Should I sell My Structured Settlement?

Cash in structured settlement payments

A lot of people in the United States have structured settlements from lawsuits of lotteries. These are paid out over decades in lieu of giving them one lottery lump sum payout. For instance, people who win the Mega Millions lottery get one payment up front and then the rest is paid out over 29 years and each year they pay out 5% more than the year before it. Powerball has a similar plan, their payments go on for 30 years.

A lot of Americans receive payments from their structured settlements, more than 37,000 people receive these payments each year. In 2013, individual deferred annuities came to $2.58 trillion, this was for 34.8 million contracts. It’s clea…

Thinking About Selling Your Annuity? Here Are Three Reasons Why You Should

Selling fixed annuities

Regardless of why you first decided to invest in an annuity, there are plenty of reasons why you might want to get out of it — and unfortunately, it’s the nature of annuity settlements that makes it difficult for anyone to decide that they’d rather be able to control their money when they want to. For this reason, many people choose to sell annuity payments to a service that will buy an annuity or structured settlement and provide cash to the previous owner. It’s an easy way to circumvent the rules of annuity payments that try to force people into leaving their money locked away, even when they need it.

So what exactly can you do with the money you’ll …

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