Know About Structured Settlements
A structured settlement annuity is a contract issued by an insurance company to fund the payment of damages for personal injury over a period. It is referred to as an insurance settlement. It guarantees you or, in the event of your death, your beneficiaries a tax free payment or a series of payments over a fixed period of time. Most structured settlements are the result of a lawsuit- they are payments resulting from a court action. However, when you are in need of urgent cash you can sell these structured settlements for money. It is now legal to do so. Genex Capital offers you cash for structured settlements. It offers the highest payment and completes the sale process in the shortest time permitted by law, which is 6-8 weeks. The sale proceeds are Tax Free because the Federal Tax Laws preserve the tax-free status of your structured settlement in the event of sale.