Don’t sell your structured insurance settlements unless you pass our quiz and have this checklist handy for reference!
Before you sell structured insurance settlements test your knowledge and see if you mastered structured settlement 101 by taking the following brief quiz about selling your structured settlement for cash now:
Click on the answers and test your knowledge:
If your structured settlement payments are tax free and you sell for a lump sum, do you have to pay taxes on that lump sum?
a
Yes, I will have to pay taxes if I sell.
b
No, I will not have to pay taxes if I sell.
Do you have to sell all of your remaining structured insurance settlements payments or can you sell just some of them?
a
Yes, I have to sell all payments.
b
No, I can sell just some payments.
If you sold some payments in the past can you sell more payments now?
a
No, you can only sell payments once.
b
Yes, I can sell more payments.
How many quotes should you get before you decide who to sell your payments to?
a
1
b
2
c
3
The structured settlement discount rates are the only important factor when deciding who to sell payments to, right?
a
Right
b
Wrong
Is it true that if a judge approves your sale then you know it was a good deal and you made the right choice?
a
Yes, the judge knows best.
b
No, the judge is just one voice.
Which structured insurance settlements payments should I sell, the payments nearer or those further into the future?
a
The nearer payments
b
the further payments
c
it depends on many factors
