Does the Structured Settlement Buyer Have To Purchase the Whole Settlement?
Absolutely not. In fact, the most common scenario involves a seller who needs a specific amount of money for a particular purpose. If that amount is small enough, the company desiring to buy the annuity may offer to purchase a portion of the stream of income payments, a partial buyout as opposed to the whole thing. Most reputable companies that buy structured settlements will work with the seller to determine the best way to obtain the lump sum amount while maintaining a degree of flexibility. Typically companies will take the information provided by the seller and apply that to a structured settlement calculator to arrive at a quote for the seller to evaluate and review.
