Structured Settlement Help
Sell Structured Settlement Annuities
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Structured Settlement Annuities
What is the difference between a Structured Settlement & an Annuity?
This is another question we frequently get so want to clear up this point. There are really two related things not mutually exclusive.
A structure is - when an injured party is offered a settlement and they select to go with a settlement that will pay them out over time (many years) rather than a one time cash award. The settlement is not a one time, lump sum payment rather it is set up to make recurring payments of many years to meet the injured parties ongoing financial needs. The settlement is offered by and set up by the defendant in a lawsuit which is an insurance company representing the person actually responsible for whatever accident occurred.
When the option for a structure is selected the defendant (insurance company) will purchase an annuity for the injured party which will make the payments. The amount of the payments are set up to best meet the requirements of the injured party for many years to come.
By in large this type of agreement is very successfully executed to the great benefit of the plaintiff. In 90-95% of cases the recipient of a structure will keep the agreement intact through the entire term of the agreement. However, in the rare cases when a need arises, the agreement terms are not flexible to help one that has a need for more cash. This can be frustrating for the recipient as they may have a settlement for millions of dollars but they are receiving monthly payments and they can not access a larger lump sum even if an important need arises. Because of this a new industry was born in the 1980’s to help those that have a settlement to convert their future payments to cash. So it is possible to sell your payments and get a lump sum. You even have options and can determine how many payments you wish to sell so you can get a lump sum now and still keep many of the future payments for down the road.
This website is set up answer your questions – if you want more information on structured settlement annuities or need more information on how to convert your payments to cash you can either fill out the form on the top right of the screen. Or email us at info@structuredsettlementhelp.com We will do our best to promptly answer your questions and provide expert guidance as you go through the decision making process of what is best for you.
When the option for a structure is selected the defendant (insurance company) will purchase an annuity for the injured party which will make the payments. The amount of the payments are set up to best meet the requirements of the injured party for many years to come.
By in large this type of agreement is very successfully executed to the great benefit of the plaintiff. In 90-95% of cases the recipient of a structure will keep the agreement intact through the entire term of the agreement. However, in the rare cases when a need arises, the agreement terms are not flexible to help one that has a need for more cash. This can be frustrating for the recipient as they may have a settlement for millions of dollars but they are receiving monthly payments and they can not access a larger lump sum even if an important need arises. Because of this a new industry was born in the 1980’s to help those that have a settlement to convert their future payments to cash. So it is possible to sell your payments and get a lump sum. You even have options and can determine how many payments you wish to sell so you can get a lump sum now and still keep many of the future payments for down the road.
This website is set up answer your questions – if you want more information on structured settlement annuities or need more information on how to convert your payments to cash you can either fill out the form on the top right of the screen. Or email us at info@structuredsettlementhelp.com We will do our best to promptly answer your questions and provide expert guidance as you go through the decision making process of what is best for you.
with No Obligation"