You have a structured settlement and will be getting money for several years. Wouldn’t it be nice if you could just cash out the structured settlement payments, when you really need it?
Say you want to get rid of those bills once and for all, or you just want to add on to your house or just have some sort of new entertainment center that you want to build? Whatever the reason is, remember that it’s your money and you should be able to use it at your convenience.
But how can you be sure of getting what you truly deserve? Most law firms will not tell you that structured settlement payments have discount rates and those rates can vary from firm to firm. What is a discount rate? Basically it states that in finance, a dollar earned today will not be worth a dollar a year from now. The lower this rate is, the more money you will get in a lump sum for your money now.
This is where you can get extra for your annuity structured settlements. Because the discount rate may vary from company to company. It’s a lot like shopping for insurance. You wouldn’t just jump on the first quote, right? Why get only one quote for your settlement funding when you can get up to 6 offers within one day? Tell five of those people to take their business elsewhere and get the most for your money!
There are some requirements, of course, but it’s nothing out of the ordinary. As long as the settlement payments are:
1. From an insurance company
2. Tax free
3. As a result of a lawsuit, personal injury or other claim
4. Either available after you die (guaranteed) or while you’re alive (life contingent)
and 5. Not a result of a worker’s compensation claim
If your settlement meets this criteria, then you are eligible to receive your money now, instead of whenever the settlement money comes in over months or years. Why wait to receive YOUR money?
Some things to note:
• Since your structured payments are tax free, so will this lump sum be.
• Even if your insurance policy says otherwise, you can convert it legally to a lump sum
• The proceeds from the sale will be wired into your bank account directly. No waiting around for a check.
In conclusion, getting a structured settlement is nice if you have income security and can wait for the payments to come in, but if you have a need for cash or you just don’t want to wait, why not get the most for your settlement? Get the money you deserve NOW by using our site and get SIX offers, the highest one of which will be wired into your bank account.
0 Comments.