to complete an insurance application, conduct necessary tests and fill out any other necessary documents. When all these are completed, an insurance policy will be issued to the client. Completing all of this will then allow us to send the file to local counsel so they are then able to request a hearing date and begin the legal process for getting the client their lump sum in exchange for the purchasing of the aforementioned life contingent payments.

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