Structured Settlements – Pros and Cons

Structured Settlements – Pros and Cons

Many civil cases, particularly accident and personal injury lawsuits, never make it to trial because the parties reach a settlement agreement earlier in the litigation process. Generally, a settlement requires the plaintiff (person brining the lawsuit) to discontinue any further legal action in exchange for receiving a money payment from the defendant or the defendant’s insurance company. Settlement payments are usually lump-sum (all at once) or structured (regular payments over a period of time). A structured settlement is an arrangement…

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Annuities and Structured Settlements

Annuities and Structured Settlements

You’re unlikely to reach retirement age without somebody asking you about annuities. They want to know whether you considered buying one, and if they work for an insurance agency, they’re likely to try to sell you on the benefits of a lifetime income that annuities can provide. So, what exactly are annuities? Annuities are an insurance policies that behave like investments. Annuities offer a hedge against something bad happening to your money, like a huge loss in a stock market…

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How to Sell Your Annuity

How to Sell Your Annuity

When you purchased your annuity, you worked with a broker or other financial planner to build the policy to help you pay for the things you wanted in the future. If you inherited the annuity, your loved one worked with their advisor to try to plan for your future as well. However, sometimes your life changes in ways you couldn’t imagine back during those planning sessions. Maybe you’re looking to start your own business, invest in updating your home, or…

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What’s A Structured Settlement

What’s A Structured Settlement

Your only exposure to the term “structured settlement” may be late night TV ads hawking immediate access to your money. “It’s your money,” they’ll exhort. “Cash in your structured settlement and use your money now!” If you are (or were) a successful plaintiff in a lawsuit, your contact with structures may be more personal. You may have received one, be evaluating one now, or have considered one but opted for cash. But what should you know? Even if you already…

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The Difference Between an Annuity and Structured Settlement

The Difference Between an Annuity and Structured Settlement

The annuity and the structured settlement are two legal mechanisms used to pay out money to a person. There’s a big difference between the two, though. You need to be aware of the ins and outs of both of them if you’re going to be able to choose between the two. There’s no doubt that structured settlements have been on the increase. This makes it even more critical that you find out about them now. By reading this guide you’re…

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Finding The Right Buyer Of Annuity Structured Settlement

Finding The Right Buyer Of Annuity Structured Settlement

Innumerable people in the United States have structured settlement payments. From annuities to lottery winnings, compensations for personal injury to payments of insurance coverage, structured settlement payments are the most commonly opted for strategy for most financial companies, insurance providers and even some banks in many cases. Not always would structured settlements payments be desirable but in most cases it becomes the only option at the time. While you may be better off agreeing to such norms at the time,…

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Want structured settlement cash now

Want structured settlement cash now

Looking for cash to stay afloat? You’re not alone. There are those who have a need for money and will turn to some unusual places to get it. Selling annuities, structured settlements, scheduled lottery payoffs or other ongoing payments for cash became more popular during the recession. But if you’re still feeling the cash crunch, this tactic is a potential option. Unless the financial predicaments are dire, most financial advisers recommend against cashing in annuities or structured settlements. Selling off…

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How to Cash in a Structured Settlement

How to Cash in a Structured Settlement

Once you’ve made the decision to sell all or a portion of your structured settlement, it’s time to get the ball rolling and turn those future payments into cash today. The process can see daunting if you’ve never done it or thought about doing it before but it’s actually pretty simple. Start by doing your own research. It’s important to understand what a structured settlement is and how your particular settlement is structured. Start by finding your settlement paperwork either…

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The Foundation Of Structured Settlements

The Foundation Of Structured Settlements

A structured settlement is a a financial or insurance agreement that a claimant accepts in the case of personal injury, rather than taking a lump sum payment. Settlements usually arise from some legal claim, and provide a person with a specific amount of capital for a fixed period of time. But what about emergency situations in which the structured payments aren’t enough to cover expenses? Although structured settlements can provide comfort for a period of time, this method of payment…

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What Is a Structured Settlement and Should You Choose One

What Is a Structured Settlement and Should You Choose One

Personal injury plaintiffs who win or settle their cases can often choose to take their winnings as a one-time lump sum or as a series of payments over a period of time. This series of payments is called a structured settlement. Whether you should opt for a lump sum payment or a structured settlement will depend on many factors, including your tax liability, how you plan to spend the money, and whether you need assistance in managing a large sum…

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