Coping with the unexpected loss of a loved one is always a difficult feat. While pursuing legal action through a personal injury claim can help your family recover in the long term, it’s likely you have to pay bills now. If you’re currently working with a law firm to recover compensation for your family’s loss and need financial assistance, wrongful death lawsuit funding could be for you.
There are a number of tragic situations that could result in wrongful death because of the negligent actions of another party. The most common include car accidents, instances of medical malpractice, dangerous products, motorcycle crashes, truck accidents, and situations involving premises liability.
At Preferred Capital Funding, we help personal injury victims and their families stay financially afloat during difficult times. Applying for pre-settlement funding could take away some of the burdens, so you and your family can focus on grieving your loss and finding your new normal.
It’s important to note the unique repayment plan associated with pre-settlement funding. Instead of paying us back in monthly installments as interest accrues, you only pay us back if you win your case. We’ll calculate the interest and fees up front, so you know what to expect in the end. In order to determine if wrongful death funding is right for you, you should understand what makes someone eligible.
Who Qualifies for Wrongful Death Lawsuit Funding?
If you are considering applying for wrongful death lawsuit funding, it’s important to be aware of the qualifications. There are unique factors that determine your eligibility.
First, you must be working with a lawyer and have filed a personal injury lawsuit. This will allow us to discuss your case with your legal representative, so we can evaluate the risks of providing you with funding. If it’s fairly clear the opposing party was responsible, it’s likely you’ll be approved for funding. In addition to that, we only take on cases that involve injuries or fatalities. You will not be eligible for funding if your claim only involves property damage.
A strong case is key when applying for lawsuit funding. This is because your repayment is contingent upon settling successfully. If there’s a chance your loved one played a role in the accident that caused their death, for example, this may complicate the matter significantly. Always discuss your options with your lawyer. While some will not work with funding companies, those who do will be able to evaluate a claim ahead of time and give you an idea of what you can expect.
Once you do apply, our legal underwriters will decide how much funding you should receive based on the eligibility factors discussed above. When you have the money, you can use it to cover the expenses related to your loss.
What Expenses Can Pre-Settlement Funding Cover?
There are often extensive expenses related to a wrongful death. To start, the average funeral ranges from $7,000 to $9,000. When life insurance policies aren’t in place or aren’t enough, a serious struggle can ensue. In addition to the thousands of dollars it will take to cover funeral and burial expenses, families are often left with the deceased’s remaining medical bills from their treatment after the accident. If the family’s loved one was, for example, on life support and stayed in the hospital for an extended period of time, the hospital bill could be hundreds of thousands of dollars.
It’s also possible, especially if the loved one was the family’s breadwinner, that day-to-day expenses will be difficult to cover. Complex wrongful death claims can take years to complete. A family could end up in financial ruin without proper help.
Lawsuit funding can be used to ensure your family’s finances remain stable while the litigation process takes place. Depending on the circumstances surrounding your case, you could be eligible for funds between $500 and $500,000.
If you need money now, there’s no need to worry about your credit report, employment status, background check, or any application fees. We only take your claim’s value and validity into consideration. With wrongful death lawsuit funding, you will have the money needed to take care of the following:
- Memorial, funeral, and burial or cremation services
- Property damage costs
- Remaining medical bills and expenses
- Monthly bills like rent, electricity, credit cards, car payments, etc.
- Everyday expenses
We understand that unlike a typical personal injury claim where the victim filed against the negligent party for their injuries, a wrongful death claim involves significant and varying expenses depending on the circumstances surrounding the death and the deceased’s last wishes. It’s not uncommon for a family to fall behind with their bills to ensure other matters are taken care of. The compensation from your claim isn’t always available as readily as it needs to be, which is why applying for pre-settlement funding can make all the difference.
Apply Today with Our Funding Specialists
To get the money you need to take care of your family during this challenging time, all you need to do is submit a simple application. You’ll need to provide us with information like your name, email address, how much money you’re requesting, and what type of case you’re dealing with. One of our specialists will get back to you with information on how to proceed. If we discuss the matter with your lawyer and approve your request, you could have your money in a matter of days.
While you’re suffering from the emotional trauma of wrongfully losing a beloved family member, you shouldn’t have to deal with the financial consequences of their passing. That’s why we offer wrongful death lawsuit funding. Apply online or by phone today.