What Happens Next

You’ve decided to structure your settlement. What’s next? NFP Structured Settlements will guide you through the entire process. Although every settlement and circumstance is unique, our process typically proceeds in this manner:

Analyzing Economic Damages

NFP Structured Settlements gets involved even before the amount of the settlement money you will receive is finalized. During negotiations, we help calculate your economic damages and the long-term cost of your needs based on factors such as your medical care and basic living expenses for you and your family. We will also help determine whether a trust is appropriate, especially to protect your public benefits, such as Medicaid and/or Medicare.

Designing Your Structure

NFP Structured Settlements works with you and/or your lawyer, accountant or other advisors to understand the payments necessary for your current and future needs. Together, we work to design a structure suitable to your financial objectives.

Working to Secure the Best Rates

After your future cash flow needs are determined, NFP Structured Settlements provides you structured settlement quotes from highly-rated insurance companies offering the most competitive rates. Together, we may choose one or several companies to fund your future payments according to the schedule you and NFP Structured Settlements design.

Checking the Legal Details*

NFP Structured Settlements will review all documentation for compliance with Internal Revenue Service requirements. After compliance and document accuracy are confirmed, the package is submitted to all parties prior to finalizing your contract.

Buying the Annuities

In order for the structure to remain taxfree, the defendant(s) must pay the annuity provider(s) directly to purchase the contract(s) that will fund your future payments.

Submitting Final Documents

Once documents are finalized and executed, NFP Structured Settlements submits the package to the insurance company(ies) to finalize your structured settlement. A policy or contract is issued and all final documents, policies, and contracts are distributed to the various parties. These may include the defendant; the annuity provider(s) and insurance companies; your attorney, accountant, and/or tax advisor; and other appropriate parties.

Receiving Your Payments

Once the contracts are signed and the process is completed, on set date(s) the payments from the insurance company or companies will begin. Meanwhile, your structure also begins earning tax-free interest immediately.

Enjoying Ongoing Support

NFP Structured Settlements is here for you long after the payments begin. We welcome any future questions and handle your every call with prompt, personal service.

*NFP and its subsidiaries do not provide tax or legal advice. Please consult with your tax or legal advisor regarding your personal situation.