Our program provides instant cash in exchange for the next 12 months (1 yr.) or 6 - 15 yrs. of your pension payments.

Use your funds for:

Debt Consolidation

Divorce Settlements

Home Purchase

Pay Bills

Investment

Starting a Business

Pay for School

ANY legitimate use of funds is acceptable.

Click Here for a Military Pension or Company Pension Cash Quote

Types of Pension Payments We Purchase

Most types of pension payments are eligible. This program is available to all U.S. residents.

Payment Types:

Military Pension

Company Pension

Police and Fire Pension

Teacher Pension

ANY State or Federal Government Pension

We DO NOT Buy Social Security Benefits

We DO NOT Buy VA Disability Benefits

How Does the Pension Loan Program Work?

First American Finance pays a lump sum of cash in exchange for 12 months (1 yr.) or 6 - 15 yrs. of future pension benefits.  The first step is for us to provide you with a free, no-obligation estimate of how much we will pay for your future benefits. You will receive the estimate within 2-3 business days if you provide us with an email address or telephone number. If you like the figure, we will forward a full application for you to complete and return and we will begin the process.

Who is eligible for Pension Funding?

All people currently receiving pension payments. Persons receiving military pensions must be out of the service at least 6 months.

What is the minimum payment amount you will purchase?

12 month program: We can purchase pension payments of $550 or more per month.

6 yr. program: We can purchase pension payments of $800 or more per month.

8 yr. program: We can purchase pension payments of $600 or more per month.

10 & 15 yr. program: We can purchase pension payments of $400 or more per month.

Is there a maximum payment amount you will purchase?

12 month program:  The maximum monthly payment we will purchase for the 12 month (1 yr.) program is $1,000.  If you are receiving larger payments, we will purchase $1,000 of the payment and forward the overage to you each month. 

6 - 15 yr. program:  This program allows us to purchase up to 85% of your net payment amount, without any limitation on the payment amount we can purchase.

Are there any credit requirements?

We do not require perfect credit, but applicants must at least have fair credit and not have any collections or judgments that may affect the pension payments.

Are there any age limitations?

None at all.  Any person of legal age will be accepted.

Are people who have filed for bankruptcy eligible?

Yes, but the bankruptcy must have been discharged at least 12 months previously. Additionally, the credit history since the bankruptcy must be fair.

What is the average time for funding?

12 month program: If you submit your application to us along with all required documents and receive an approval before the 15th of the month, you could receive you funds within 7-10 days after the first payment re-direct.  This is usually by the 8th or the 12th of the following month.

72 month program: It usually takes approximately 8 to 12 weeks from the time we receive your complete seller package, to secure a buyer for your payments and receive your funds.

Are there any restrictions on the use of funds?

First American Finance does not require any specific use for the funds. Education, home, medical bills, bill consolidation, recreational vehicles, vacations, investments, etc. All legitimate purposes are acceptable to us.

Do I need to own a home to qualify?

No. Home ownership is not required. In fact, stable renters are often strong qualifiers.

Do I need Life Insurance?

12 month (1 yr.) program:  No.  No Life Insurance required.

6 - 15 yr. program:  Yes.  Life Insurance is required to be in place for the entire term purchased.  However, we will assist with the purchase of the Life Insurance policy, and pay 1/2 of the premium, if you do not currently have Life Insurance.

Why isn’t the amount of money paid to me [the pensioner] equal to the total value of all the payments that will be collected?

The up-front lump sum received by the pensioner is substantially less than the total value of the payments that would have been collected over the extended period of time.  Current dollars are more valuable than future dollars.  Just like lottery winnings, a winner can collect all of his money over twenty years, or approximately 30-40% of the total amount at the time of winning as a cash option.  The rate of discount is similar for advance pension payments.  However, depending on the program chosen, the lump sum you will receive from us will be approximately 33-78% of the total sum of payments purchased!

Example of our 12 month (1 yr.) Pension Advance Program

EXAMPLE #1:  Net monthly payment received = $550 per month

We purchase 12 payments and you receive $5,000.00.  (That's 75.8%)

EXAMPLE #2:  Net monthly payment received = $650 per month

We purchase 12 payments and you receive $6,000.00.  (That's 76.9%)

EXAMPLE #3:  Net monthly payment received = $1,070 per month

We purchase 12 payments and you receive $10,000.00.  (That's 77.9%)

 

Example of our 72 month (6 yr.) Pension Advance Program

EXAMPLE #1:  Net monthly payment received = $800 per month

We purchase 72 payments and you receive $29,600.00.  (That's 51.4%)

EXAMPLE #2:  Net monthly payment received = $1,000 per month

We purchase 72 payments and you receive $37,100.00.  (That's 51.4%)

 

Example of our 96 month (8 yr.) Pension Advance Program

EXAMPLE #1:  Net monthly payment received = $600 per month

We purchase 96 payments and you receive $26,200.00.  (That's 45.5%)

EXAMPLE #2:  Net monthly payment received = $800 per month

We purchase 96 payments and you receive $34,900.00.  (That's 45.5%)

EXAMPLE #3:  Net monthly payment received = $1,000 per month

We purchase 96 payments and you receive $43,700.00.  (That's 45.5%)

 

Example of our 120 month (10 yr.) Pension Advance Program

EXAMPLE #1:  Net monthly payment received = $400 per month

We purchase 120 payments and you receive $20,000.00.  (That's 41.7%)

EXAMPLE #2:  Net monthly payment received = $600 per month

We purchase 120 payments and you receive $30,000.00.  (That's 41.7%)

EXAMPLE #3:  Net monthly payment received = $800 per month

We purchase 120 payments and you receive $40,000.00.  (That's 41.7%)

EXAMPLE #4:  Net monthly payment received = $1,000 per month

We purchase 120 payments and you receive $50,000.00.  (That's 41.7%)

 

Example of our 180 month (15 yr.) Pension Advance Program

EXAMPLE #1:  Net monthly payment received = $400 per month

We purchase 180 payments and you receive $23,700.00.  (That's 33.0%)

EXAMPLE #2:  Net monthly payment received = $600 per month

We purchase 180 payments and you receive $35,600.00.  (That's 33.0%)

EXAMPLE #3:  Net monthly payment received = $800 per month

We purchase 180 payments and you receive $47,500.00.  (That's 33.0%)

EXAMPLE #4:  Net monthly payment received = $1,000 per month

We purchase 180 payments and you receive $59,400.00.  (That's 33.0%)

 

Most pension advance companies only pay 25 to 40%.  We pay 33-78%.

Are there ways to repay the loan early?

This program is actually not a loan. Early repayment is not an option. The program is a contractual agreement between you and our payment buyer for which you agree to sell your next 12 mo. or 6 - 15 yrs. of pension payments.  Therefore, we are agreeing to pay you a lump sum of cash up-front for your commitment to have your next 12 mos. or 6 - 15 yrs. payments forwarded to us.