Five things NOT to do when Selling your Structured Settlement

One: Don't sell to the highest bidder. Two: Believing the funding source when they say you will have your money in a couple of weeks. Three: Thinking you have to sell the whole settlement or annuity. Not determining how much you really need. Four: Letting emotions or being desperate control our decisions. Five: Check out the reputation of the structured settlement/annuity purchaser.

What Is A Structured Settlement?

A structured settlement is an alternative payout for a person who has won a lawsuit as a direct result of a worker’s compensation claim, wrongful death or accident. With a structured settlement there is an agreement between both parties that the payment will be made over time instead of in one lump sum.

How To Choose The Right Structured Settlement Broker

A prospective seller of a structured settlement payment is better served utilizing the services of a structured settlement broker rather than approaching a buyer directly. The same is true for an individual who is about to come into a large sum of money via a structured settlement payment.

Structured Settlement Loans

Structured settlement loans are given against plaintiffs’ periodic claim settlements. Court judgments where a structured settlement is awarded are called periodic payment judgments. If a claimant has been awarded a financial resolution in which he or she will receive periodic payments instead of a lump sum, a loan may be extended against the value of the settlement.

Cash For Structured Settlements

A structured settlement is a way to pay compensation to a victim of an accident, on a periodic basis. Structured settlements can either be paid in regular installments for a fixed period of time or for the claimant’s lifetime. It is seen as the best form of settlement, because it caters to a claimant’s need for security in an effective manner. It also provides better financial benefits over a period of time compared to a single lump-sum settlement. Structured settlements are also advantageous, as they make the beneficiary of the settlement eligible for tax breaks. In certain cases, an initial large payment is made to cover expenses. In the case of structured settlements, annuity purchased from a life insurance company usually provides the funds required for making the payments.

Need Money in a Hurry Than Selling Your Structured Settlement May Not Be The Answer

Need money in a hurry, than selling your structured settlement may not be the answer. It can take anywhere from six weeks to four months to get your money. Why you may ask?

Sell Structured Settlement Payments

An injury or an accident can be very devastating, considering the expenses that you will have to pay, especially if you need to rest and can’t work for a couple of months or years.

So You Are Thinking About Getting Cash For Your Structured Settlement

Then there are some questions that you need answers to before cashing your structured settlement annuity. First, find out how long the broker has been in the structured settlement industry. Given the level of difficulty in the industry, the broker should have a solid background.

The Lowdown on Settlement Funding

You may have heard the term before, but few people really understand the ends and outs of settlement funding. What was once just a vague term has grown into a rather controversial issue causing many to take up arms in the conflict.

The Lowdown on Selling a Structured Settlement

So, you went through a lawsuit and were pressured into accepting a structured settlement; somewhere down the line you realize that the settlement does not provide all the security it was supposed to; what do you do now?

How to Sell a Structured Settlement Payment

Structured settlement payments are not always the benefit they are made out to be. If you find yourself with a structured settlement but in need of a lump sum payment.

The Lowdown on Getting Cash for a Structured Settlement Payment

Were you involved in a car accident and received a structured settlement as a result? Perhaps something else happened and now you are receiving payments on a lawsuit settlement.

3 Mistakes to Avoid When You Sell a Structured Insurance Settlement

Many people receiving payments from structured insurance settlements often wish they could get their money in a lump sum amount instead of receiving payments for what seems like forever.

What Is A Split Annuity?

The Split Annuity is a combination of an immediate annuity and a deferred annuity, structured to provide immediate income, much of which is after tax dollars (return of premium), while returning the original premium (before taxes).