Cash For Life Insurance Settlements

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Life insurance is a popular policy investment sold by various insurance companies. In order to safeguard personal interests and those of the family, a large number of people opt to purchase a life insurance. In due course of time, if a policyholder is diagnosed with a terminal illness, the insurance company is legally bound to recompense the person. In case of an incurable ailment, policyholders need to spend on expensive medical treatment, to ensure comfort for the remaining years of their life. These medical expenses can be huge and policyholders may choose to cash in, on their life insurance. This is termed as a 'viatical' settlement and a number of investors are willing to pay for them.

In this agreement, a terminally ill policyholder sells his life insurance at a discounted rate. This settlement provides ready cash and is a legal exchange. People opt for such settlements as they eliminate the risk of handing over personal assets for cash. In such an exchange, policyholders need to name the investors as beneficiaries in case of death. They cash in on such investments, when the person dies. The investors are only concerned with their profitability or return on investments and this depends upon the life expectancy of the policyholder.

The rate of return is unpredictable and in case of longer life expectancy, returns are lower. A number of people choose cash for life insurance settlements. This is logical, as risking other assets for cash jeopardizes the situation of the surviving family members. The need for cash is optimum when diagnosed with a terminal illness. Money is needed for treatment that can help slow or partially control the spread of the disease. Investors examine medical records, diagnosis and prognosis to confirm the seriousness of the illness before providing cash for life insurance settlements.

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Cash For Your Structured Settlement

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Sometimes when a plaintiff settles a case for a large sum of money, the defendant, the plaintiff's attorney, or a financial planner consulted in association with the settlement, will propose paying the settlement in installments over time rather than in a single lump sum. When a settlement is paid in this manner it is called a "structured settlement".

There are some settlement purchasing companies who are interested in paying the individual a lump sum amount for receiving the rights to receive a structured settlement; the lump sum amount offered is a discounted amount. The individual who gets the lump sum amount can use this amount for buying a house or automobile or pay for schooling etc. Under normal circumstances the payment would be done on the fixed intervals agreed to between the two parties and the individual would not be able to purchase items such as house, car etc.

The recipient of a settlement may have his own reasons for considering cashing of the structured settlement. Some possible reasons are as follows.

1. He needs large amount of cash due to sudden financial problems
2. He might have found an investment opportunity which delivers a better long-term profit.
3. He may be planning to diversify his investment portfolio instead of depending on a single annuity

Another major advantage of selling the settlement is that future annuity payments will have reduced value because if inflation increases; a lump sum amount at present acts as a hedge against inflation

The purchaser of annuity has a profit motive in his mind plus he must consider the inflation effect in the value of the annuity. Considering these two aspects, he will be purchasing the annuity at a discounted rate and this rate will be equivalent to the bank rate at the minimum level. In fact, he may charge more taking his profit level into account. These are complex issues and a common man will find it difficult to understand the implications of various decisions. It is advisable to speak to an independent adviser who has the capability to analyze the pros and cons of selling the annuity before taking a final call on this. The adviser will take into account the individual's income stream, hard assets and debts and decide whether a lump sum payment now is better or worse than receiving annuity payments under the structured settlement.

There are various options one could consider for settlement with settlement purchasing companies. These are as follows:

1. Full Structured Settlement Payment as a lump sum payment at a discounted rate
2. Partial Settlement Payment as a lump sum payment
3. Shared Structured Payment

The individual may sell only a part of his annuity in lieu of getting a lump sum amount required for meeting his immediate needs; in this case he will be able to get regular annuity payments at a reduced rate. The decision for this must into consideration the individual's requirement, debt loads, educational costs, potential investment or business opportunities, etc. and a proper financial plan to be created.

In case the current debts of the individual are large and there is an immediate pressure to repay such debts one has to necessarily resort to a full payment option which will relieve him of the burden. The individual wanting to sell his equities must be careful while selling annuities that are structured to pay out long-term as the inflation and currency depreciation provisions ensure that they don't pay out as much overall as short-term annuities.

In case the current debts of the individual are small and there is immediate pressure to repay such debts one may resort to a partial payment arrangement which is a better option. Under these circumstances the individual can trade a certain number of payments to be exchanged for a lump sum paid to the individual up front. Alternately one can sell off a portion, or all, of a particular payment that is due for payment in the near future, but not soon enough to meet the individual's debt payment or expense needs. This can be explained with an example. Suppose you have to pay your child's tuition fees now and your annuity is likely to mature after another three months you could try for a partial payment.

The judgment on structured payment has been awarded through the court and hence any change on court's verdict requires court approval. Hence it is essential to get court approval in order to sell all or a portion of your structured settlement. Further, there could be state and federal restrictions on transfers of settlement. Before taking any final decision one should consider a number of potential annuity purchasing companies, keeping in mind the discount rates offered, the background and references of particular companies and the amount of cash needed and to be obtained, versus the amount of the annuity, if any, to be retained by the individual.

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Cash For Your Structured Settlement

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Sometimes when a plaintiff settles a case for a large sum of money, the defendant, the plaintiff's attorney, or a financial planner consulted in association with the settlement, will propose paying the settlement in installments over time rather than in a single lump sum. When a settlement is paid in this manner it is called a "structured settlement".

There are some settlement purchasing companies who are interested in paying the individual a lump sum amount for receiving the rights to receive a structured settlement; the lump sum amount offered is a discounted amount. The individual who gets the lump sum amount can use this amount for buying a house or automobile or pay for schooling etc. Under normal circumstances the payment would be done on the fixed intervals agreed to between the two parties and the individual would not be able to purchase items such as house, car etc.

The recipient of a settlement may have his own reasons for considering cashing of the structured settlement. Some possible reasons are as follows.

1. He needs large amount of cash due to sudden financial problems
2. He might have found an investment opportunity which delivers a better long-term profit.
3. He may be planning to diversify his investment portfolio instead of depending on a single annuity

Another major advantage of selling the settlement is that future annuity payments will have reduced value because if inflation increases; a lump sum amount at present acts as a hedge against inflation

The purchaser of annuity has a profit motive in his mind plus he must consider the inflation effect in the value of the annuity. Considering these two aspects, he will be purchasing the annuity at a discounted rate and this rate will be equivalent to the bank rate at the minimum level. In fact, he may charge more taking his profit level into account. These are complex issues and a common man will find it difficult to understand the implications of various decisions. It is advisable to speak to an independent adviser who has the capability to analyze the pros and cons of selling the annuity before taking a final call on this. The adviser will take into account the individual's income stream, hard assets and debts and decide whether a lump sum payment now is better or worse than receiving annuity payments under the structured settlement.

There are various options one could consider for settlement with settlement purchasing companies. These are as follows:

1. Full Structured Settlement Payment as a lump sum payment at a discounted rate
2. Partial Settlement Payment as a lump sum payment
3. Shared Structured Payment

The individual may sell only a part of his annuity in lieu of getting a lump sum amount required for meeting his immediate needs; in this case he will be able to get regular annuity payments at a reduced rate. The decision for this must into consideration the individual's requirement, debt loads, educational costs, potential investment or business opportunities, etc. and a proper financial plan to be created.

In case the current debts of the individual are large and there is an immediate pressure to repay such debts one has to necessarily resort to a full payment option which will relieve him of the burden. The individual wanting to sell his equities must be careful while selling annuities that are structured to pay out long-term as the inflation and currency depreciation provisions ensure that they don't pay out as much overall as short-term annuities.

In case the current debts of the individual are small and there is immediate pressure to repay such debts one may resort to a partial payment arrangement which is a better option. Under these circumstances the individual can trade a certain number of payments to be exchanged for a lump sum paid to the individual up front. Alternately one can sell off a portion, or all, of a particular payment that is due for payment in the near future, but not soon enough to meet the individual's debt payment or expense needs. This can be explained with an example. Suppose you have to pay your child's tuition fees now and your annuity is likely to mature after another three months you could try for a partial payment.

The judgment on structured payment has been awarded through the court and hence any change on court's verdict requires court approval. Hence it is essential to get court approval in order to sell all or a portion of your structured settlement. Further, there could be state and federal restrictions on transfers of settlement. Before taking any final decision one should consider a number of potential annuity purchasing companies, keeping in mind the discount rates offered, the background and references of particular companies and the amount of cash needed and to be obtained, versus the amount of the annuity, if any, to be retained by the individual.

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Cash For Life Insurance Settlements

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Life insurance is a popular policy investment sold by various insurance companies. In order to safeguard personal interests and those of the family, a large number of people opt to purchase a life insurance. In due course of time, if a policyholder is diagnosed with a terminal illness, the insurance company is legally bound to recompense the person. In case of an incurable ailment, policyholders need to spend on expensive medical treatment, to ensure comfort for the remaining years of their life. These medical expenses can be huge and policyholders may choose to cash in, on their life insurance. This is termed as a 'viatical' settlement and a number of investors are willing to pay for them.

In this agreement, a terminally ill policyholder sells his life insurance at a discounted rate. This settlement provides ready cash and is a legal exchange. People opt for such settlements as they eliminate the risk of handing over personal assets for cash. In such an exchange, policyholders need to name the investors as beneficiaries in case of death. They cash in on such investments, when the person dies. The investors are only concerned with their profitability or return on investments and this depends upon the life expectancy of the policyholder.

The rate of return is unpredictable and in case of longer life expectancy, returns are lower. A number of people choose cash for life insurance settlements. This is logical, as risking other assets for cash jeopardizes the situation of the surviving family members. The need for cash is optimum when diagnosed with a terminal illness. Money is needed for treatment that can help slow or partially control the spread of the disease. Investors examine medical records, diagnosis and prognosis to confirm the seriousness of the illness before providing cash for life insurance settlements.

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Structured Settlement Cash and Working With a Broker

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If you were a claimant in a lawsuit and were awarded monetary damages, you may have agreed to a structure settlement instead of one large lump sum payment. This payment provides regular installment payments to you over time. This type of financial agreement has many advantages and was beneficial to you at the time that it was set up. However, it is possible that circumstances changed, and you need a large lump sum payment to meet new financial obligations. It is possible to sell your settlement amount and the best way to do that is through a broker.

If you are currently receiving installment payments because you agreed to a settlement, and now you are in need of a greater sum of cash, you can sell your structured settlement and receive structured settlement cash. You can choose to sell the entire structured settlement for one lump sum minus the fee that will be charged to complete the deal by a structured settlement broker, or you can sell only a portion of the structured settlement. In that case, you will continue to receive installment payments for the monetary amount that remains part of the structured settlement. You will receive a lump sum payment for the part of the structured settlement that you sell.

When you get structured settlement cash, it is like getting an advance on the money that is owed to you. The broker charges a fee for his services that can range from 10% to 50% of the money you want advanced. However, even though you are receiving your money at a discounted rate, you now have the use of that money immediately.

Personal injury lawsuits often involve settlements for very large sums of cash. Cases involving medical malpractice and wrongful death can often have settlements that range in amount from six to seven figures. These large settlements can have major tax ramifications so it is beneficial to the claimant to receive these funds in installment payments over time. Structured settlement payments spread over time involve little or no tax at all. In addition, installment payments guarantee a steady flow of income on a regular basis. Many individuals find it easier to manage money in installments rather than receiving a large lump sum all at once.

Circumstances in your life can change, and you may find that the amount of money you receive on a regular basis from the structured settlement does not allow you to meet your obligations on larger bills such as the purchase of a new house or education expenses. If you receive structured settlement cash in a large lump sum, it will make it possible for you to meet these new financial obligations. In addition, you may notice that the installment payment amount is not keeping up with inflation, and you may decide that receiving cash now is better than receiving installment payments in the future.

If you decide that selling your settlement money is in your best interest, you need to find a reputable broker who can help you through the process. A broker acts as a consultant, provides an assessment, prepares calculations and plays an active role during negotiations to sell the structured settlement. The information that a good broker provides during negotiations helps both sides reach an equitable agreement.

To help the claimant, the broker prepares a financial analysis and then determines the present value cost of the settlement. He or She provides expert support and information in calculations involving Medicaid and SSI as well as issues involving income tax. Because a great deal of financial expertise is required, apart from the brokers help your accountant or bank would be a good source for a recommendation.

As you work with a structured settlement broker, you should find out what the total cost of selling the settlement payment will be and how long it will take to sell the same. It is important for you to have multiple deals to choose from so make sure your broker can provide details about multiple opportunities. This will help insure that you are getting the best deal possible. Throughout this selling process, it is vitally important that the channels of communication between you and your broker be open. You should be able to communicate with your broker easily and often, if necessary.

You should retain the services of a qualified broker who is registered with the United States Department of Justice. These settlements are set up by the courts and each state has its own laws. In addition, there are federal guidelines that must be followed under the tax code. You can receive structured settlement cash when you sell your structured settlement, but the process requires court approval. Complicated transactions like selling a structured settlement should always be reviewed by an attorney who will represent your best interests.

It is important to research the broker's qualifications and experience. The broker you choose should be registered with the United States Department of Justice and be affiliated with at least one insurance company. The Civil Division of the United States Department of Justice actually publishes a "List of Annuity Brokers Who Meet Minimum Qualifications for Providing Annuity Brokerage Services in Connection with these settlements. The list for any specified year is in effect until it is replaced by another update. This list of brokers is alphabetical by their last name and provides the city and state where they are located.

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Cash For Life Insurance Settlements

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Life insurance is a popular policy investment sold by various insurance companies. In order to safeguard personal interests and those of the family, a large number of people opt to purchase a life insurance. In due course of time, if a policyholder is diagnosed with a terminal illness, the insurance company is legally bound to recompense the person. In case of an incurable ailment, policyholders need to spend on expensive medical treatment, to ensure comfort for the remaining years of their life. These medical expenses can be huge and policyholders may choose to cash in, on their life insurance. This is termed as a 'viatical' settlement and a number of investors are willing to pay for them.

In this agreement, a terminally ill policyholder sells his life insurance at a discounted rate. This settlement provides ready cash and is a legal exchange. People opt for such settlements as they eliminate the risk of handing over personal assets for cash. In such an exchange, policyholders need to name the investors as beneficiaries in case of death. They cash in on such investments, when the person dies. The investors are only concerned with their profitability or return on investments and this depends upon the life expectancy of the policyholder.

The rate of return is unpredictable and in case of longer life expectancy, returns are lower. A number of people choose cash for life insurance settlements. This is logical, as risking other assets for cash jeopardizes the situation of the surviving family members. The need for cash is optimum when diagnosed with a terminal illness. Money is needed for treatment that can help slow or partially control the spread of the disease. Investors examine medical records, diagnosis and prognosis to confirm the seriousness of the illness before providing cash for life insurance settlements.

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Cash For Your Structured Settlement

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Sometimes when a plaintiff settles a case for a large sum of money, the defendant, the plaintiff's attorney, or a financial planner consulted in association with the settlement, will propose paying the settlement in installments over time rather than in a single lump sum. When a settlement is paid in this manner it is called a "structured settlement".

There are some settlement purchasing companies who are interested in paying the individual a lump sum amount for receiving the rights to receive a structured settlement; the lump sum amount offered is a discounted amount. The individual who gets the lump sum amount can use this amount for buying a house or automobile or pay for schooling etc. Under normal circumstances the payment would be done on the fixed intervals agreed to between the two parties and the individual would not be able to purchase items such as house, car etc.

The recipient of a settlement may have his own reasons for considering cashing of the structured settlement. Some possible reasons are as follows.

1. He needs large amount of cash due to sudden financial problems
2. He might have found an investment opportunity which delivers a better long-term profit.
3. He may be planning to diversify his investment portfolio instead of depending on a single annuity

Another major advantage of selling the settlement is that future annuity payments will have reduced value because if inflation increases; a lump sum amount at present acts as a hedge against inflation

The purchaser of annuity has a profit motive in his mind plus he must consider the inflation effect in the value of the annuity. Considering these two aspects, he will be purchasing the annuity at a discounted rate and this rate will be equivalent to the bank rate at the minimum level. In fact, he may charge more taking his profit level into account. These are complex issues and a common man will find it difficult to understand the implications of various decisions. It is advisable to speak to an independent adviser who has the capability to analyze the pros and cons of selling the annuity before taking a final call on this. The adviser will take into account the individual's income stream, hard assets and debts and decide whether a lump sum payment now is better or worse than receiving annuity payments under the structured settlement.

There are various options one could consider for settlement with settlement purchasing companies. These are as follows:

1. Full Structured Settlement Payment as a lump sum payment at a discounted rate
2. Partial Settlement Payment as a lump sum payment
3. Shared Structured Payment

The individual may sell only a part of his annuity in lieu of getting a lump sum amount required for meeting his immediate needs; in this case he will be able to get regular annuity payments at a reduced rate. The decision for this must into consideration the individual's requirement, debt loads, educational costs, potential investment or business opportunities, etc. and a proper financial plan to be created.

In case the current debts of the individual are large and there is an immediate pressure to repay such debts one has to necessarily resort to a full payment option which will relieve him of the burden. The individual wanting to sell his equities must be careful while selling annuities that are structured to pay out long-term as the inflation and currency depreciation provisions ensure that they don't pay out as much overall as short-term annuities.

In case the current debts of the individual are small and there is immediate pressure to repay such debts one may resort to a partial payment arrangement which is a better option. Under these circumstances the individual can trade a certain number of payments to be exchanged for a lump sum paid to the individual up front. Alternately one can sell off a portion, or all, of a particular payment that is due for payment in the near future, but not soon enough to meet the individual's debt payment or expense needs. This can be explained with an example. Suppose you have to pay your child's tuition fees now and your annuity is likely to mature after another three months you could try for a partial payment.

The judgment on structured payment has been awarded through the court and hence any change on court's verdict requires court approval. Hence it is essential to get court approval in order to sell all or a portion of your structured settlement. Further, there could be state and federal restrictions on transfers of settlement. Before taking any final decision one should consider a number of potential annuity purchasing companies, keeping in mind the discount rates offered, the background and references of particular companies and the amount of cash needed and to be obtained, versus the amount of the annuity, if any, to be retained by the individual.

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Cash for Personal Injury Settlements

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Your pain and suffering damages will most likely be minimized if you involve insurance companies in your personal injury settlement. insurance companies give lower compensation because they intend to keep as much money as possible for themselves. To you, personal injury settlements are personal, but to them they are purely business.

Before insurance companies offer compensation, they will try to evaluate how serious the injury is. Usually, the less serious and costly the injury is, the better compensation offer you will receive. On the other hand, if the injury is more severe and costly, the insurance company will have to take the following information into account first: present and future medical needs, permanent disability benefits, physical impairment and/or disfigurement, lost income, loss of family member(s), loss of social or educational experiences, and pain and suffering such as post-traumatic stress disorder, loss of marital relations, depression, anxiety, embarrassment, stress, and property damage.

Knowing the cost of compensation

Insurance companies formulate your compensation cost by adding up several items in a formula which includes all the injury-related medical expenses. These are then multiplied by a number between 1.5 (for less severe injuries) and 5 (for more serious damage), and then added to the lost income due to the injury. Being aware of this information will help you negotiate your case and not be deceived by anyone.

Personal injury compensation also depends on which part of the country you live in. If you are in a low cost-of-living area where wages and expenses are basically lower than that of a high cost area, then your compensation will also be low.

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How To Get Cash For Structured Settlement Payment Now

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You can quickly and easily get cash for structured settlement payment from a qualified note buyer. It is much less of a hassle than getting a loan from a bank or other lending institution and also removes the risk of carrying a long term annuity.

Structured settlements are arranged for injury victims as a resolution to a court case. It is a financial arrangement, set up as an annuity, whereby the victim receives a set amount of money each and every month for a set amount of years to cover damages, loss, expenses, etc. It usually works out favorably for both parties, as the victim is receiving steady compensation and the defendant can make smaller monthly payments rather than have to go out of pocket up front.

However, many victims would rather receive cash for structured settlement payments rather than wait for a smaller check each month. They might find themselves in need of immediate money for a new investment, a large purchase or even retirement. Maybe they don't want to carry the risk that somewhere down the road the payer defaults for one reason or another.

Whatever the case may be, cash for structured settlement payment is a viable option for those needing a pool of money in the short term. And there are many reputable, qualified note buyers out there who can pay you top dollar for your annuity.

It's important to remember that you don't have to sell your entire annuity. Rather you can sell just a portion and retain the rest of the monthly income. For example, let's say you have a $100,000 structured settlement, paying over the course of 10 years. You might need $25,000 right now for investment purposes. Well you can sell $25,000 worth of payments (however many months of payments it works out to) and once those are over, you resume receiving your monthly checks for the balance.

So in essence you are getting cash for structured settlement payments AND keeping the rest of your annuity as it was. There are also various other options you can take advantage of, and an experienced note buyer will go over all of these with you.

If you are considering selling your structured settlement, make sure you consider all of your options and choose the one that works best for your financial situation. Receiving cash for structured settlement payment is a wise choice for immediate income, decreased risk exposure and peace of mind!

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Structured Settlements: Cash Them Out?

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Structured settlement payments are a type of payment a party receives upon receiving a favorable decision during legal proceedings. As part of the courts ruling, one party is ordered to make financial compensation to the other party. Often times, the amount of the compensation awarded is spread out over time. Structured settlements are payments arranged in this fashion.

Many people choose to receive a structured settlement payment over time instead of a lump sum payment if they know then will need cash payments for expenses in the future. Also, the court will sometimes award structured settlements on behalf of the party required to make the payments. Setting up payments like this has the benefit of guaranteeing payments over a long period of time to the person receiving them, and lessening the financial hardship of the party required to make the payments.

People receiving structured settlements have the option of selling their entitlements to third party companies. When they do this, a company will purchase their settlement contract for less than the total value, and usually offer a lump sum payment. If, for instance, a person were receiving $100 per month for the next 60 months, or $6,000 total, a company could offer to pay the individual a lump sum payment of $5,000. The individual will receive less total money overall than if they chose to continue to collect their payments over time, but they will have $5,000 immediately instead of having to wait for the next 50 months to have that same amount of money.

Structured settlement companies make their profit by purchasing the structured settlement for less than the amount that they will collect. People choose to sell their settlements for a variety of reasons, including:

• Making down payments on large purchases
• Purchasing a car
• Paying for education.
• Buying a house

There are a ton of reasons one would elect to sell their payments in order to receive a large, immediate lump sum payment. Structured settlement transactions must meet strict guidelines and legal restrictions in order to be completed successfully, and for this reason it is best to secure the services of a reputable structured settlement company before making any decisions.

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Accident Structured Settlements - All You Need to Know For 2009

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You may have had a terrible auto accident and it wasn't your fault. Finally you received a fair compensation of money called an accident structured settlement. It may have taken years to get your accident case settled. Pain and suffering was almost intolerable. Now you are starting to get better. Accident structured settlements often come with cash up front to cover most of your immediate bills and then the rest of the settlement is scheduled out for payments. The time is over 5, 10 or 20 years depending on the settlement. This may have sounded good when you finalized the settlement in court, but now the money is not adding up well for you. Your accident structured settlement may be paying you $600 per month for the next 15 years. This may seem good in the start, but now after injuries start to heal you find out that other long-term injuries may have set in the terms seem bad now. You may have to go to chiropractor or message every week these related new expenses add up over time. You may have to go to therapy every week, buy special equipment and pay for transportation. You may have spent money from your savings, 401k, family funds, and just a few years after the accident you may be out of saved money. Other expenses can be on:

Side treatments
Intermittent time off and other injury rehab costs
Education costs
Household expenses may need to be paid from past due amounts
New home or mortgage payments
Furniture
Disaster recovery
Medical bills piled up
Transportation

Over the last few years the injuries from your accident may have stopped your ability to do house repairs, lawn work and other past easy things. These once easy things now cost more money to get done you can't do them yourself anymore. The bills after the accident may have piled up again from the abilities that you have lost. The $600 per month now doesn't go very far. Because of off and on injury pain, consistent work may have been impossible. So the bills continue to pile up. You think enough is enough! There are accident structured settlement cash solutions. Many people like you are getting their life back now with new changes in the law. Years after your accident you find out you need more money again just to get out of the fast hole you have gotten into. make sure you get all your questions answered when talking to these companies. It is very important that they explain clearly your rights and your state's options. Make sure a reasonable lump sum is offered for your future payments.

Check online for Present Value of Money calculators to cross check the company's offers. Only do a deal with a well established finance company or one that you are sure you can trust. Now the laws are updated so that it permits a judge's court order for the need of cash. Finally, you get the cash and clear head resolution you need from your accident structured settlement. Until recently accident structured settlements were pretty much locked in to the low payments over the specified term. As of 2008 most states permit by a court order, payments to be exchanged for cash. Now the state laws have updated and people are now in most states able to sell their accident structured settlement future payments to a factoring finance company for large amounts of cash though it would be less than the long term value of your payments.

This is great news so you can now get out of the financial mess from piled up bills. There are many factoring finance companies trying to buy injury settlements, just Google the phrase- Accident Structured Settlements - and you'll see a whole bunch of companies advertising to buy your future settlement annuity payments. More sites that talk about purchasing of future settlement payments in exchange for a lump sum that I found on Google include: a Structured Settlement Finance site, Stone Street, J G Wentworth, PPI Cash- structured settlement funding, Peachtree Funding, Novation Capital and many others. Search on Google to see the many like these. The settlements are mostly in the form of an annuity.

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Getting Quick Cash for Your Structured Settlement

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Just because you received a structured settlement for your lawsuit, it doesn't mean you have to wait for years to get the money. There are many settlement purchasing companies that will give you instant cash for your structured settlement. These companies can pay cash for the entire structured settlement or purchase your remaining periodic settlement payments. You can spend this lump-sum payment on anything-a house, college tuition, business investments or debts.

What Is a Structured Settlement?

A structured settlement, which typically results from a personal injury lawsuit, is an agreement where you consent to accept payments over time in exchange for the release of liability for your claim. A structured settlement can provide payments in almost any manner you choose. For example, the settlement may be paid in annual installments over a number of years or in periodic payouts every few years.

These payments are generally awarded through the purchase of one or more annuities from a life insurance company. Structured settlements can also be used with lottery winnings, contest prize money and other situations with substantial cash awards.

Structured Settlements Not Always the Best Fit

In theory, structured settlements are designed to provide long-term financial security to injury victims through tax-free payments. And for most people, the agreed-upon structured payment plan initially makes sense. However, a financial emergency, a business opportunity, an unforeseen medical expense, or a house purchase can put a strain on the injured party's finances.

And the structured nature of the settlement may become too restrictive to cover major financial purchases. Also, a structured settlement may not be the best option for investing. There are many other investment vehicles that can generate greater long-term return than the annuities used in structured settlements. Therefore, some people may be better off getting cash for their structured settlement and then building their own investment portfolio.

How Getting Cash for a Structured Settlement Works

If you receive an award from your injury case, an attorney or financial advisor will likely recommend setting up periodic installment payments instead of giving you a lump sum of cash up front for your structured settlement. Then, an independent third party will purchase an annuity that will provide you with tax-free periodic payments.

Companies that offer cash for structured settlements have a variety of programs that can allow you to access any portion of your annuity. For example, you may want to sell as little as four year's worth of payments or receive a lump-sum payment while still enjoying some portion of your monthly payment. Or you can sell your settlement for a large payment that is five or six years in the future. You can also customize an arrangement to get cash for a structured settlement based on your unique needs.

Here's an example of how obtaining cash for a structured settlement works: Let's say you were in an accident five years ago. The accident caused you to be hospitalized for several months and undergo nearly a year's worth of physical therapy. So you hired an attorney and sued the responsible individual-or, rather, the person's insurance company. Ultimately, your attorney advises you that you'll be awarded a substantial sum of money.

After several months or years of negotiation, you receive a sizable settlement. However, the cash you get upfront is only enough to cover the medical expenses. The rest of your compensation is scheduled to be paid out in regular installments through an annuity over the next 15 to 30 years. Rather than being restricted to monthly or annual payments, you contact a settlement purchaser to secure immediate cash for your structured settlement. You're then able to use the cash to enhance your current cash flow-rather than waiting on periodic future payments.

Legal Issues of Receiving Cash for a Structured Settlement

If you're contemplating getting cash for your structured settlement, it's important to contact a financial advisor. Most states have regulations that limit the sale of structured settlements, so you'll need court approval to receive cash for your structured settlement. Federal restrictions also may affect the sale of structured settlements to a third-party individual. And some insurance companies won't transfer annuities to third parties.

Also, before you attempt to obtain cash for a structured settlement, be sure to do your homework. Check out multiple companies to see which one can offer you the most cash for your structured settlement. You also want to examine their integrity, reputation and track record. This will help ensure you have the most positive experience obtaining cash for your structured settlement.

Receiving cash for a structured settlement is an ideal option if you need a lump sum of money to meet your immediate needs.

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Cash Life Insurance Settlements

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Cash life insurance settlement refers to a cash settlement for relinquishing the life insurance policy of a person for several reasons, like medical treatment, incapacity to afford premiums, poor performance of the policy, and so on. Generally Cash Life insurance Settlement companies purchase life insurance policies from individuals, trusts and companies and award a fixed percentage of the policy amount to the policy seller. Then the Company will become the owner and beneficiary of the policy and when the policy owner dies or when the policy matures, the Company collects the full amount of the policy. Therefore obviously, the difference between the amount that the Company has paid to the policy owner and the amount it has received from the Insurance Company will be the income to the Company on that particular insurance settlement transaction. Cash Life Insurance settlement companies offer higher amounts on the insurance settlements than the insurance companies.

Owing to several reasons, insurance policy owners may go for cash life settlements. If the policy owner is in great need of money for emergency situations or for meeting expensive medical treatment, he/she may choose cash life settlements. Similarly if the policy owner thinks that the policy is no longer serving his needs, if he wants to invest that amount in some other better policy or if he wants to supplement the policy amount along with his other retirement benefits, then he can opt for cash life settlements. On the other hand, some policyholders wish to have inheritance cash advances in which the heirs of the policyholder receive a portion of the policy amount now itself instead of waiting until the holder dies.

Generally cash life insurance settlements are availed by only those people who carry life insurance policy worth of minimum one hundred thousand dollars in U.S.A. Moreover senior cash life settlements are availed by those people whose age is above sixty-five years and whose policy amount exceeds one hundred thousand dollars. There are some cash life settlement brokers who will bid on the policy. However it is up to the policy owner to accept or reject the offer made by the broker. Before selecting the cash life settlement company, the policyholder should be very careful and should do thorough prior research about the genuineness of the company.

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Cash For Injury Settlements

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Injury settlements are legal contracts that bind the offender to recompense a victim for the financial losses incurred, as a result of an accident. It is also known as a structured settlement and the financial compensation is the outcome of a lawsuit. These payouts are fixed amounts that are reimbursed as monthly payments, over an extended period of time. These settlements guarantee a safe and fixed income for the injured person. This reimbursement is decided upon after negotiations between the legal representatives of both parties. The lawyers estimate the future income loss of the injured person and the approximate medical expenses. They are structured to make the funds available in proportion to the loss incurred, as the result of the accident. These payouts reimburse any disability or incapacitation.

Though these payments prove to be a regular and stable cash flow, they may not always be sufficient to meet medication expenses and immediate cash requirements. Though the payout may be a large sum of money, beneficiaries cannot demand for a one-time payment or advance. A number of people prefer to sell injury settlements, to be able to meet instant monetary needs. People consider this a feasible option. The sale of these settlements does not involve risking secured assets. People can sell injury settlements to meet their financial needs, rather than sell the entire contract. It is a quick source of cash, as injury settlements are legal and do not need to be verified in detail.

Cash for structured settlements are easily available at funding companies. They do not offer the equivalent of the injury settlement in cash. The difference between the value and the cash offered forms the service fee for the funding company. This discounted rate depends on the nature of the settlement, tenure, buying company guidelines and compensation amount.

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Cash Option For Structured Settlements - What You Need to Know

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There's lots of garbage information out there when it comes to getting cash for your structured settlements.

Problem is, everybody's looking to make a profit and it can be hard to separate the good advice from the bad!

Just to make sure we're all on the same page - let's start with a quick and simple example:

Let's say John has an accident at work and gets a settlement of $100,000.00 out of it.

In a structured settlement, John would get that amount over some period of time... in hist case let's say it's 10 years.

That means John will get $10,000.00/year for 10 years... that's a structured settlement.

Unfortunately There's An All Too Common Problem With Structured Settlements

Often times John will need his money now and can't wait 10 years to get it all.

What if John's accident caused him to not be able to work and he needs money to pay his mortgage?

What if he's in debt and wants to use the money to get out?

That's Where The Cash Option For Structured Settlements Comes In

Lucky for John, there are plenty of companies out there that love to buy out structured settlements for cash.

The result? John gets a lump sum of the money he needs.

John is very lucky to be in this day and age.... Why? Because the Internet makes it especially fierce for structured settlement companies to compete.

Bottom Line: They all want John's business... and he can take time to shop around for the best deal!

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