Selling Structured Settlements
If you were recently awarded a court settlement, but need the money now, you may be looking for a company who can purchase your settlement, enabling you to receive a lump sum you may need to pay off debts, start a business, or for another personal reason. You can do the same if you won the lottery and you will be paid in monthly increments — sell the structured payments to receive a lump sum. Although the lump sum will be less than the total payments you would have received over the years, it may be worth it to have the money now. It may even save you money overall if you use it to pay off high interest rate debts or make an investment.
When deciding whether or not to sell your settlement, weigh the pros and cons carefully. How much do you need the money now, and how much is it worth to you to have it now? Realize that the lump sum you receive will be discounted. You’ll have your money now, which allows you greater financial flexibility in the present, but you no longer have your tax exemption, and you won’t receive as much total money.
Since state and federal governments monitor sales of every structured settlement, it’s a good idea to consult a lawyer and a financial advisor about your options. Also, even though there are regulations on settlement sales, scams still exist. Receive quotes from multiple providers in order to avoid being scammed.
The real drawback to a settlement is that it offers no flexibility once it has been established. Your financial needs may change over time, making it necessary for you to have your awarded money now rather than over the course of the settlement. Selling settlements enable you to get that flexibility, but at a cost. Selling settlements may help you out of a tight financial spot, making it possible for you to make medical payments, pay your mortgage on time, or even purchase a home; but make sure you exercise caution when selling. Since the legal process can be a complicated one, look for a company that has been in business several years, fully understands how the process works, and is willing to make it clear to you.
One such company is Annuity Transfers. They have a lot of experience, and are straightforward with their customers. To begin your comparison shopping, call 1-888-638-0900 for a free quote from them.
Investing
You may be interested in a structured settlement for a very different reason. If you are looking for an investment opportunity, you may be interested in looking into the resale of settlements, by companies who purchase them from the original owner. Although settlements as a means of investing are relatively unknown, they also tend to be less risky than stocks, with higher yields. Investing in a settlement will enable you to receive the tax benefits they provide, plus the return on your investment, with little or no risk. It’s hard for other forms of investments to match the benefits offered by settlements.
One company that allows private investors to reap some of the rewards offered by purchase of settlements is Annuity Transfers. Since they do not purchase settlements that are backed by any company with less than an A rating (rating is based on financial strength), investing in settlements with them is virtually risk-free.
Conclusion
If you’re looking into either buying or selling, Annuity Transfers is a good place to start. Even if you don’t end up making your investment or your sale with them, they will be able to provide you with helpful information as a result of their long years in the business. Give them a call to begin the process of either selling or investing in structured settlements.
By Riannon Cutler