Why sell my structured settlement?

Most of our customers sell their structured settlement payments to meet financial goals that will benefit or improve their lives. Whether it is raising money to purchase a home, start a business or pay off debt, SenecaOne will listen to your needs and help you determine a plan that’s right for you.


I am only interested in selling some of my payments. Is that OK?

Absolutely. You can sell some or all of your payments. You are in charge of the transaction from start to finish! The choice is always yours. We will work with you to guide you through the process and make sure that you understand the options as well as how they impact you.


How long will it take to receive a lump sum payment?

Typically, it takes 45-90 days to go through the process from start to finish. But we recognize that receiving your money fast is important to you, so we can provide you with cash upfront while you wait for court approval. We strive to complete every transaction in the shortest amount of time possible.


Do I need to talk to a lawyer before selling my payments?

Some states require that you talk to an attorney before you proceed with a transaction, but many do not. In any transaction that affects your structured settlement annuity, we recommend that you obtain independent legal advice regarding your decision to sell payments.


What documents do I need?

We will need a copy of your settlement agreement, annuity policy/contract, and a copy of your driver’s license (or other form of personal identification) to start your transaction. If you have lost or misplaced your documents, you can usually contact the annuity company that is making your payments and ask them to provide you with… Read More


How much is my structured settlement worth?

The value of your Structured Settlement payments depends on many factors including how far in the future the payments you want to sell come due. Call SenecaOne today for a free consultation with an Annuity Specialist to customize a plan that works for you.


Can I use the money from my lump sum payment however I choose?

There are no restrictions to how you use your money. However, a judge must find that accessing your money now is in your best interest. You can use the money to pay for college, pay off debt, buy a new home or car, pay medical expenses, emergencies, etc.


Is the structured settlement transfer a loan?

No. Transferring all or a portion of your structured settlement to SenecaOne is not a loan. However, we offer customers many options including cash advances and loans, too. Please contact one of our Annuity Specialists at 1.800.513.1394 for more information on selling a portion of your structured settlement payments, receiving a settlement cash advance or… Read More


Do I have to sell my entire settlement to get cash today?

In short, the answer is no. If you are trying to receive cash more quickly than your settlement can provide, selling your entire settlement is not a requirement. If this is what you’ve been told by a company looking to purchase your structured settlement, then it is time to look for another partner. Annuities come… Read More


I’ve Signed My Transfer Contract, What Happens Next?

So you have decided to sell some portion of your structured settlement. An Annuity Specialist has helped you decide which portion of your settlement you need to sell to meet your final goals, and you have signed your assignment agreement with SenecaOne. So what happens next? Contract Underwriting As part of the due diligence process,… Read More


Selling a Life Contingent Annuity – What you Need to Know

If you have decided to sell your Life Contingent Annuity, here are some things that you will need to know. If you are wondering whether you can sell your Life Contingent annuity, the answer is yes. However, the process of selling those payments is a little different than a “regular” structured settlement. Higher Risk As… Read More


What is the “Best Interest” Review?

The “Best Interest” review is a series of factors a judge uses when deciding whether to approve a structured settlement transfer. Written into Structured Settlement Protection Act (SSPA) legislation, its purpose is to make sure that an annuitant fully understands the transfer process and that the proposed use of the proceeds is in their “best interest.” The… Read More