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.

Why the Structured Payment Sucks

The structured payment is horrible because a judge and lawyers determine what the worth of your money is not you.  Many times they’ll argue the value of the money is inflation or the payback on a treasury bill.  However, if you have a mortgage or high interest credit card debt at 24% your personal ability to earn more money with the lump sum would have made a much larger impact in your life.  Even if you have no debts you may have a business idea or understand some investing basics.  Again if your business or investments earn 8% – 12% per year you could be multiples richer over the life of your payments.  The last reason structured payments are horrible is they make most people worse with their money and job habits because they know the next check is coming.

Sell The Payments

Good thing for you it is completely legal to sell the payments to someone else for a lump sum of money.  There are lots of structured settlement brokers who will be happy to discuss options with you.  Feel free to call around and negotiate, this is your money and they want to buy the contract from you.   If you need help with the math hire a financial advisor to review each offer with you.  Often the terms can be complex, and you’ll need someone with experience in the area to decipher the terms into common sense.  You’ll need to be open with your financial advisor so they can understand how you intend on using the money so they can pick the terms that work best for you.

Insurance Directory – Insurance directory includes insurance companies on the web.

Find Something to Do

Getting a structure settlement in way replaces the world that was your job.  If you are no longer able to do the job you used to prior to the injury you’re going to feel like a different person.  The longer you wait to find a new direction in life the harder it will be.  Routine monthly payments have a way of making people limited to the amount of income their settlement brings in.  This was never meant to be your top potential.  If it has already become limiting in your life consider going to a structured settlement company and just selling away your payments.  That way you’ll have a pile of cash to change your future with.

Decide How the Money Will Work For You

Since you’ve decided you will not be limited to your monthly stipend you now need to decide how this money will bless your life.  One choice is to simply give it away every month.  This is often rewarding in two ways.  One you get to help your favorite charities.  The other way is you now get to feel your injury did good for the world.  Instead of a check that reminds you of your pain, you get a check that you’ll be excited to help someone with.  Another choice is to invest it for the future.  By investing your income will become true wealth that can have generational impacts.  If you’re young you might not have thought about this much, but as an older person it means to world to know what you’ve built in this world could help your family for generations to come.  The last choice may simply be that this is your family’s play money.  Maybe it’s vacations one month or fancy dinners the next.  If immediate joy is what you need that is OK too because by spending it all on fun you still have to go out and live in the world.

Be Prepared for Problems

Most good lawyers will insist that the structured settlement is handled by a third party where the offending party simply pays a large firm to buy an annuity to cover the monthly payments of your settlement.  Sometimes large corporations get to keep their own annuities in house.  This can be problematic for you in the future when payments simply start getting lost or not processed at all.  The offending company doesn’t have much interest in paying you on time or being friendly with your questions.  Often they will be incredibly rude hoping you’ll leave them alone.  Just keep your lawyer handy and never correspond with them on your own.  If there are problems attack viscously with the law so they think twice before messing with you again.

Act Normal for the Family

You still need to teach the normal lessons of life to your kids.  They need to learn how to handle their finances in the real world when they grow up.  If all they ever see is a monthly payment that magically arrives they will have a harder time linking how money is really earned and used.