Information For People That Choose To Sell Structured Settlements

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Structured Settlement Broker - Understanding How Structured Settlement Brokers Work

The goal of a structured settlement broker is to help you put together and negotiate a settlement that makes sense for you.

Just to be sure we're on the same page... a structured settlement is a way of compensating someone who's been injured.

They're also used to pay out lottery winning jackpots... (that's of course, for most people, the preferred reason for getting a structured settlement!)

How Exactly Does A Broker Operate?

Part of what a broker will do is work with attorneys to find the best structured settlement plan for their client. They can also help with the sale of a structured settlement.

A broker will have the total description of exactly what a settlement is offers and will be able to answer questions about them.

A big benefit to having a broker is that they are typically affiliated with multiple companies, which means they can shop around with you for the best deal.

The Most Important Part Of Planning A Structured Settlement

A broker will help you answer and address the most important parts of your situation: getting you a structured settlement based on your current and future financial needs.

Far too many people make the mistake of not thinking enough about what they really need and regret it later on!

Exactly What's Included In A Structured Settlement

Most people think a structured settlement just pays out to the victim over a longer period of time.

While this is true, structured settlements will often include cash up front to pay your attorney and any immediate medical expenses.

Keep in mind: Once a structured settlement has started, there's no way to change any of the terms or payment amounts - so make sure you do all the right research beforehand so you get the best deal.

That being said, you can always "cash out" our structured settlement by selling it for a lump sum cash amount.

A broker can be a tremendous help to you if you're thinking of selling your structured settlement.

Broker selection tip: DO NOT work with a broker who has an exclusive arrangement with one company. There are plenty of honest brokers who can work with multiple companies to get you the best deal.

Qualifications Of A Good Structured Settlement Broker

Do your homework up front and make sure your broker is registered with the Department of Justice. Also - and this next part is huge - make sure they're insured!

To learn much more about the pros and cons of structured settlements, including how to buy structured settlements, visit http://www.Structured-Settlement-Tips.com



Five Reasons To Sell Structured Settlement Payments

A structured settlement is a legal payout where someone who's been injured and otherwise hurt is given monetary compensation. A structured settlement annuity come in the form of a series of payments made over the course of a period of time. The bonus to this type of payment is that the aggrieved gets a steady stream of income coming in for a long period of time, the downfall of this type of settlement is that the person getting the funds might find themselves in a situation where they need a lump-sum for unexpected expenses or a big ticket item they might have their eyes on.

To consider the nature of some of the unexpected expenses someone receiving settlement payments can incur, one needs to consider the nature as to why people receive a structured annuity. Often, the settlement comes as the result of a court case where the claimant receives money as a result of some accident suffered. Often, these injuries can be severe enough the claimant could have serious medical conditions arise, conditions that might only show up after the person has settled there case.

They might need some quick money for an operation and selling off settlement annuity payments is a good way to get the cash owed to them in as little as 6 to 8 weeks. Of course, medical emergencies can quickly arise with any member of a family as well.

Another reason to sell off a structured settlement rings with a more positive note. As there are no legal reasons why a claimant cannot decide to sell off this asset, some of the more shrewd claimants keep an eye on the stocks and other markets to see if they can't transfer a lump sum from an annuity into another kind of moneymaker. Still, when considering this, it's important to realize that selling off a structured settlement will include a fee to the company helping you with the transaction.

Some of the people receiving a settlement annuity think about investing in something that's a little more tangible. A fair number of these claimants decide to buy homes with the proceeds from a structured settlement factoring transaction because the investment is something they can enjoy and pass along to their families when they pass on. Again, selling off these payments for this purpose demands careful attention to detail. Often, first time homeowners don't factor in all the little 'hidden' expenses that go with homeownership and these expenses can be especially worrisome when there's no stream of income coming in.

The final reason to sell off a structured settlement is perhaps the most realistic but at the same time the saddest. Often due to the nature of their injuries, people receiving structured settlements have shortened lifespans. So, it's not unusual for these people to want to take care of their families and cashing in a portion of their settlement annuity can help their families live a better life.

Read more articles at Settlement Quotes structured settlement blog. To sell structured settlement payments visit us and we can offer you 6 cash offers from competing investors and funding companies. If you would like to sell annuity payments Settlement Quotes will provide upfront quotes from the industries top annuity funding companies.

Article Source: http://EzineArticles.com/?expert=James_Grace



Structured Settlements - The Benefits of Having Cash in Hand

Mr. Lane, a business associate and friend of my in-laws retired this year. In addition to Social Security, he began collecting monthly payments on two different annuities he started many years ago. And though the income from these annuities is enough to allow him to continue his lifestyle, he doesn’t seem to be very happy.

I overheard a conversation this man had with several people at a family gathering. He was saying that he thought retirement would be more exciting. Mr. Lane has been a widower for more than 10 years and wants more from life than the same routine he has had for the last 40 years. He said he wanted to see the world, really see the world. He was talking about non-stop traveling for the next year or more. He also spoke of buying a vacation home in the tropics. He secretly told my father in law that he didn’t have the funds to do these things. But he may be mistaken.

The annuities he holds are valuable assets. He receives monthly payments from the annuities for a pre-set number of years. If he dies before the term is over, the payments may be received by his heirs. The monthly income from both annuities is significant but it seems this man would rather have cash to have some fun in his retirement. Is there a way to achieve this? Yes.

There are both companies and investors willing to pay cash up front in exchange for receiving payments on private real estate mortgages, lottery winnings, structured settlements annuities and other ‘cash flow’ assets. Such companies often have a variety of options available and are eager to meet the needs of their clients. There are several options available to Mr. Lane. Let’s take a look at a few:


He could receive a single lump sum for one or both of his annuities. In this case he would assign his rights to receive future payments to an investor and end up with all cash.
He could assign an investor the right to receive a portion of his payment for the entire term of the annuity or for only a specified time, say five years. In this case he’d get a lump sum up front and part of a monthly payment while the remainder of the payment would go to the investor.
He could assign his right to receive payments for a specified time. In other words, he might choose the term of seven years. So, for seven years an investor would receive payments from the annuity. At the completion of the seven year term, payments would revert back to Mr. Lane.
There are many companies in the business of purchasing income streams or investments. Some can be very creative in structuring a plan where the holder of a cashflow asset receives the funds they need while maintaining a portion of the payments for the future.

Hey, I just got a post card from Belize. It’s from Mr. Lane. He says, I’d love it there. I think he’s right.

FutureAnnuities of America helps people who need to sell their structured settlements for a lump sum of cash. We help our clients get a fair price for their payments. Get more information regarding structured settlements.

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