Selling future annuity payments has become commonplace in the industry. Many annuity recipients, particularly in the challenging economy can tap into their future income stream by transferring their payments. A settlement company will purchase those payments and give you the option to sell all or just a portion of your future payments. They will work with you to create a plan that works to meet your short term and long term financial needs.
Payments for a structured settlement annuity can be made for the duration of the life of the claimant. The amount paid can comprise of equal installments, installments of varying amounts, and lump sums. The payments from a Structured Settlement Annuity are free from income-tax and are guaranteed by contract. Since a structured settlement annuity is meant for long-term financial security, it is important to get an assurance of the credentials of the annuity provider.
Definition: Structured settlements are financial settlement award to an injured party that provides ongoing payments typically over many years. The settlement recipient will receive recurring payments that often are paid out monthly, quarterly or annually. If you are receiving future payments and would like to consider selling them for cash today, give us a cal and tell us how we can help you.
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