We are often asked, what information will American Contract Buyers require to provide an offer to buy settlement or annuity payments? 

When you are ready to contact American Contract Buyers for a free quote, please have the following documents and information available. 

1. The annuitants name & state of residence.

2. A copy of your policy or benefits letter. 

3. A copy of the settlement release agreement.

4. Exact dates and amount of each payment.

Once provided with this information we will provide you with an offer, and a document checklist of items we will require to proceed with the purchase of you future payments.

My policy says my payments are non-assignable, can I still sell my future payments for cash now?

Yes, in most cases. The federal government, as well as many states have passed legislation that governs the sale of structured settlement payments to third parties or companies that want to purchase these payments. To ensure that the sale of the payments is in the best interest of the annuitant, purchasers of these payments must first obtain a "qualified order". A "qualified order" is obtained once it has been determined by the court that the transfer is in the best interest of the annuitant and that the purchase has been completed in accordance with both state and federal guidelines. Following are states that allow the court ordered transfer of annuity and structured settlement payments.

Alaska, 2003    Arizona, 2002    California, 1999    Connecticut, 1998    Delaware, 2000    Florida, 2001    Georgia, 1999    Idaho, 2001    Indiana, 2001    Iowa, 2001    Kentucky, 1998    Louisiana, 2001    Maine, 1999    Maryland, 2000    Massachusetts, 2001   Michigan, 2001    Minnesota, 1999    Mississippi, 2002    Missouri, 1999    Nebraska, 2001  Nevada, 2003    New Jersey, 2001    New York, 2002    Ohio, 2000    Oklahoma, 2001    Pennsylvania, 2000    Rhode Island, 2001    South Carolina, 2002    South Dakota, 2001    Tennessee, 2000    Texas, 2001    Utah, 2002    Virginia, 1999    Washington, 2000    West Virginia, 1999

Don't see your state? Not to worry,  if you reside in a state that does not allow for the court ordered transfer of annuity payments. The qualified order may, in many cases, be obtained in the state that the insurance company making the payments is located.