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Structured settlements are agreements to make payments over time in exchange for a release of liability. They are important for their role in successfully resolving thousands of our nation's personal injury claims. At the time of settlement, the tax benefits to the defendant (referred to as the annuitant after the annuity is purchased), the insurance companies and the claimant make structured settlements mutually beneficial to everyone. Usually they continue to serve the interests of everyone throughout the term of the structure. Circumstances change, however, and the original intent of the structured settlement may no longer serve the interests of the individual and that's where APeX Financial steps in. If the individual receiving the payment is struck with a financial emergency such as medical expenses, education costs, home or automobile purchases, new business opportunities, and so forth; APeX Financial will help liquidate a portion or all of their payment stream to meet the specific financial need. The seller asks how can we purchase his payment stream when he's been told it can't be done. What does APeX Financial do?
Since the seller does not own the annuity he cannot assign it. However,
the seller has the right to receive the payments, which is considered
personal property and can be assigned. All of the non-assignment language
in the settlement agreement and the annuity policy is generally unenforceable
according to the Uniform Commercial Code. An assignment of the right to
receive payments is perfectly legal and binding. That assignment is what
is sold. If you need cash now for your settlment, give us a call or email us! We
look forward to working with you. ----------------------------------------------------------------------------------------- services
: news & release Contents Copyright © 2003 APeX Marketing, Inc. All Rights Reserved.
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