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Archive for the ‘Structured Settlements’ Category
Why one might sell a structured settlement payment and how it’s done can be important when someone who has been the recipient of a structured settlement award or decision is in need of fast cash or ready money. Structured settlements are financial arrangements that include periodic payments, in general. They often arise as a result of a personal or tort injury, especially in this country.
Usually, most every lawsuit settled or decided upon by a jury features a structured settlement rather than the payment of a lump sum which, prior to the 1970s, was the most common way of paying off…
Several recipients make one of the biggest misunderstandings of not being informed when they think of selling structured insurance settlements. When you communicate with a company that purchases structured settlements, you’ll need to understand 3 pieces of information.
These pieces of information are: what is the amount of your payments, how often do you get them, and how many payments are yet to be received in your settlement. If you have a sound knowledge of what settlement buyers will need to know, the whole transaction will go more smoothly.
The first important piece of information is something you…
If you are in the process of taking an individual or company to court to claim compensation after an accident or other incident then you probably already realize that this can be a long and drawn out process. Although you may have a fairly good idea that you will get some money in the end that isn’t necessarily much help to you now.
The problem here for many people in this situation is the fact that they actually need cash right now. The accident that they had, for example, may mean that they cannot work or that they need…
If you win a compensation case then you may be offered a choice when it comes to the settlement that is made to you. You may, for example, be offered a structured settlement which makes a series of regular payments to you over a period of time until your agreement is fulfilled. Or, you may be offered a lump sum payment as a one-off.
Obviously, your own personal preferences will come into play here but it is worth considering the advantages and disadvantages of opting for a lump sum settlement before you make any kind of decision. You do…
What Is A Structured Settlement?
24 Mar 2009Structured settlements are types of compensation payouts that are specially designed to give a series of regular payments rather than one big one. This method of making compensation payments is very popular with the companies that are legally obliged to make them — whether they themselves accept liability or whether they are ordered by a court to make a payment.
The reason that structured settlements suit many companies that need to pay compensation is basically all about their up front costs. If an insurance company, for example, is ordered to pay you $1 million after an accident then they…
How To Sell Structured Settlement Agreements
21 Mar 2009If you win a compensation case and opt for a structured settlement agreement then the money that you agree to accept or are awarded will be paid out in a series of individual payments rather than as a lump sum. This kind of solution allows you to agree how the payments will be made in terms of timescale and frequency.
For many people this solution works better for them than having to deal with a lump sum payment up front. It gives them, for example, a regular staggered income and they don’t need to worry about investing a…
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