Propoli Financial   Analyzing Structured Settlements, Lotteries and Annuities

Structured settlements were created as a means to compensate the victims of accidents and injuries. The idea behind them was to provide income for people who were severely hurt that would be paid out in smaller amounts over a long period of time, possibly for the entire life time of the individual receiving them. In such a way, the person would not show too much income to prevent them from qualifying for Medicaid to help cover the costs of their medical expenses.

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If you have a structured settlement or an annuity, then you should be familiar with the time value of money. This is especially important to grasp if you are considering selling your payments to a company that buys them. They will value your payments now based in large part on this time value of money.

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If you have a structured settlement payment program that you own, then you will know how frustrating it can be waiting to get that check every month. What if there were a way that you could cash out the structured settlement now and receive a large, one time amount of cash for it instead of getting only a little bit at a time? There is such a vehicle now, and it is available through selling your structured settlement payment to a structured settlement payment company.

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Choosing a Structured Settlement Factoring Company

If the time comes when it is necessary to sell your structured settlement, whether due to medical emergency or other financial situation, there are many companies willing to purchase the annuity.

How you select the factoring company, i.e. the company that will purchase your annuity, will have an effect on the transaction. To avoid problems down the road, doing a little research into the companies will help.

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How do I know if I need to sell my structured settlement?

If you are facing an unexpected financial crisis and have no other way to raise the cash you need to avert losing your home, paying medical bills or any other emergency, selling your structured settlement is a good option.

How do I find a company to buy my structured settlement?

Quotemeaprice.com or the StructuredSettlement-Quotes.com will do the legwork and provide a marketplace for you to find the buyers who are willing and able to buy your annuity or structured settlement.

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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.

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There are occasions when a plaintiff settles his case for a large amount of money that is to be paid to him over time rather than all at once. A settlement paid in this manner is called a structured settlement. It can be paid in a variety of ways, including annual installments for several years or in periodic lump sums. This type of payment is popular with defendants for two reasons. First, there are tax advantages in paying a settlement this way. Second, by purchasing an annuity to pay the settlement, the defendant can sharply lower the amount it costs him to settle the claim.

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