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Congratulations, you have successfully submitted your payment particulars and Our Certified Funding Partners have started the bid Process. You will be contacted by Telephone within hours to be given your highest quote. Please stay by the phone.
Complete the form below and get your Competitive Price Quotes within 2 hours! Its Easy as 1-2-3
 
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    1 - Enter General Information:
    I have a:
    Structured Settlement Lottery Payments Other Annuity Worker's Compensation
    Name of Insurance Company That Pays Me
    2 - Describe each Payment Stream you want to Sell (one payment stream at a time):
    Would you like to enter another payment stream?
    YES
    NO
    Guaranteed
    Life Contingent
    Cost of Living Increase
    Your Payment Streams
    # Frequency Next Payment Amount Last Payment Guaranteed COLA Increase On Date Delete
    3 - Tell us about your highest offer so far, if any, then Click on "Finished":
    Have you received offers from other companies?
CASH IN TODAY. Highest Price Payout, Fast in Five Easy Steps
  1. Complete the form above* by following the easy step-by-step instructions.
  2. Sit back and relax while SSQ shops your payments to its Certified Funders and Calls you with the Highest Bid same business day.
  3. Accept the Highest Offer.
  4. Review sale documents with an SSQ arranged Notary Public representative and get signed up.
  5. Get funded by wire transfer following completion of the transfer process, usually within 6 to 8 weeks from acceptance.
 
* We never provide your contact information to the Funding Companies unless you accept an offer and instruct us to do so. By working with us you avoid the unwanted phone calls and pressure tactics inflicted upon you by some of the funding companies.

Happy Clients Stories

  • Susan W. -- Sacramento, California
    Susan W. -- Sacramento, California
    Before I came to Settlement Quotes, I had received several quotes from other companies to buy my structured settlement payments. I was astonished by the offer that Settlement Quotes provided and couldn't refuse. They completed the transaction within 6 weeks as promised. I couldn't have been happier.
    Submit your Quote Request Today and get SSQ working for You!
  • Gina V. -- Chicago, Illinios
    Gina V. -- Chicago, Illinios
    Thank you so much for your help. The money is now in my account. Thanks for your help during a very scary time. I am now at a parish as an interim rector/priest part time, and this money will help pay back many folks who helped out during my time of unemployment -- as you also helped out during this time. Thanks again!
    Submit your Quote Request Today and get SSQ working for You!
  • Keisha and Rick S. -- Jacksonville,Florida
    Keisha and Rick S. -- Jacksonville,Florida
    I am absolutely thrilled with the job your company did for me. I was informed almost on a daily basis where my transaction was and when I would receive my money. I enjoyed working with James and the rest of your staff. Thanks again.
    Submit your Quote Request Today and get SSQ working for You!
  • Ashley C. -- Thatcher, Arizona
    The process went smoothly, Structured Settlement Quotes had a very good offer compared to everyone else we asked. We were able to pay off debts and use the remaining money to start a savings fund for our daughter.
    Submit your Quote Request Today and get SSQ working for You!
  • Jon N. -- Sicklerville, New Jersey
    I have sold my structured settlement payments several times before. Overall, I had the best experience with companies that Structured Settlement Quotes found for me. If I had any more payments, I would go back to them. And yes, I have told many other people about them. They are just great!
    Submit your Quote Request Today and get SSQ working for You!

In the state of Michigan the law provides that the Customer lives in the state, and must be approved by local court in state. Approval granted only if the transaction is in the customers best interest or hardship to customer. There also exists a 3 day waiting period to protect the customer.

691.1191. Short title

Sec. 1. This act shall be known and may be cited as the "structured settlement protection act".

691.1192. Definitions

Sec. 2. As used in this act:

(a) "Annuity issuer" means an insurer that has issued an annuity contract used to fund periodic payments under a structured settlement.

(b) "Applicable law" means 1 or more of the following:

(i) The federal laws of the United States.

(ii) The laws of this state, including principles of equity applied in the courts of this state.

(iii) The laws of any other jurisdiction to which 1 or more of the following apply:

(A) The jurisdiction is the domicile of the payee.

(B) A settled claim was pending in a court in the jurisdiction when a structured settlement was reached.

(c) "Contractual assignment restriction" means a term prohibiting or restricting transfer of a structured settlement payments right in a contract or agreement including, but not limited to, an annuity contract, a structured settlement agreement, a qualified assignment agreement, or a court order or administrative order approving a structured settlement.

(d) "Dependent" includes a payee's spouse, minor child, or other person for whom the payee is legally obligated to provide alimony or other support.

(e) "Discounted present value" means, with respect to a proposed transfer of structured settlement payment rights, the fair value of future payments, as determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity issued by the United States internal revenue service.

(f) "Independent professional advice" means advice of an attorney, certified public accountant, or other professional who meets all of the following concerning a transfer of a structured settlement payment right:

(i) He or she is qualified to advise payees and their dependents on the legal, tax, and financial implications of the structured settlement payment right.

(ii) He or she is not affiliated in any manner with the transferee of the structured settlement payment right.

(iii) His or her compensation for rendering the advice does not depend, directly or indirectly, on whether the transfer of the structured settlement payment right occurs.

(g) "Payee" means an individual who is receiving tax-free damages payments under a structured settlement and proposes to make a transfer of his or her payment rights under the structured settlement.

(h) "Protected party" means, with respect to a structured settlement, the payee, a dependent of the payee, a beneficiary designated to receive payments following the payee's death, an annuity issuer, a structured settlement obligor, and any other party entitled to invoke the benefit of a contractual assignment restriction applicable to the structured settlement, whether as a party to or third party beneficiary of the annuity contract, the structured settlement agreement, the qualified assignment agreement, or the court order, administrative order, or other document in which the contractual assignment restriction appears.

(i) "Qualified assignment agreement" means an agreement providing for a qualified assignment within the meaning of section 130 of the internal revenue code of 1986 .

(j) "Settled claim" means the original tort claim resolved by a structured settlement.

(k) "Structured settlement" means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim. Structured settlement does not include an arrangement for periodic payments in settlement of a worker's compensation claim.

(l) "Structured settlement agreement" means the agreement, judgment, stipulation, or release establishing the right of the payee to receive periodic payments and other terms of a structured settlement.

(m) "Structured settlement obligor" means, with respect to any structured settlement, the party that has the continuing periodic payment obligation to the payee under a structured settlement agreement or a qualified assignment agreement.

(n) "Structured settlement payment right" means a right to receive periodic payments including, but not limited to, lump sum payments under a structured settlement from the settlement obligor or the annuity issuer, where 1 or more of the following apply:

(i) The payee or a protected party is a resident of this state.

(ii) The settled claim was pending before a court of this state when the structured settlement was reached.

(o) "Transfer" means a sale, transfer, assignment, pledge, hypothecation, or other form of disposition, alienation, or encumbrance made for consideration.

(p) "Transfer agreement" means an agreement providing for transfer of a structured settlement payment right from a payee.

691.1193 Structured settlement payment subject to contractual assignment restriction; transfer of right; conditions; responsibilities of transferee before court hearing.

Sec. 3. (1) If a structured settlement payment right is subject to a contractual assignment restriction, a transfer of the structured settlement payment right is not effective and a structured settlement obligor or annuity issuer is not required to make payment directly or indirectly to a transferee of the structured settlement payment right transfer unless all of the following conditions are satisfied:

(a) Subject to section 4, a court of competent jurisdiction approves the transfer in advance in a final order. To approve the transfer, the court must expressly find all of the following:

(i) The transfer complies with the requirements of this act and will not contravene other applicable law.

(ii) Not less than 10 days before the date on which the payee entered into the transfer agreement, the transferee has provided to the payee and each dependent of the payee a disclosure statement in boldfaced type not smaller than 14-point that contains all of the following:

(A) The amounts and due dates of the structured settlement payments to be transferred.

(B) The aggregate amount of the structured settlement payments to be transferred.

(C) The discounted present value of the structured settlement payments to be transferred and the discount rate or rates used in determining the discounted present value.

(D) The gross amount payable to the payee in exchange for the structured settlement payments to be transferred.

(E) An itemized listing of all brokers' commissions, service charges, application or processing fees, closing costs, filing or administrative charges, legal fees, notary fees and other commissions, fees, costs, expenses, and charges payable by the payee or deductible from the gross amount payable to the payee in exchange for the structured settlement payments to be transferred.

(F) The net amount payable to the payee after deduction of all commissions, fees, costs, expenses, and charges described in sub-subparagraph (E).

(G) The quotient, expressed as a percentage, obtained by dividing the net payment amount described in sub-subparagraph (F) by the discounted present value of the payments described in sub-subparagraph (C).

(H) The amount of any penalty and the aggregate amount of any liquidated damages and penalties payable by the payee in the event of any breach of the transfer agreement by the payee.

(iii) The payee has established that the transfer is necessary to enable the payee or the payee's dependents, or both, to avoid imminent financial hardship and the transfer is not expected to subject the payee or the payee's dependents, or both, to undue financial hardship in the future.

(iv) The payee has received independent professional advice regarding the financial and legal effects and consequences of the transfer.

(v) The transferee has given written notice of the transferee's name, address, and taxpayer identification number to the annuity issuer and the structured settlement obligor and has filed a copy of the notice with the court.

(vi) The discount rate or rates used in determining the discounted present value of the structured settlement payments to be transferred do not exceed 25% per year.

(b) Each protected party has given all of the following in writing:

(i) The protected party's irrevocable consent to the transfer.

(ii) The protected party's waiver of all rights under each contractual transfer restriction applicable to it.

(iii) The protected party's waiver of all rights with respect to the transferred payments.

(iv) The protected party's release of all claims against other protected parties with respect to the transferred structured settlement payments.

(2) The transferee of the structured settlement payment is responsible for all of the following before the hearing on an application for court approval under subsection (1)(a):

(a) Obtaining all consents, waivers, and releases required under subsection (1)(b).

(b) Filing signed originals of all consents, waivers, and releases required under subsection (1)(b) with the court from which approval of the transfer is sought under subsection (1)(a).

(c) Providing signed originals of all consents, waivers, and releases required under subsection (1)(b) to the annuity issuer and the structured settlement obligor.

(d) Providing copies of all consents, waivers, and releases required under subsection (1)(b) to any protected party that requests copies.

691.1194. Transfer of structured settlement payment right, application; court approval, subject matter jurisdiction

Sec. 4. The circuit court has subject matter jurisdiction for an application for court approval under section 3(1)(a) of a transfer of a structured settlement payment right. Not less than 21 days before the scheduled hearing on an application for court approval of a transfer of a structured settlement payment right under section 3(1)(a), the transferee must file with the circuit court and serve on all protected parties all of the following:

(a) Notice of the proposed transfer and application for court approval.

(b) A copy of the transferee's application to the circuit court.

(c) A copy of the transfer agreement.

(d) A copy of the disclosure statement required under section 3(1)(a).

(e) Notification that any interested party is entitled to support, oppose, or otherwise respond to the transferee's application, either in person or by counsel, by submitting written comments to the court or by participating in the hearing, or both.

(f) Notice of the time and place of the hearing.

(g) Notification of the manner in which and the time by which written responses to the application must be filed, which shall be not less than 10 days after service of the transferee's notice, in order to be considered by the court.

691.1195. Requirements of act, waiver and limitations

Sec. 5. (1) A protected party may not waive the requirements of this act.

(2) A protected party may only waive a contractual assignment restriction in writing.

691.1196. Construction of act

Sec. 6. This act shall not be construed to authorize any transfer of a structured settlement payment right in contravention of applicable law or to give effect to any transfer of a structured settlement payment right that is void under applicable law.

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