Are you looking for the best structured settlement companies to help you manage your settlement funds? With so many options available, it can be overwhelming to choose the right one. That’s why we’ve compiled a list of the top 10 best structured settlement companies in 2023, based on expert reviews and ratings.
What is a Structured Settlement?
A structured settlement is a financial agreement between a plaintiff and a defendant, where the defendant agrees to pay a series of periodic payments to the plaintiff, rather than a lump sum. This type of settlement is often used in personal injury cases, wrongful death cases, and workers’ compensation claims.
The Importance of Choosing the Right Structured Settlement Company
According to a study by the National Structured Settlements Trade Association (NSSTA), the structured settlement industry has grown significantly in recent years, with over $6 billion in annual premiums. However, with this growth comes an increased risk of scams and unscrupulous companies taking advantage of vulnerable individuals. That’s why it’s crucial to do your research and choose a reputable company to handle your structured settlement.
Benefits of Structured Settlements:
Structured settlements offer several benefits, including:
- Tax-free income: Structured settlements are tax-free, which means you won’t have to pay taxes on your settlement funds.
- Financial security: Structured settlements provide a steady stream of income, which can help you plan for your financial future. In fact, having a stable financial foundation is crucial for economic security, as highlighted by the National Council on Aging (NCOA).
- Flexibility: Structured settlements can be customized to meet your specific needs and goals.
What to Look for in a Structured Settlement Company
Before we dive into the top 10 list, it’s essential to know what to look for in a structured settlement company. Here are some key factors to consider:
- Experience: Look for companies with a proven track record of handling structured settlements.
- Reputation: Check online reviews, ratings, and testimonials from previous clients.
- Licensing: Ensure the company is licensed and registered with the necessary authorities.
- Fees: Compare fees and rates offered by different companies.
- Customer Service: Evaluate the company’s customer service and support.
Top 10 Structured Settlement Companies in 2023
Here are the top 10 structured settlement companies in 2023, based on our expert reviews and ratings:
- J.G. Wentworth: With over 25 years of experience, J.G. Wentworth is one of the most well-established structured settlement companies in the industry. They offer a range of payout options, including lump sums and annuities.
- Rating: 4.8/5
- Experience: 25+ years
- Fees: Competitive rates
- Customer Service: Excellent
- Website: https://www.jgwentworth.com/
- Peachtree Financial Solutions: Peachtree Financial has been in business for over 20 years and has a reputation for providing excellent customer service. They offer a variety of payout options, including cash advances and lump sums.
- Rating: 4.7/5
- Experience: 20+ years
- Fees: Low rates
- Customer Service: Good
- Website: https://peachtreefinancial.com/
- Oasis Financial: Oasis Financial has been in business for over 15 years and has a strong reputation for providing fair and competitive offers. They offer a range of payout options, including cash advances and lump sums.
- Rating: 4.6/5
- Experience: 15+ years
- Fees: Competitive rates
- Customer Service: Excellent
- Website: https://www.oasisfinancial.com/
- Seneca One: Seneca One is a relatively new company, but they’ve quickly established themselves as a leader in the industry. They offer a range of payout options, including cash advances and lump sums.
- Rating: 4.5/5
- Experience: 10+ years
- Fees: Low rates
- Customer Service: Good
- Website: https://senecaonebuffalo.com/
- DRB Capital: DRB Capital has been in business for over 10 years and has a reputation for providing excellent customer service. They offer a range of payout options, including lump sums and annuities.
- Rating: 4.4/5
- Experience: 10+ years
- Fees: Competitive rates
- Customer Service: Excellent
- Website: https://www.drbcapital.com/
- Fairfield Funding: Fairfield Funding has been in business for over 10 years and has a strong reputation for providing fair and competitive offers. They offer a range of payout options, including cash advances and lump sums.
- Rating: 4.3/5
- Experience: 10+ years
- Fees: Low rates
- Customer Service: Good
- Website: https://www.fairfieldfunding.com/
- Stone Street Capital: Stone Street Capital has been in business for over 10 years and has a reputation for providing excellent customer service. They offer a range of payout options, including lump sums and annuities.
- Rating: 4.2/5
- Experience: 10+ years
- Fees: Competitive rates
- Customer Service: Excellent
- Website: https://www.stonestreet.com/
- CBC Settlement Funding: CBC Settlement Funding has been in business for over 15 years and has a strong reputation for providing fair and competitive offers. They offer a range of payout options, including lump sums and annuities.
- Rating: 4.1/5
- Experience: 10+ years
- Fees: Low rates
- Customer Service: Good
- Website: https://www.cbcsettlementfunding.com/
- Novation Settlement Solutions: Novation Settlement Solutions has been in business for over 10 years and has a reputation for providing personalized service and competitive offers. They offer a range of payout options, including lump sums and annuities.
- Rating: 4.0/5
- Experience: 5+ years
- Fees: Competitive rates
- Customer Service: Excellent
- Website: https://novationsettlementsolutions.com/
- Liberty Settlement Funding: Liberty Settlement Funding has been in business for over 5 years and has a strong reputation for providing fair and competitive offers. They offer a range of payout options, including cash advances and lump sums.
- Rating: 3.9/5
- Experience: 5+ years
- Fees: Low rates
- Customer Service: Good
- Website: https://www.libertysettlementfunding.com/
A Graph of Structured Settlement Companies in 2023
Here’s a structured comparison chart based on your provided information for the top structured settlement companies in 2023:
| Company Name | Rating | Experience | Fees | Customer Service |
|---|---|---|---|---|
| Life Medicaid | 4.9*/5 | 15+ years | Low rates | Excellent |
| J.G. Wentworth | 4.8/5 | 25+ years | Competitive rates | Excellent |
| Peachtree Financial Solutions | 4.7/5 | 20+ years | Low rates | Good |
| Oasis Financial | 4.6/5 | 15+ years | Competitive rates | Excellent |
| SenecaOne | 4.5/5 | 10+ years | Low rates | Good |
| DRB Capital | 4.4/5 | 10+ years | Competitive rates | Excellent |
| Fairfield Funding | 4.3/5 | 10+ years | Low rates | Good |
| Stone Street Capital | 4.2/5 | 10+ years | Competitive rates | Excellent |
| CBC Settlement Funding | 4.1/5 | 10+ years | Low rates | Good |
| Novation Settlement Solutions | 4.0/5 | 5+ years | Competitive rates | Excellent |
| Liberty Settlement Funding | 3.9/5 | 5+ years | Low rates | Good |
Summary:
- Top-Rated: Life Medicaid and J.G. Wentworth are the highest-rated company, with 25+ years of experience, low and competitive fees, and excellent customer services.
- Lowest Fees: Peachtree Financial Solutions, Seneca One, Fairfield Funding, CBC Settlement Funding, and Liberty Settlement Funding are noted for their low rates.
- Best Customer Service: Companies like J.G. Wentworth, Oasis Financial, DRB Capital, Stone Street Capital, and Novation Settlement Solutions received excellent ratings for customer service.
How to Choose the Best Structured Settlement Company
Now that you’ve seen the top 10 structured settlement companies, here are some tips to get the best deal for your settlement:
- Experience: Look for companies with a proven track record of handling structured settlements.
- Reputation: Check online reviews, ratings, and testimonials from previous clients.
- Licensing: Ensure the company is licensed and registered with the necessary authorities.
- Fees: Compare fees and rates offered by different companies.
- Customer Service: Evaluate the company’s customer service and support.
- Shop around: Compare rates and fees from different companies.
- Negotiate: Don’t be afraid to negotiate the terms of your settlement.
- Read reviews: Check online reviews and testimonials from previous clients.
- Ask questions: Don’t hesitate to ask questions about the company’s experience and reputation.
Conclusion
Choosing the right structured settlement company can be a daunting task. However, by considering the factors mentioned above and reviewing our top 10 list, you can make an informed decision and get the best deal for your settlement.
