FAQ | Structured Settlements

What is a structured settlement?

When you receive a monetary award as a result of a personal injury or medical malpractice lawsuit, you will generally receive what’s called a structured settlement — a series of payments that you receive over time instead of a one-time lump sum payment. Those payments are intended to provide a reliable, predictable income stream for the recipient and his or her family. But when the need arises for cash, whether for medical bills, education expenses, car repair or other big ticket items, it’s good to have the option of selling your future structured settlement payments for cash.

Why would someone want to sell a structured settlement for cash?

When you receive a monetary award as a result of a personal injury or medical malpractice lawsuit, you will generally receive what’s called a structured settlement — a series of payments that you receive over time instead of a one-time lump sum payment. Those payments are intended to provide a reliable, predictable income stream for the recipient and his or her family. But when the need arises for cash, whether for medical bills, education expenses, car repair or other big ticket items, it’s good to have the option of selling your future structured settlement payments for cash.

How do I sell my structured settlement?

The process of selling your structured settlement for a lump sum of cash is pretty simple: We’ll ask you for some information about your payments and your insurance company. Once we verify that information, we can give you a free no-obligation quote — and we’ll stand by the amount we promise, unlike some of our competitors!

A judge will need to approve the sale of your structured settlement payments, and then you will receive your lump sum of cash. With plenty of experience in this industry, Dolphin Asset Group helps make the process go as smoothly and quickly as possible.

Can I sell only part of a structured settlement?

Yes! You don’t have to sell all your future structured settlement payments when you need cash. You are legally able to sell some specific payments now, and you can sell the others later if you need another lump sum of cash, or simply continue to receive them.

How much money can I get for selling my structured settlement payments?

The answer to that question will vary depending on several factors, but Dolphin Asset Group keeps your needs in mind and makes the best possible offer — and we stick to it. Give Dolphin Asset Group a call at (888) 218-0276 to begin the process of getting cash for your structured settlement.

How long will it take to get my cash when I sell structured settlement payments?

Dolphin Asset Group understands full well that our clients come to us out of a need for immediate cash. That’s why we strive to make the process go as quickly as possible. Although there are legal restrictions on how quickly structured settlement payments can be sold — and all companies that purchase structured settlements have to follow those same laws — you can generally expect your lump sum payment within 6-8 weeks of us receiving all your paperwork.

Don’t be taken in by companies that tell you they can get your cash to you for a structured settlement the same week! Dolphin Asset Group makes a fair offer and stands by it.

Do I have to pay taxes on cash I receive from selling a structured settlement?

Dolphin Asset Group is not legally allowed to provide tax advice for our clients. The Internal Revenue Code section 5891(d) states that if you sell some or all of the income-tax-free payments you are receiving from a structured settlement, the money you receive from the sale of those payments should likewise be tax free. However, we encourage you to seek the advice of a qualified tax advisor about this issue before selling some or all of your structured settlement payments.

What if the judge doesn’t allow me to sell my structured settlement?

That’s an extremely unusual occurrence. A judge might deny the sale if he or she feels it is not in your best interest, or that you’re not getting the best deal.  Fortunately, Dolphin Asset Group has never had a structured settlement transfer denied by a judge. We offer each client a fair rate for their structured settlement, and we’re familiar with each state’s particular laws governing the sale of structured settlement payments. We also know how to spot potential problems right from the start so we can address them before we go forward.

What if I inherited the structured settlement -- can I still sell it?

If you inherited a structured settlement from a relative, it is now legally yours — and you have the exact same rights as if the structured settlement had been yours from the very first payment. That means that you can either continue receiving regular payments, or sell some or all of the future payments.

Why sell your structured settlement to Dolphin?

Whether you are the original owner of the structured settlement or inherited it, and whether you want to sell some or all of the payments, Dolphin Asset Group, LLC gives you the best price possible. We also guide you through the process and help the process go as smoothly as possible so get your cash as quickly as you legally can!

Sometimes, a lump sum of cash at the right time can be a real lifesaver. Let Dolphin Asset Group buy your structured settlement in return for the cash you need to help you stay afloat — or get ahead! Fill out the form on this page or call us at (888) 218-0276 to tell us about your needs and see how Dolphin Asset Group can help.

FAQ | Annuities

What is an annuity?

An annuity is a type of investment that you buy through an insurance company. The buyer, or annuitant, pays into the annuity and in turn receives regular payments from it as a predictable income stream.

Annuities are often used as retirement income, and they’re a very common and smart investment strategy. But if an unexpected need arises, and you find yourself needing a lump sum of cash instead of periodic payments, it’s good to know that Dolphin Asset Group can buy your annuity and provide you with the lifesaving cash you need.

Why might I want to sell my annuity payments?

Your circumstances may have changed since you purchased your annuity. Maybe you have expenses now that you didn’t expect — such as medical bills, home repairs or the need for a new vehicle. Or maybe you have an investment opportunity too good to pass up, or you need money so you can go back to college. Selling your annuity can help when you need cash for any of those reasons.

However, you should be cautious about selling your annuity — after all, it’s part of your retirement strategy and you might need it later in life. But if you have no other way of raising the money you need, contact Dolphin Asset Group for a risk-free quote and talk to us about selling your annuity.

Can I sell only some of my annuity payments?

It’s comforting to know that selling annuity payments is not an all-or-nothing proposition. You can indeed sell either all of your annuity, or only some of the payments, depending on the amount of cash you need right now to help you stay afloat.

Dolphin Asset Group understands that your annuity is intended to help you later in life, and we will give you the best possible offer. Call Dolphin Asset Group at (888) 218-0276 or fill out our contact form to start the process of selling your annuity payments.

How much money can I get for selling my annuity payments

The answer to that question varies depending on the amount of annuity payments you wish to sell. However, Dolphin Asset Group is committed to giving our clients the best deal possible on the sale of their annuities because we realize that a lump sum of cash can sometimes be a real lifesaver in troubled times.

How long does it take to get money from selling my annuity?

The time it takes may vary, but our clients generally receive their lump sum cash payment for their annuities in about 6 weeks, provided we receive all the correct paperwork from the start. And if you have a unique situation that takes a little longer to resolve, we will still do our utmost to get your money to you as soon as possible.

You bought your annuity to help ensure that you have reliable income for a lifetime, but when the need arises, it’s possible to sell some or all of your future annuity payments. Give Dolphin Asset Group a call at (888) 218-0276 to begin the process of selling your annuity for the cash you need to stay afloat now.

FAQ | Casino Winnings

How much will I get for my payment stream?

It depends on the amount, frequency and the timing of your payments. Please contact us for a quote.

How long will it take?

Generally, it takes between 35-60 days and a court order is required.

Why is a court order required?

The transfer of casino payments is generally controlled by a gaming technology company (“Company”). The Company almost always requires a court order.

Are all of my payments transferrable?

In general, yes.

What do I need to provide to show that I won the casino prize?

The casino usually provides you with a Statement of Winnings when you have won a prize. We would need this document which states the amounts, timing and frequency of the prize payments.

FAQ | Lottery Prize Payments

How much will I get for my payment stream?

It depends on the amount, frequency and the timing of your payments. Please contact us for a quote.

How long will it take?

It depends on the state where you won the lottery, but generally it takes between 35-60 days and a court order is required. The state lottery where you won the prize must be involved in the court order transfer process.

Why is a court order required?

The transfer of lottery payments is governed by statute in the specific state where you won the prize. The state lottery transfer statute almost always requires a court order.

Are all of my payments transferrable?

It depends on the state where you won the prize, and the state’s specific requirements in its lottery transfer statute.

What do I need to provide to show that I won the lottery?

The winners certificate from your state or a benefits letter from the state where you won showing the amounts and the frequency of the payments.

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