“The periodic payment structure of most annuities, work well for many annuity owners, but once in a while these policy holders need to cash them in to pay for unexpected expenses such as, medical bills, a business opportunity, or an education,” said Andrew Cravenho, CEO of Settlement Quotes.
“We found that individuals who were in the process of selling the rights to their structured settlement or annuity payments were not shopping around for the best deal,” said Cravenho. “These individuals would call one company, get one quote, and sign contracts the following day. The difference in price between a competitive deal and a non-competitive deal can sometimes mean double the payout for the annuitant. This is the reason we started our annuity buyer marketplace.”
Settlement Quotes continues to only do business with funding companies and private investors who have perfect Better Business Bureau records. This has helped Settlement Quotes create superior competition between funding sources in their network.
“Education is important for consumers in today’s market, we have focused on providing our clients and future clients with resources to help them better understand the factoring industry through our structured settlement factoring education portal and factoring blog,” said Cravenho.
Settlement Quotes LLC is a structured settlement and annuity factoring brokerage company that connects funding sources to owners of deferred periodic payments. Since 2006, Settlement Quotes has helped tort victims factor structured settlements and annuity payments at industry low discount rates.
