How To Find Good Structured Settlement Companies Who Can Buy An Annuity From You

Structured settlement companies can give you the chance to convert your annuity which pays you regular sums of money into a one-off lump sum payment. The reasons for wanting to do this are many and varied, but please make sure you have thought this through thoroughly before you act. The choice, once made, is irreversible, and the consequences of making the wrong choice could be severe. Be sure also that there are not other, safer options available before you make the final choice.

Many annuities are awarded by the courts at what is inevitably a time of great stress and uncertainty. If you have been injured as a result of an accident in the workplace, or because of medical malpractice, then you will have enough to deal with without the extra worry of selling your annuity. Whatever you do, don't allow the situation to panic you into making choices you may later regret. There is nothing wrong with finding a company to buy an annuity, but it must be done for the right reasons.

The courts who award long term payments do so in the belief that it is in the best interests of the recipient. In many cases, that is exactly what it is. However, there are cases where the recipient of an award is severely disadvantaged by this. The most obvious example of this is someone who can no longer work at their previous job, and who would like to use the money they have been awarded to start a new business. They may even have been trying to borrow money to finance the business before the accident occurred.

Another very strong reason for finding someone to buy an annuity is if you are looking to invest in real estate. Real estate has traditionally been the best investment over time, and it provides something which everyone needs anyway. There is a strong case for accessing the full amount of any sizable award straight away and investing in the property market. You could buy a property for yourself, and another one to rent out for ongoing income, or you could just let part of your main home. Even if you don't intend to let any of your property, it can be a useful fall back position should you suddenly need extra income.

Structured settlement companies can give you the lump sum you need, but it is important to do your research in advance and choose wisely. This is a highly regulated industry and horror stories are relatively rare, but it is still wise to get to know the company who will buy an annuity from you as well as you can. Get several opinions and always compare terms. Have a lawyer check out the contacts for hidden clauses. Weed out any who are not completely up front about all terms, and then choose from the best of the genuine structured settlement companies.






 

Annuities News:

 

Magomed Abdusalamov receives $22M injury settlement from New York State - ESPN

ESPN

Magomed Abdusalamov receives $22M injury settlement from New York State
ESPN
The state is to pay $10 million into structured settlement annuities for Abdusalamov, $10 million into an account overseen by his court-appointed property guardian (to handle financial obligations, including legal fees) and $2 million to his wife for .

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Contrasting Emergent Capital (IFT) & Torchmark Corporation (TMK) - The Ledger Gazette

Contrasting Emergent Capital (IFT) & Torchmark Corporation (TMK)
The Ledger Gazette
The Company provides customized liquidity solutions to owners of illiquid financial assets in two markets, which include life finance and structured settlements. The Company focuses on lending to outright purchases of portfolios, to tertiary trades, as .

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Financial Contrast: JG Wentworth (JGW) & SLM Corporation (NASDAQ:SLM) - The Ledger Gazette

Financial Contrast: JG Wentworth (JGW) & SLM Corporation (NASDAQ:SLM)
The Ledger Gazette
The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such .

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Comparing SLM Corporation (NASDAQ:SLM) & JG Wentworth (JGW) - The Ledger Gazette

BZ Weekly

Comparing SLM Corporation (NASDAQ:SLM) & JG Wentworth (JGW)
The Ledger Gazette
The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such .
Slm Corporation - SLM - Stock Price Today - ZacksZacks Investment Research

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Asta Funding, Inc. (NASDAQ:ASFI) Sees Unusual Trading Volume in Its Shares - First News 24

Asta Funding, Inc. (NASDAQ:ASFI) Sees Unusual Trading Volume in Its Shares
First News 24
The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is involved in the business of purchasing, managing for its own .

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