Guide to Sell Your Structured Settlement – What, Why & How to?

Okay, you have decided to sell your settlement and I assure you have come to a place you should be. In this article, we are going to discuss the topic in detail. This whole blog is dedicated to providing useful information regarding structured settlements and annuity payments.

Do we need to understand what exactly is a structured settlement?

What is Structured Settlement?

A major chunk of structured settlements are the result of judgement of the court case and most probably it’s related to personal injury. Here the defendant which is usually a big corporation or insurance companies agrees to pay large among of money to the recipient to settle the case. But, the large amount of money is paid in instalments instead of paying the money at once. 

There are many reasons behind this form of payment of structured settlements. Let’s understand it from defendant’s point of view.

  • The defendant company can buy structured settlements in the discount rate from large insurance corporations.
  • Large insurance companies are set up for the sole purpose of giving long-term annuity.

Now let us understand this from recipient point of view. The most useful benefit for the recipient is that the “structured settlement payments are tax-free. Everyone loves tax-free payments and they can save most of the money. Also getting the money in regular instalments they do not risk losing all the money at once.

  • The last and most important reason is that judiciary guarantees the regular periodic payments instead of lump sum amount.

A convincing story defending Structured Settlement Payments:

We all have heard and seen lottery winners who earn millions of cash payouts and go penny less in short duration. The structured settlement helps us to avoid the risk of losing all the money at once. It seems restrictive to our own money but it’s a good deal as your dollars are safe. Unless you have some emergency we can call it a good deal.

Sell My Structured Settlement: Possible Reasons

We have now looked what are structured settlements? And why structured settlement instead if lump sum payment at once. In this para, we shall look why people say “I want to sell my structured settlement”. The answer is quite easy. Every person has got his own perspective and circumstances to deal with. Not everyone agrees with what government says. Some people want control over their money while some have strong reasons to sell their annuity payments. We shall look some of the most common reasons to sell structured settlements.

Sell Structured Settlement to pay off Debt

Well, my wife is a shopaholic and she keeps on shopping all the time. I have the burden of paying the debt which is carrying on for months. So why not sell structured settlement to pay off debt to live tension free life. The interest rates on credit cards are ridiculously high and some are more than 22% after the date spires. Even if I stopped using credit card my biggest expense per month is paying the interest. Selling structured settlement can be very handy in this case. Banks are particularly wise these days and increase your credit limits so you get more and more into debt. Once you pay off the debt using structured settlement cash manage your spending carefully so you don’t run into the same situation once more.

Sell Structured Settlement for starting new Business

Starting a new business or buying a small business is very constructive and valid reason to sell structured settlement payment. A small business with a good strategy, hard work and bit of luck can give some serious money. Apart from that, it offers employment for your family members and people close to you. In long-term, it promises to give large lump sum amount if you decided to sell it. In addition, you get monthly cash payout just as you were going to get structured payments.

Selling Your Structured Settlement for Education

Education is an investment in yourself which offers long-term benefits. We all with good degrees and qualifications in your resume you are likely to get high paid jobs with the respectable position. But, education does not come at small price definitely not at a price of monthly structured settlement payouts. Selling the settlement for cash can raise quick money to invest in education for better future.

Sell Structured Settlement for Medical Emergency

If you have a medical condition you are well likely to need a large lump sum money immediately. Hospitals are very expensive nowadays, even a small operation costs serious money that you cannot manage from monthly annuity payments. I personally believe “spending structured settlement for medical treatment purposes is the most useful use of annuity payments”.

Selling Structure Settlement for Real Estate investment

Real estate investment is the hottest investment today in the United States and all over the world. It promises the best returns most of the times. Why not sell your structured settlements for investing in real estate and make serious cash. It’s also a long-term investment which offers lump sum amount if you decide to sell.

Most of the people live on rent which is definitely lost money. Buying your own home you can be a proud owner and also you can get rent by renting your house and thus getting monthly rental payments.

Conclusion:

This is the last and most important step in selling structured settlements. To sell structured settlement you have to get it approved by the judge that selling is in your interest. All the reasons mentioned above are very good to sell structured settlement. Search online for the companies that offer structured settlements quotes.

 Guide to Sell Your Structured Settlement – What, Why & How to?

Okay, you have decided to sell your settlement and I assure you have come to a place you should be. In this article, we are going to discuss the topic in detail. This whole blog is dedicated to providing useful information regarding structured settlements and annuity payments.

Do we need to understand what exactly is a structured settlement?

What is Structured Settlement?

A major chunk of structured settlements are the result of judgement of the court case and most probably it’s related to personal injury. Here the defendant which is usually a big corporation or insurance companies agrees to pay large among of money to the recipient to settle the case. But, the large amount of money is paid in instalments instead of paying the money at once. 

There are many reasons behind this form of payment of structured settlements. Let’s understand it from defendant’s point of view.

  • The defendant company can buy structured settlements in the discount rate from large insurance corporations.
  • Large insurance companies are set up for the sole purpose of giving long-term annuity.

Now let us understand this from recipient point of view. The most useful benefit for the recipient is that the “structured settlement payments are tax-free. Everyone loves tax-free payments and they can save most of the money. Also getting the money in regular instalments they do not risk losing all the money at once.

  • The last and most important reason is that judiciary guarantees the regular periodic payments instead of lump sum amount.

A convincing story defending Structured Settlement Payments:

We all have heard and seen lottery winners who earn millions of cash payouts and go penny less in short duration. The structured settlement helps us to avoid the risk of losing all the money at once. It seems restrictive to our own money but it’s a good deal as your dollars are safe. Unless you have some emergency we can call it a good deal.

Sell My Structured Settlement: Possible Reasons

We have now looked what are structured settlements? And why structured settlement instead if lump sum payment at once. In this para, we shall look why people say “I want to sell my structured settlement”. The answer is quite easy. Every person has got his own perspective and circumstances to deal with. Not everyone agrees with what government says. Some people want control over their money while some have strong reasons to sell their annuity payments. We shall look some of the most common reasons to sell structured settlements.

Sell Structured Settlement to pay off Debt

Well, my wife is a shopaholic and she keeps on shopping all the time. I have the burden of paying the debt which is carrying on for months. So why not sell structured settlement to pay off debt to live tension free life. The interest rates on credit cards are ridiculously high and some are more than 22% after the date spires. Even if I stopped using credit card my biggest expense per month is paying the interest. Selling structured settlement can be very handy in this case. Banks are particularly wise these days and increase your credit limits so you get more and more into debt. Once you pay off the debt using structured settlement cash manage your spending carefully so you don’t run into the same situation once more.

Sell Structured Settlement for starting new Business

Starting a new business or buying a small business is very constructive and valid reason to sell structured settlement payment. A small business with a good strategy, hard work and bit of luck can give some serious money. Apart from that, it offers employment for your family members and people close to you. In long-term, it promises to give large lump sum amount if you decided to sell it. In addition, you get monthly cash payout just as you were going to get structured payments.

Selling Your Structured Settlement for Education

Education is an investment in yourself which offers long-term benefits. We all with good degrees and qualifications in your resume you are likely to get high paid jobs with the respectable position. But, education does not come at small price definitely not at a price of monthly structured settlement payouts. Selling the settlement for cash can raise quick money to invest in education for better future.

Sell Structured Settlement for Medical Emergency

If you have a medical condition you are well likely to need a large lump sum money immediately. Hospitals are very expensive nowadays, even a small operation costs serious money that you cannot manage from monthly annuity payments. I personally believe “spending structured settlement for medical treatment purposes is the most useful use of annuity payments”.

Selling Structure Settlement for Real Estate investment

Real estate investment is the hottest investment today in the United States and all over the world. It promises the best returns most of the times. Why not sell your structured settlements for investing in real estate and make serious cash. It’s also a long-term investment which offers lump sum amount if you decide to sell.

Most of the people live on rent which is definitely lost money. Buying your own home you can be a proud owner and also you can get rent by renting your house and thus getting monthly rental payments.

Conclusion:

This is the last and most important step in selling structured settlements. To sell structured settlement you have to get it approved by the judge that selling is in your interest. All the reasons mentioned above are very good to sell structured settlement. Search online for the companies that offer structured settlements quotes.

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