Selling Structured Settlements

Buying structured settlements and selling structured settlements typically is the process of transferring, for a certain amount of money now, annuity payments that have come from an lawsuit settlement; used in more general terms may also include the sell of other types of assets such as lottery prize winnings and investment annuities.

How And Why Insurance Payments Are Structured

A structured settlement is a predetermined payment stream setup as a result of a lawsuit settlement between two opposing parties. The structured settlement payments are designed so that at the end of the term, the annuitant or you, does get the agreed upon or settlement amount. However, by structuring the payments of the settlement it becomes less costly for the insurance company or defendant. In a lot of the cases the insurance company purchases an annuity in order to provide the income to you without having to actually pay the full amount out today. The insurance provider will purchase the annuity for a lot less than the awarded amount in the settlement, and then make it payable to the annuitant also known as the payee. The initial amount put into the annuity gains interest over a period of time and the initial principle plus the interest that the annuity gains over time will allow you to receive the amount agreed upon in the law suit settlement. Typically, the annuity is setup to pay out a monthly or annual payment and in sum cases as lump sums at predetermined dates. Selling structured settlements like these can make sense if you would rather have some of the money today.

What if I want the money today

Selling Structured Settlements is an option for you if you have the need for money today from your future annuity payments. When the structured settlement payments were setup, you may have, with the support of others involved, determined a payments stream that you believed would fit for an extended period of time. In many cases, the payment stream is a best guess and life ultimately changes over time. For example, the income may have been sufficient for the first five years, then the economy started to go bad which effected your monthly cash flow from issues such as a loss of a job, increase in credit card monthly payment or from many other issues that might arise. If any of these happen then there may be a need in selling structured settlement payments and receive the much needed cash today. By selling structured settlement payments you can make a positive turn in your financial situation if designed correctly. One of our structured settlement specialists will work closely with you to help you redesign your annuity stream to get you the money you need today and keep as much of the future payments in place, which will allow you to support your future needs as well.

Contact Fairfield Funding today and learn how sell structured settlement payments in full or part can provide you the solution to your current finances along with building a plan to manage your future needs.