If you want to sell a structured settlement, here is a simple six step process: Research buyers. These can be found via a standard internet search and are usually factoring companies. It is advisable to consult with a lawyer or financial advisor you trust and to check reviews and the company's BBB rating. While you might want to choose from members of the National Association of Settlement Purchasers (NASP), there are plenty of buyers offering favorable terms outside of this body. From your research, draw up a shortlist of at least two but preferably three or more contenders. Contact the companies you shortlisted for a quote by telephone to get a feel for their professionalism. Tell each that you are getting quotes as they are more likely to give you their best rate straight away. Ask for their effective discount rate (this includes all associated fees) and aim for the lowest value possible (7% to 9% is good). Be prepared for some companies to take an aggressive sales approach and resist pressure to make an immediate decision. Continue to talk to professional advisors and family members. Make your informed decision. Collect together all of the documents the buyer requests from you. This will include two forms of ID and a copy of the original structured settlement contact (ask your lawyer or insurer if you don't have one). You will also need to fill out an application form and release agreement. Do this fully and in a timely fashion. Selling a structured settlement takes a long time and you don't want to delay the process any more than you have to. The buyer will then process the transfer with the help of the insurance company. It should take around four weeks for the transfer documents to be signed and notarized. In some states, a third party may need to assess the deal and you may need to wait for a cooling off period to elapse. Check with a lawyer or financial advisor if you are not sure of the process for your state. The final hurdle, which can take two months or more to clear, is arranging a court hearing via a local attorney appointed by the buyer or yourself. You will need to attend in person and a judge will assess whether the sale is in your best interest. They will look at your personal circumstances, the buyer's reputation, the discount rate and any previous payments that have been made. If he or she approves the sale, the transfer of funds can take place.