Structured Settlement, Annuity Payments and Lump Sum FAQs
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Novation Settlement Solutions Frequently Asked Questions

Frequently Asked

Get straight answers from the experts that will help you get the money you need.


Do different states have different waiting periods?

Yes. For detailed information on your state’s rules, check out our State Statute page.

What else do I need to know about Novation Settlement Solutions?

We understand that selling portions of your structured settlement or annuity payments can be a long and confusing process, so that’s why we make sure we take our time and always keep you in the loop. You can read more about how we conduct our business on our “Ten Ways We Do Business” page.

Will I have to pay taxes on the sale of my structured settlement payments?

There are usually no taxes owed as structured settlement payments are tax-exempt. However, it never hurts to check your state laws or confirm with a tax advisor.  

Do I have to sell all of my structured settlement payments or can I just sell just a portion?

That’s completely up to you. Our Funding Executives will work with you on many different options depending on how much cash you need.

What type of payments will Novation Settlement Solutions NOT work with?

Novation Settlement Solutions will not work with retirement funds, workman’s compensation payments, child support payments, unemployment benefits, divorce settlements, social security disability, or pensions.  

How long does it take to get a quote?

Most people will have a quote by the end of their initial call with a Funding Executive.

Can I still work with NSS if I had another company handle previous structured settlement payment sales?

Absolutely! Even if you’ve worked with other companies to sell your structured settlement payments in the past, you can still work with us. Your Funding Executive can give you more information on the phone.

Can I sell my disability payments?

No. Disability payments are not assignable contract rights.

What information do I need to sell my structured settlement payments?

Please have a copy of your structured settlement policy, social security number, driver’s license, and one other form of ID handy when you call your Funding Executive.  This will make the process go much quicker than if you don’t have them on hand. 

How long does it take to get lump sum cash for my settlement payments?

The process in getting a settlement approved can vary by state, with some states taking longer than others. You should expect to get your money from anywhere between 60 – 90 days; however, some people may qualify for an advance on their money, depending on their situation. 

Which types of future cash flows does NSS buy?

We buy future structured settlement, annuity, and lottery payments. We also have a Professional Services division that specializes in non-standard cash flows that cover anything from bankruptcy liquidation to sports contracts.

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Call 1-888-979-37401-888-979-3740

Novation Settlement Solutions HQ, West Palm Beach
Novation Settlement Solutions

1641 Worthington Road Suite 410

West Palm Beach, Florida 33409