There are a number of companies that buy structured settlements and what annuitants should know is that many of these companies are simply acting as brokers. While they want to buy structured settlements their offer typically doesn’t reflect the real value of the structured settlement payments because they want to buy low and then sell that settlement to a financial institution for a profit.
When annuitants sell structured settlement payments to these companies they are doing nothing less than leaving money on the table. This is why it is so important to find the right company that not only offers to buy structured settlements but also pay what those structured settlements are really worth.
As a division of BofI Federal Bank, a federally chartered, publically traded and FDIC insured bank, AnFed Bank the only bank specifically designed to serve the unique needs of structured settlement annuitants and lottery winners. Simply put, AnFed Bank is the financial institution which means there is no broker needed when selling structured settlements.
Because AnFed Bank is the financial institution and there are no brokers involved an annuitant will find that the lump sum payment offered is far more favorable. No annuitant wants to sell their structured settlement payments for less than what they can get and at AnFed Bank these annuitants can be assured that they are getting fair value.
