GSRTC Conductor Document Verification List Declared 2018.Selling an annuity is a business deal. Companies that buy structured settlements (called factoring companies) intend to profit from their purchases. This means you’ll be offered less than the total worth of your annuity for a cash buyout. The discounted purchase amount is the price you are paying for the ability to tap into your money immediately.
The difference between what your annuity is worth and what you’ll receive in cash is a called a discount rate. Both the buyer and the seller have a role in negotiating this percentage. The average discount rate is 12%.
Selling the rights to future annuity payments is a legal process. Annuity and structured settlement buyers must comply with state and federal laws — also known as Structured Settlement Protection Acts (SSPAs) — that safeguard your rights while providing rules covering the transfer of structured settlement payment rights to a third party.
GSRTC Conductor Document Verification List Declared 2018.