FAQs

Feel free to call us and talk to a live representative, or read the answers to the most common questions below.

What are Structured Settlements?

Many times when individuals are in involved in accidents or wrongful death settlements with insurance companies they elect to receive a series of payments over a longer period of time instead of an immediate lump sum. These payments normally total more than the amount one would have received at settlement. In order to make this election, the Plaintiff must sign a Settlement and Release Agreement that allows the Defendant to purchase an annuity policy to provide for the payments to the Annuitant. The Annuitant does not own the annuity and does not have the right to sell the annuity. He does have the right to receive the payments and can sell them to a third party.

Why would anyone want to sell his or her structured annuity payments?

If someone needs money from their settlement payments, it is usually because they have a financial emergency. Maybe they lost their job or gotten a divorce, need to save a home from foreclosure, encountered medical emergencies or any number of valid reasons. Liquidating a portion of their settlement payments is sometimes the only solution to critical problems.

How much will I receive?

The amount we can pay for the annuity is dictated by three factors:

1) the amount and timing of the payments we are to receive
2) the probability that the issuer will make the payment on time and in the full amount
3) the current economic conditions such as interest rates

All other factors being equal, we can pay more for payments that will be received sooner than those that will be received several years from now.

How Quickly Can I Get My Money?

After you've signed the contract, it takes about 60 to 90 days to receive your money keeping in mind that every cash conversion is different.

What if I want to sell only a portion of my payments?

You can! More often than not, Oasis purchases only a portion of the seller's payments to meet their specific financial need. Oasis can structure a plan to buy a portion of each payment, buy payments for a short period of time, or offer a lump sum payment. Each transaction in tailored to your needs. This will allow you to retain part of your cash flow.

What will it cost me?

Not a thing! Oasis is unique in the fact that OASIS COVERS YOUR COSTS. We want to make it as easy as possible for you to sit back and collect your money.

Will I owe taxes on this money?

On June 10, 1999, the IRS issued a Private Letter Ruling 119273-97, which confirmed that an individual's sale of structured settlement payments would not create a taxable transaction. In addition, HR 2884 confirms this ruling. We do encourage you to contact your accountant just as a safeguard.

How Much Are My Payments Worth?

We can provide you with a Free Quote based on your payment schedule from the insurance company.

How Large Of A Lump Sum Payment Can I Get From Oasis?

Whatever you need! At Oasis, we have extensive financial resources available. Contact us at 1-877-521-4411 to find out how much cash you can get immediately for your future payments.

Can this be done on worker's compensation settlements?

Unfortunately, only personal injury settlements that qualify under IRC 104(a)(2) can be transferred under the federal and state transfer acts

Who is Oasis and what do they do?

Oasis Legal Finance, LLC, is headquartered in Northbrook, Illinois, a northern suburb of Chicago. As the most active firm in the legal financing industry, we fund the most kinds of cases with the largest number of financial products. There is absolutely no cost, risk, or obligation to apply to find out how much money you could qualify for. Oasis can help you get back on your feet. Our founders and staff of professionals, from top legal firms and Wall Street financial institutions, have deep experience in law, finance, credit and business.

What about courts that have held anti-assignment language as enforceable?

Even in states where the courts have upheld anti-assignment language, judges often rule that a transfer of payments is in the best interest of the annuitant notwithstanding such previous rulings.

Will I Be Protected?

Yes. As of now, 46 states have passed legislation that discusses the sale of injury settlement payments. These state laws work with existing federal laws which spell out clear rules for the sale of periodic payments for a lump sum of cash. Court orders are issued ensuring the best interest of the client.