How A Structured Settlement Broker Can Help You

Okay so you have decided you want to sell your structured 
settlement but what do you do now? Do you go to a structured 
settlement broker or straight to a buyer? 

If you’ve done your homework you will have discovered that 
dealing with a structured settlement broker is in your best 
interest. 

A structured settlement broker is very much like a real 
estate agent or mortgage broker. They represent your 
interests and present offers to underwriters whose job it is 
to approve the sale on behalf of the buyer. For their 
service, a structured settlement broker charges the buyer of 
your settlement annuity a commission on the completion of 
the sale. 

A good structured settlement broker will present your offer 
to several different underwriters in an effort to gain the 
best lump sum amount possible. It’s the broker’s job to 
bring underwriters new customers. In some cases, brokers 
work exclusively with particular underwriters in exchange 
for larger commissions. 

Since it’s in your best interest to have your offer 
submitted to as many different underwriters as possible 
you’re wise to ask any potential broker upfront how many 
underwriters they’re planning to show your offer to. If you 
aren’t pleased with the answer then look at employing a 
structured settlement broker elsewhere. 

When deciding on which structured settlement broker is right 
for you, you need to rely a lot on gut instinct. 
Unfortunately since the industry is so new there is no 
current certification in place for brokers. 

Despite the fact that the industry is self-regulating there 
are organizations that do offer membership validation. 
Ultimately due diligence research is always in your best 
interest when selecting a structured settlement broker 
and/or brokerage firm. 

You also want to make sure the any broker costs are 
reasonable and that you’ll be able to get your sale before a 
court within a reasonable time frame. If you’re dealing with 
a firm that has some experience with structured settlement 
annuities the whole process should run just as smoothly as 
it does quickly. Quality efficient service can be expected 
from an experienced structured settlement broker who knows 
how to make the system work best for his or her client. 

The bottom line is that even though a structured settlement 
broker appears to represent your best interests they’re also 
in it for the money. Sure, most brokers do want you to get 
the best deal possible but please know that even if they 
don’t get you a great price, they will be well compensated 
for their services by the buyer of your structured 
settlement. 

Further note that a structured settlement broker who comes 
from a brokerage firm that employs a large number of brokers 
will have less of a need to receive the maximum commission 
on each and every deal its company makes. 

Expect and demand professional treatment. Ask questions and 
make sure you have all the answers you need and are 
comfortable with the entire settlement selling process 
before signing anything. 

You’re the one in the driver’s seat as far as selling your 
structured settlement payments go. A broker will only get a 
commission from the buyer when he makes a deal that you’re 
happy with. If you’re not comfortable with your structured 
settlement broker don’t hesitate to find another one.


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