Sell Annuity Payments Quickly, For Top Dollar, With No Hassles

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Sell Annuity Payments Quickly, For Top Dollar, With No Hassles
By Eliot Hobbs

What is a Structured Settlement Annuity?A structured settlement is an arrangement for periodic payment of compensation for injuries or sickness. An annuity is a payment of a fixed sum of money at regular intervals of time. Therefore a structured settlement agreement may sometimes be referred to as structured settlement annuity. The payments are usually paid by an insurance company as a result of a personal injury lawsuit.

The settling accident victim is often given a choice between a lump sum (for example $100,000) or a series of future payments (e.g. $1,000 per month for 240 months). The use of structured settlements has grown in popularity over the last 15 years as insurers have aggressively marketed them as a cost effective settlement tool. They are often very useful as settlement tools, however they suffer from one very serious drawback - inflexibility.

How Can I Sell My Annuity Payments?Several years into a structured settlement payout, a victim's life circumstances will have changed such that they need or desire a lump sum of cash. Settlement Purchasers provide a cash for structured settlements by re-financing a portion of the future payment in order to give the accident victim the lump sum they desire now.

If you are in a pending lawsuit that has not been settled, you may want to consider a lawsuit loan or lawsuit cash advance.

Lawsuit Loan, Lawsuit Funding, Lawsuit Cash Advance, Litigation Financing

If you are involved in a personal injury lawsuit or claim, it may take months, or even years to receive a settlement. Lawsuit Loans, Lawsuit Funding, Lawsuit Cash Advance, Litigation Financing provides cash to the plaintiff in a personal injury lawsuit prior to settlement. The funds are re-paid from the proceeds of the lawsuit settlement. Unlike personal loans there is no credit check and no employment verification required. These types of financial arrangements are non-recourse cash advances based on the merits of the case. The cash advance does not have to be paid back if the client loses the lawsuit.

Eliot Hobbs is an investor and commercial loan agent. More information can be found at http://www.EQmoney.com

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sell annuities for cash, sell structured settlements, structured settlement loans, certified structured settlement consultant
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Sell Annuities For Cash: Sell Retirement Annuities

sell annuities for cash, sell structured settlements, structured settlement loans, certified structured settlement consultant

When an employee retires after several years of work, the employer offers some financial monetary retirement benefits, like a pension or cash balance plan, as a gesture of gratitude for the employee’s service. Many retirees invest their retirement package in insurance companies by signing an agreement, according to which the insurance company acquires their retirement package and in return makes periodic payments to the retirees, who are the investors. That is, the insurance company ‘sells’ annuities to the retirees.

Although by buying an annuity the investor [retiree] is guaranteed periodic income, there’s one problem. Can the retiree use his annuity for an immediate financial need, like medical treatment? Although his whole retirement benefit package is with the insurance company, he cannot withdraw any part of the amount during the agreed time period, known as the ‘surrender period’, without paying ‘surrender charge fees’ as a penalty. Suppose he bought an annuity with a 5-year surrender period. If he wants to withdraw some amount, he may have to pay a 5 percent fee in the first year, 4 percent during the second year, and so on.

Considering this difficulty, the Federal and state governments have introduced provisions so that retirees can sell their annuity payments and obtain immediate cash. There are several finance companies that can buy a person’s annuities and pay them back in terms of immediate cash. The process works as follows:

The person approaches any appropriate finance company that can buy his annuity. The company offers several options that meet the person’s financial needs. Once the person selects the option, the company completes the application process. The applicant is provided with a disclosure statement and a contract, which he will sign and get notarized. The finance company collects the contract along with relevant documents, processes the application and submits it for approval to the court. The court reviews the application to confirm if it is in the best interests of the applicant. The companies are expected to follow all relevant state and federal laws in the process.

Once the court approves the application, the finance company notifies the applicant’s insurance company of the transfer. Cash is transferred to the applicant in just a few days. The retiree can use this money to meet any of his immediate or unexpected financial needs.
Sell Annuity Payments provides detailed information on Annuity Calculators, Annuity Leads, Cash For Annuity Payments, Sell Annuity Payments and more. Sell Annuity Payments is affiliated with Sell Annuity Settlement.

Article Source: http://EzineArticles.com/?expert=Ross_Bainbridge

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Sell Annuities For Cash: Structured Settlement Annuity Sale for Lump Sum - Should You Get Your Cash Now?

sell annuities for cash, sell structured settlements, structured settlement loans, certified structured settlement consultant

What If You Do Not Want to Wait for Your Structured Settlement Money?

When structured settlements are awarded from lawsuits such as product liability, personal injury, or accidents, in general an insurance company buys an annuity. This annuity pays a mixture of principal sum and an interest over an agreed period of time at a schedule that is agreed with the structured settlement payee. Having said that, the structured settlement recipients may be in a financial situation where the money is needed immediately and cannot wait for the cash to be paid in small sums. Fortunately, the structured settlements can be exchanged for a large lump sum payout for all or some of the recipients’ future annuity payments. You can basically sell small part or your entire future entitlements to be paid over the years for a lump sum of cash now.

Should You Sell Your Structured Settlement or Annuity Now for Cash?

A Structured Settlement is designed for paying out for the financial obligations over a period of time, but what if you need your money today? Selling your structured settlement or your annuity for cash can be a lifesaver in some situations and fortunately, there are a few reputable companies that can pay you a large lump sum in exchange for your future payments from structured settlement. However, how do you know if selling your annuity or structured payments is the best option for you? After all, every person's situation is different. If you are in debt or require cash immediately, it may be prudent to sell all or part of your entitlements. This can potentially save you hundreds, or thousands of dollars that you would otherwise have to pay in interest.

Whether you have already decided to sell your structured settlement or annuity for cash, do shop around for best deal! Getting a good deal when it comes to structured settlements or annuities does pay off. You may end-up with much more money in your pocket as few fractions of percentage can make a big difference over the years.
Go ahead and use the Internet for research on your structured settlement or annuity.
Rush over to the Structured Settlements vs. Lump Sum of Cash article at SaveHog.com lump-sum-structured-settlement.savehog.com section, where you will find a variety of valuable information about structured settlement and lump sum, as well as host of online resources, calculators and structured settlement companies that can provide you with a free quote on structured settlement lump sum.

Article Source: http://EzineArticles.com/?expert=Dave_Vesh

sell annuities for cash, sell structured settlements, structured settlement loans, certified structured settlement consultant