The Benefits of Selling Your Annuity Payments

Difference between lump sum and annuity

You beat the odds and you were one of the few people who actually won the lottery. You double checked your lottery ticket, before realizing that you actually had won the lottery. You protected the ticket, until you were able to turn it in. You were given two payout options. One, would allow you to take a large payment at once, but you would lose a percentage of your winnings. The other one, you would receive smaller monthly payments, and you would lose fewer winnings. You were likely encouraged to choose the second option.

Years later, you realize that you are struggling financially, and you wonder, why am I struggling when I won the lottery? If only you had all of the money that you deserved. If only you had chosen the first option, you would likely be in a better financial situ…

3 Ways to Actually Sell Your Structured Settlements

Lump sum versus annuity

Winning a structured settlement annuity is a time for celebration and excitement. A successful lawsuit is one of the most common ways to obtain one considering the majority of cases (80 to 92%) end up settling outside of court, but insurance claims, or even lottery payments could be the source as well. The business of selling an annuity settlement to third-parties has become more and more popular over recent years as people want to be in control of their money immediately. Even an “immediate” annuity doesn’t start paying out until 30 days general…

Three Reasons to Sell Your Structured Settlement

Cash for lottery winnings

Do you have a structured settlement paying you payments over a period of time? Wouldn’t it be easier if you could sell your structured settlement and get cash now? More than 40 percent of US households spend on average more money than they earn, making living paycheck to paycheck a revolving cycle that is hard to break. By getting cash for your structured settlements you can pay off debt and work to break this cycle.

Pay off Credit Card Debt:
There are approximately 13 payment cards to the average American household. This makes it easy to fall into debt on a number of cards making it hard to pay them off. Read More

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