Tuesday, June 28, 2011

future Structured Settlement Annuity Payments

future Structured Settlement Annuity Payments:Selling part of a structured settlement is something that structured settlement holders may consider doing at some point in their lifetime. The idea of getting a larger lump sum of cash for an important financial matter, rather than waiting for monthly installment payments, can be appealing.You should however immediately understand that you are not going to receive the full value of your settlement when you sell it. You will receive a discounted price because your payments are coming in the future. When beginning the sales process, you should also keep in mind how much of your payments you need to keep to live on in the future. You can request that structured settlement buyers give you multiple quotes on buying varying amounts of your settlement. This can be accomplished very simply.For example: If you have a structured settlement that is paying $1,000 per month for 20 years. You could request quotes on selling 1/2 of your settlement, for 10 years. You could also request quotes on selling 3/4's of your settlement-$750 per month, for 10 years. (or 4 years, 5 years, etc..) You'll soon have baseline quotes to work with knowing how much you can expect to receive for each amount. Most legal or financial council would also strongly recommend that you do get multiple cash quotes from various structured settlement buyers before you make a decision.

1 comment:

  1. Our expert financial representatives are always available to answer any questions you might have and to provide advice on the best option for your structured settlement payout. sell my structured settlement