Peachtree Financial Solutions

Q. What is a structured settlement?

A. A structured settlement annuity is a term that generally refers to a deferred payment obligation resulting from the settlement of a personal injury lawsuit. Typically, the defendant’s insurance company guarantees the future payments by purchasing an annuity that will specifically name the claimant as the payee. Ownership of the annuity remains with the defendant’s insurance company or is assigned to an affiliated insurance company. The structured settlement annuity payments are tax free to the claimant since they are being made due to the claimant’s personal injuries.

Q. How long will it take to receive my lump sum?

A. Although the process varies depending on the state, a typical lump sum payment will take less than 90 days. In addition, you may qualify for an immediate cash advance to help you through a particularly tough time. Restrictions apply, call for details.

Q. What is the process for selling my structured settlement payments?

A. Most states now have passed a version of the model Structured Settlement Protection Act that allows you to sell your structured settlement payments pursuant to a fairly simple court proceeding. Peachtree will initiate this court proceeding and take care of processing most of the documentation.

Q. Will I be required to show up in court?

A. This will vary by state and local jurisdiction. Your Peachtree Account Executive will assist you with your questions given your specific circumstances.

Q. What documents will I need?

A. Although specifics will vary; generally, a copy of the annuity contract, settlement agreement and identification are all that is required.

Q. How do I get started?

A. Call Peachtree Settlement Funding at 1-800-821-7773.