If you receiving periodic payments from a structured
settlement or annuity you may want to entertain the
possibility of selling your stream of future payments
for a lump sum cash pay out. Rather than receive smaller
payments, the lump sum settlement of your annuity will
give you cash that you may need to buy a home, take a
vacation or pay for a college education.
Many companies buy structured settlement payments or payment
annuities and convert them to a single pay out. This is
helpful if you need cash now from:
Periodic payment from
investment annuities
You have settled
insurance claims and receive monthly payments.
You receive
other larger periodic lump sum payments, such as
lottery or inheritance monies.
You are carrying
mortgage notes or trust deeds against a property.
You have sold a
business by carrying paper to facilitate the sale
and want to receive a lump sum payment.
A company that buys structured settlements will convert
your periodic payments into a lump sum amount. In turn, the
structured settlement company will now be the recipient of
the stream of the monthly payments which you formerly
received.
