Written by Jovan Johnson, Esq., Structured Settlement & Annuity Specialist
Updated August 31, 2026
If you’re receiving structured settlement payments in Utah and need cash now, you can sell some or all of your remaining payments — but Utah’s Structured Settlement Protection Act requires a court to approve the sale first. Here’s what selling a structured settlement actually involves in Utah, step by step.
Can I Sell My Structured Settlement in Utah?
Yes, you can sell a Utah structured settlement, in full or in part. Utah law (Utah Code §§ 78B-6-1501 through 78B-6-1508) requires: a written disclosure statement at least 3 days before you sign anything, a petition filed in district court, at least 20 days’ notice before your hearing, and a judge’s finding that the sale is in your best interest. You’ll also be advised of your right to independent professional advice, which you can waive in writing if you choose not to use it. Most sales close in roughly 45–60 days from signed agreement to funded payment.
See What Your Payments Could Be Worth
Every offer is different, and the only way to know what your specific payments are worth is to get an actual quote — not a generic estimate.
We work with attorneys and partners experienced in Utah structured settlement transfers to help sellers throughout the state. You’ll get a real quote based on your actual payment schedule, an explanation of the required disclosures before you sign anything, and guidance through the court approval process from people who handle these filings regularly. There’s no fee to get a quote, and requesting one doesn’t commit you to selling.
→ Request your free Utah structured settlement quote
What Is a Structured Settlement?
A structured settlement is a set of tax-free payments made on a regular schedule following a lawsuit settlement, typically funded through an annuity issued by an insurance company. Common sources include personal injury, medical malpractice, and wrongful death cases. If you’d rather sell a different kind of payment stream, see our page on selling life-contingent payments or the general overview of selling a structured settlement.
Note: our funding partner does not currently purchase payment rights arising from workers’ compensation settlements. Workers’ compensation settlements are excluded from Utah’s Act for transfers taking effect after April 30, 2007.
How to Sell a Structured Settlement in Utah (Step by Step)
1. Get quotes from more than one factoring company
Industry-wide, discount rates on structured settlement purchases commonly run 9%–18%. Sellers who work with AnnuityFreedom.net’s network have accessed rates as low as 8% in qualifying cases — worth asking about when you compare quotes.
2. Receive your written disclosure statement — at least 3 days before signing
Under § 78B-6-1503, the buyer must give you a disclosure statement, in bold type no smaller than 14 points, at least three days before you sign a transfer agreement. It has to show the amounts and due dates of the payments being transferred, the discounted present value, and every fee being deducted.
3. Sign the transfer agreement
Once you’re satisfied with the offer and disclosures, you sign the agreement — but the sale isn’t final yet.
4. Your case is filed in district court
Under § 78B-6-1504, the petition is filed in the district court of the county where you live, the county where the annuity issuer or obligor has its principal place of business, or the court that originally approved your settlement.
5. Interested parties get at least 20 days’ notice before the hearing
- 78B-6-1506(2) requires the buyer to file and serve notice of the proposed transfer on all interested parties at least twenty days before the scheduled hearing.
6. A judge reviews the sale at a court hearing
The judge must find that the transfer is in your best interest before approving it, taking into account your financial situation and the terms of the sale.
7. Funding — typically 45–60 days after you sign
Once the judge signs the approval order, the buyer funds your lump sum.
A Real Driver of Large Utah Settlements: The Ski and Resort Industry
Utah’s mountain resort economy — home to some of the highest-traffic ski resorts in the country along the Wasatch Front — brings a steady volume of serious skiing, snowboarding, and resort-related injury claims each winter season. Cases involving equipment failure, lift malfunctions, or resort negligence can produce substantially larger settlements than a typical injury claim, which are sometimes structured.
Lower-confidence section — general, well-known context about Utah’s resort industry rather than a specific verified statistic. Worth your own read before publishing.
If Something Goes Wrong: Utah’s Consumer Protection Resources
- Utah Insurance Department — handles complaints involving insurance companies and annuity issuers. insurance.utah.gov/complaints, or call 801-957-9200 (or 1-800-439-3805 in-state).
Utah Structured Settlement FAQ
How long does it take to sell a structured settlement in Utah?
Typically 45–60 days, covering the 3-day disclosure period, the 20-day court notice period, and the hearing itself.
How much money will I get for my structured settlement?
It depends on the discount rate applied. Industry-wide, that’s commonly 9%–18%, though sellers who qualify through AnnuityFreedom.net’s network have accessed rates as low as 8% — plus how many payments you’re selling and how far in the future they’re scheduled.
Can I sell only part of my structured settlement?
Yes — Utah law allows partial transfers, so you can sell a portion of your payments and keep the rest on the original schedule.
Which court handles my case?
The district court of the county where you live, the county where the annuity issuer or obligor has its principal place of business, or the court that originally approved your settlement, per § 78B-6-1504.
Do I need my own lawyer to sell?
No. Utah requires that you be advised of your right to independent professional advice, but you can waive that right in writing if you choose not to use one.
Ready to Get a Real Number?
Now that you know how the process works, the next step is seeing what it means for your specific payments. Get a free, no-obligation quote and walk through the Utah court process with people who handle these filings regularly.
Sources
- Utah Code §§ 78B-6-1501 through 78B-6-1508 (Utah Structured Settlement Protection Act)
- Utah Insurance Department consumer complaint portal — insurance.utah.gov/complaints
About the Author: Jovan Johnson, Esq. is a structured settlement & annuity specialist with 12 years of experience, based in California. He has also practiced as an attorney in consumer and small business bankruptcy and debt settlement. Annuity Freedom has been helping clients sell annuity payments since 2017.
Disclaimer: This article is for informational purposes only and isn’t a substitute for independent professional advice.