Best Times to Sell Structured Settlements
Part of the reasoning behind the granting of a structured settlement is to provide the recipient with a long-term source of income. While a good idea in theory, in practice, a structured settlement rarely provides for the real-life financial needs of the plaintiff and his or her family. Some who receive structured settlements continue to undergo treatment for the injuries that led to their case; others cannot return to their jobs as a result of the injuries they sustained. In order to make ends meet the annuitant may need to make substantial payments that are greater than the periodic payments they receive from the structured settlement.
Hospital bills aren’t the only reason to sell structured settlements. Small payments spaced over the course of many years won’t allow you make down payments on a house or car. And if you’ve lost your job, you may be in urgent need of larger amounts of cash. Luckily, companies like Woodbridge Structured Funding buy structured settlements, granting you a lump sum payment in return. The decision to sell future payments can be made at any time; you can even sell a portion of your structured settlement.
While there is no bad time to sell a structured settlement, the earlier you exchange your structured settlement for a lump sum payment the greater control you’ll have over your own money.
Interested in Interest? Get a Lump Sum Payment Now
One great reason to sell structured settlements is that you and your financial planner can decide to invest your lump sum payment in higher yielding assets. The sooner you sell future payments, the sooner you can be earning higher returns from an investment of your choice.
Woodbridge Investments doesn’t merely buy structured settlements; our experts know every situation is different, and work with you to determine which lump sum payment option is best for you. People sell annuity payments and structured settlement payments for different reasons, and our team is responsive to your individual needs. Whether you want to go back to school, buy a car, or need money to invest in your own business, selling your structured settlement can open up a world of options.
Don’t let a structured settlement keep you from pursuing your dreams! Get a free quote on your structured settlement today.
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[...] injury suits often result in structured settlements. And while the periodic payment arrangement can work well for some, many find the compensation [...]