When you first receive notice that you will get a structured settlement, you have a decision to make. That settlement can provide guaranteed income for years to come. However, if you need your money now, you can opt to sell the rights to your settlement payments and receive a lump sum instead from a buyer of structured settlement payments.
Structured Settlement Money
A structured settlement annuity is typically an amount of money, which is designated by a contract with an insurance company that is paid out over a length of time. Many times these annuities are a result of a lawsuit related to personal injury and due to actions from a court appearance.
It’s not always convenient for you to get payments over a drawn-out time period, especially if you have a large expense that needs to be paid or if you want to buy something that requires a large down payment. It may be more ideal for you to sell your structured settlement payments to a third-party, who will give you a large lump sum in exchange for the structured settlement money.
Filed under Structured Settlement Money
Structured Settlement Manager
The Settlement Manager is a site dedicated to providing pertinent information to structured settlement recipients. Whether an annuitant needs information on selling structured settlement payment rights or needs to find out their rights as a structured settlement recipient, SettlementManager.com can help.
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Filed under SettlementManager.com, Structured Settlements