Archive for the ‘selling structured settlemnet’ tag
Structured Settlement Buyer FAQ no comments
There are many reasons why the owner of a structured settlement annuity might need to cash out their long term payments for a one time lump sum. There could be medical expenses that arise, educational expenses for college, or other unforeseen circumstances that require a large amount of money right now. When this is the case, the holders of structured settlements can turn to structured settlement buyers.
Cashing Out a Structured Settlement no comments
Structured settlement payments are paid in equal installments for a specific period of time. For example, a lawsuit of $1,000,000 (with 20 years of structured payments) is $50,000 annually or 240 monthly payments of approximately $4,166.67. Sources of structured payments are: from an insurance company, a lawsuit, as a result of death (guaranteed) or living (life contingent), and tax-free income. Worker’s compensation claims do not qualify as structured payments. If an annuitant (the person receiving the structured payments) needs the money in a lump sum, then a structured settlement factoring company may purchase the future payments.