Want to Save Time and Get Paid Faster?
Order your documents ahead of time.
When you are seriously considering the sale of your structured settlement payment(s), the best thing you can do is to contact your insurance company and request a copy of the following documents (in most cases, its free and they will send them to you normally within 2 weeks): Your Release and Settlement Agreement, an Updated Letter of Benefits, Confirmation of your Beneficiary, Qualified Assignment and a copy of your Annuity Policy.
By ordering and having these on hand, you will save yourself up to 2 weeks of time and get a court date sooner than someone who doesn’t have this documentation. Security is also a major concern and many times, the insurance company will not release these items to us without signed and notarized letters from the customer. While this is an effective method of protecting the customer, it also adds 2 weeks, on average, to your processing time. The longest delays occur when the processing team is awaiting document copies from an insurance company.
When a customer sends in copies of these documents ahead of time, along with their disclosure and contract package, they are saying to the court, “I am serious about my transaction and I want my money now.” You can put yourself in the fast lane by having your documents in order.
Related posts:
- What?! Another company told me I could have it in 4 weeks guaranteed & they are offering me an advance too!
- Part 3 - Disclosure and Transfer Documentation
- Part 1 is The Opening Conversation
Submitted to Customer Tips
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