Archive for the ‘Buyer of Structured Settlement Payment’ Category

Finding the Right Structured Settlement Buyer

How You Can Find The Right Structured Settlement Buyer

The most difficult phase of selling a structured settlement has to be choosing the best offer. The advertisements many buying companies use to entice clients tout fast cash for little hassle. Contrary to their claims, years of misuse of funds compelled the government to impose protective restrictions when selling structured settlements. This does not mean that selling has become impossible, only that it now requires more coordination on the part of the buyer and seller.

Because of some dire financial need, you may be convinced that your reasons for selling your structured settlement are justifiable. However, the court system may question the necessity of such an extreme action. Therefore, it is in your best interest to hire a lawyer to assist with the sale. A highly skilled lawyer can help by suggesting a fair market value for selling the settlement; reading over the buyer’s quote and the subsequent sale contract; and of course, representing the seller in court.

How To Avoid Untrustworthy Buyers

There are countless buyers who want a piece of the structured settlement market. Whether their offers are legitimate or not, their crafty salesmanship paints such a dazzling image that makes choosing quite a challenge. But by keeping an eye on telltale signs, sellers like you can avoid the untrustworthy buyers.

1.    Structured settlement buyers will profit from buying the structured settlement. Shifty buyers can be avoided by carefully listening to their sales pitch. If they try to convince you to cash your entire structured settlement or attempt to offer a considerably lower quote than expected, beware.

2.    Check with the Better Business Bureau (BBB) if the buyers you are considering have any negative records with them.

3.    There are costs involved in cashing in a structured settlement, including the court costs to meet with the judge. Some settlement buyers will pay those court costs and any fees involved, and some won’t. Check around.

By doing some simple research…

you can ensure that the structured settlement buyer you have chosen has both the knowledge to work through the selling process, and the integrity to consider what would be in your best interest.

Categories: Blog, Buyer of Structured Settlement Payment, Sell Structured Settlement Payments, Woodbridge Investments LLC, lump sum payments.

The Good and Bad Of Selling a Structured Settlement For a Lump Sum

Structured Settlements for a Lump Sum; The Pro’s and Con’s

The option to sell structured settlements for cash must not be taken lightly. These periodic payments could be funds you have become dependent on to some extent, and selling will stop those payments. But if you need a large amount of cash to fund an investment that will change your life for the better, selling all or part of your structured settlement may be more useful to you than hanging on to the periodic payments.

So before selling a structured settlement, weigh the transaction’s pros against its cons first to make sure that what you’re losing is expendable when compared to what you’re gaining.

Pros:

• Liquidity. A structured settlement limits the liquidity of the settlement money that you are entitled to, whereas cashing in a portion or all of a structured settlement frees that money for immediate use.

• Value. You can capture the current value of the money that you’re owed. Because structured settlement payments are equal each month, the effects of inflation decrease the real value of your money over time.

• You don’t have to wait for credit approval. Although you may need to validate your reasoning for cashing a structured settlement, you can’t be denied your settlement because of a bad reference or credit history.

• Relatively quick payment. Compared to applying for a loan, structured settlement factoring is a faster way to get cash, taking as little as three weeks.

Cons:

• Structured settlements and annuities are sold at a discount, which means that the lump sum you get through the sale is less than what you would have received had you continued to accept periodic payments.

• Low regulatory involvement. Structured settlement buyers belong to an industry that is currently unregulated. Unscrupulous companies and individuals exploit this fact by engaging in unethical business practices.

• Taxes. You’ll be charged an excise tax that can be as high as 40% if you choose to cash a settlement for an invalid reason. You will also incur liability for state and federal taxes on your lump sum.

• Legal aspects. Structured settlement factoring is a long process that has exhausted many people who have tried it. There is a lot of red tape to pass through before the money will be seen, and some settlements legally cannot be sold.

Categories: Articles, Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Structured Settlement Payments, Woodbridge Investments LLC, lump sum payments.

Smart Decisions When Planning Your Settlements

Planning Your Settlements Smart

If you are an injury victim, you probably know that reaching a settlement can be a long and tiresome process. But once an agreement has been reached, you must carefully plan to shelter your money.

What many people do not realize is that, with the help of a qualified settlement planner, there are many ways to increase the value of a settlement.

Factors to be considered when formulating a settlement plan

Laws that involve Medicaid, Medicare and ERISA. In many situations, creating a trust – a Special Needs Trust or a Medicare Set Aside Trust – is compulsory. Tax concerns, property concerns, and resolutions related to investment issues also need to be addressed when planning a settlement.

Further complicating matters is the fact that public benefits provided to injury victims such as Medicaid and Medicare can be lost if not planned in advance. Studies show that more than 90% of injury victims have cleaned out their settlement money in just five years.

You must therefore have a structured settlement agreement that provides just enough so you will not be tempted to overspend. Since every injury case is unique, your settlement plan must be designed to fit your needs.

Pay Attention to Detail!

Understand every detail of your case so that you can make sound decisions when faced with issues involving settlement planning, taxation, preservation of public benefits and lien resolutions.

A thorough understanding of your case combined with the services of a skilled settlement planner can make your money go a long, long way.

Categories: Blog, Buyer of Structured Settlement Payment, Sell Structured Settlement Payments, Structured Settlements, Woodbridge Investments LLC.

Court Approval in Selling Structured Settlements, Why is it Important?

A Court Approval for your Structured Settlement is Important

When you decide to sell a structured settlement to get a lump sum now for whatever reason, you will have to obtain court approval as dictated by law. The judge will look at the proposed transaction to make sure that you are going to benefit from the sale and will also try to determine the impact it has on anyone who is dependent on you. This may seem like the court does not trust you to have enough sense to handle your own finances, but it’s actually for your own protection.

Companies and Court Approvals

There are plenty of unscrupulous companies out there who aren’t always above board when trying to buy structured settlements. When you decide to deal with a sound company with years of experience though, your time in court will be short.

An honest and reliable structured settlement company should be right there with you in court at all times and will do whatever is necessary when the court requires changes to the terms of the agreement. So in this case, going to court is a good thing all around.

It will get the money you need into your hands much quicker than would be possible under your original settlement terms.

Categories: Blog, Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Structured Settlement Payments, Structured Settlements, lump sum payments.

Lump Sum Cash, Are You Eligible?

Who Is Eligible to Sell Structured Settlement Payments for Cash Lump Sum?

Actually, all structured settlement recipients have the option to sell all or part of their future payments for lump sum cash if they need to raise a considerable amount of money when faced with financial dire straits. Although it is an option they might want to consider as a last resort because of the difficult processes involved and the unforeseeable consequences selling structured settlements may have.

Structured settlements ensure a periodic and reliable inflow of funds that recipients may need for ongoing treatment for injuries or perhaps other long term needs. If they rely on this inflow to maintain their quality of life, recipients may be giving up future stability for a present need. Furthermore, the lump sum they will receive usually has less value than the sum of the structured settlement payments. With so much at stake, structured settlement sellers ought to try other ways of raising money before selling all future payments.

In some cases where the recipient is already fully compensated for all damages and has recovered from his or her injuries before the settlement is paid in full, the remaining future payments may serve the recipient better as a lump sum that may come in handy for paying for other necessities.

Consider the Legalities Before Selling Structured Settlements.

There are laws in approximately two thirds of the states which restrict the sale of structured settlements, and additional federal regulations apply to the sale of structured settlements.

You should expect to have to obtain court approval for the sale, and most states have statutes in effect which regulate the transfer process. The insurance company that issued the annuities for the structured settlement may refuse to cooperate with the sale of a settlement, citing policy language and asserting that payments cannot be assigned.

Also, when the negotiations take place, some contracts might put up the restriction on sale of the structured settlement. Since structured settlements help in tax savings, it might make the person liable to pay tax after the settlement is sold.

Possible Lower Market Value for Emergencies

Also, if the settlement is being sold to raise cash for an emergency, it is possible that the insurance company might make an offer considerably lower than market value.

Licensed brokers and attorneys would be able to assist in selling a structured settlement in an appropriate manner since they are specialized in this field. It is important to take their advice before selling either a part or whole of a structured settlement as this might result in a bad judgment on part of the individual.

Categories: Articles, Buyer of Structured Settlement Payment, Sell Structured Settlement Payments, Structured Settlements, lump sum payments.

Facing Financial Hardship?

Learn How Your Structured Settlement, Or 401K Can Help You!

Selling your payments could help you avoid financial hardship For individuals who have a structured settlement, or 401K, there may be a solution available to those who are currently seeking financial assistance, and who are experiencing hard times. Today’s economy and credit crisis along with rising unemployment rates have left many people wondering how they are going to bridge the gap, and continue to pay for things like tuition, mortgages, debt, and medical expenses.

Unscrupulous companies claiming to have the power to wipe away debt, reduce your mortgage, or get you a quick loan are preying on and taking advantage of nearly desperate individuals and their families every day. Unarmed with no real direction or advice on where to turn, many fall victim to scams that are targeted at lower and middle income families.

The good news is there alternatives to high interest loans, or borrowing money from friends and family. If you contribute to a 401K, receive annuity payments, or if you are collecting payments from a structured settlement, you can tap into these in the times of hardship and need.

Your Structured Settlement

A structured settlement may be one of the best ways to get cash that you need now without creating more debt, or incurring additional high interest loans that cannot be repaid or are unaffordable. Although a settlement cannot be altered once it has been agreed on, you still retain the right as set by congress to sell your settlement payments either in part or wholly. A structured settlement agreement may have been ideally planned in the beginning, but a change in circumstances with one’s job, home, and or family can create an unforeseen expense or need not previously anticipated.

When you choose to sell your future payments from a structured settlement you can get a large lump sum of cash to use for anything you need. It is not a loan and therefore does not require a credit check or repayment. At a time when possible loss of a family home due to foreclsoure is imminent, cashing in on the money you previously agreed to wait for can be one of the single best possible sources of the money you need now to save your home and get back on track. Medical expenses, debt, and tuition are amongst the most popular reasons for most people to sell their settlement payments.

Selling structured settlement payments is not as daunting as some would think. Typically you can have your money in as little as 90 days. Finding the right company to buy your structured settlement payments is the biggest challenge. It is important that you find out how much your future payments are worth by getting multiple quotes. Remember that all of your future payments are not worth the same amount. Inflation, interest rates, and the time value of money all play a role in a company determining how much they are willing to pay to purchase your settlement payments.

It is a good idea to research each of the companies you contact and contemplate doing business with. Speaking to a representative and asking questions is the best thing you can do for yourself. You should be prepared to ask questions relevant to your situation. Letting the company know why you are seeking to sell your payments and how you intend to use the proceeds form the sale, will allow their representatives to provide you with various options available to you.

For more information on how to sell your structured settlement to to get a free quote visit www.woodbridgeinvestments.com you can also call toll free 1-866-865-7044. You can call24 hours a day 7 days a week.

Your 401K

If you are experiencing a temporary hardship or you are facing foreclosure, you can use your 401 to get cash to help bring your mortgage current and out of foreclosure. You can choose to make a early withdrawal or get a loan against it’s value. There are pros and cons to these actions that should be carefully considered before making your decision. Unlike applying for a traditional loan there are no credit checks and there is not lengthy paperwork process. Typically you can arrange a loan through your 401 with as a little as a phone call and a small stack of paperwork.

The downside to this can be the stiff taxes and or penalties imposed when taking a loan or early withdrawal and can vary depending on which you choose and how old you are. Make sure that you speak to a financial professional or contact the IRS directly to learn about your rights, and how your age will affect rates, interest, and penalties.

Here are some 401 Loan Basics

Plans typically allow you to borrow 50% of the amount in your plan, up to $50K. With the exception of loans taken for a mortgage for your primary residence, nearly all loans must be repaid in 60 equal monthly payments over a five year repayment period. The interest rate you pay will be determined on the day you take the loan and using the “prime rate” plus one percent. The “prime rate” can be found in the business section of your newspaper. Repayment of a plan loan is made through payroll deduction, only a few companies allow you to pay in any other way. You can always repay your loan at any time with no penalties.

WARNING: The consequences of a plan loan default are different than for other types of loans. If you fail to pay the plan loan, you will have to pay both regular federal and state income taxes. If you are under age 59 1/1, and additional federal income tax equal to 10% of the outstanding balance will be added.

To find out more about your 401K visit www.401k.org

If you have questions or concerns about you potential tax liabilities contact the Internal Revenue Service at www.irs.gov or follow the links below.

Call The IRS With Your Tax Questions

Live assistance is available Monday through Friday. There is also a 24 hour recorded assistance line for your convenience.

Contact Your Local IRS Office

IRS Taxpayer Assistance Centers for when you believe your issue is best handled face-to-face. Hours of service and other local information is provided on a per state basis.

IRS Mailing Addresses (“Where to File”)

For those who don’t file their federal tax returns electronically, the “Where to File” pages provide mailing addresses for filing all paper tax returns. You may also use your appropriate “Where to File” address for other written correspondence with the IRS.

Contact Us for Status of Your Refund

Want to check on the status of your refund? You can check online with the Where’s My Refund application, or call 1-800-829-4477. (Please wait at least four weeks before calling.)

Contact Your Taxpayer Advocate

If you have an ongoing issue with the IRS that has not been resolved through normal processes, or you have suffered, or are about to suffer a significant hardship/economic burden as a result of the administration of the tax laws, contact the Taxpayer Advocate Service.

Categories: Buyer of Structured Settlement Payment, Sell Structured Settlement Payments, Woodbridge Investments LLC.

AIG receives two-year loan to float insurance giant; Woodbrige buys long term payments from individuals.

AIG receives two-year loan to float insurance giant;Woodbridge Investments Buys Long Term Payments From Individuals.

Woodbridge Investments, a structured settlement and annuity factoring company is helping people all over get their cash now from long term and future payments they are receiving from flailing insurance giant AIG.

Though AIG was almost forced into bankruptcy after credit rating downgrades sparked a liquidity squeeze,Americans across the country currently receiving structured settlement or annuity payments have turned to Woodbridge Investments to get their money now The Federal Reserve is providing a two-year loan that will give AIG time to sell assets “on an orderly basis, AIG said in a statement last week. The company was almost forced into bankruptcy after credit rating downgrades sparked a liquidity squeeze.

Americans across the country currently receiving structured settlement or annuity payments from AIG have turned to Woodbridge Investments to get their money now. Fear of future economic instability as pressures on wall street rise are driving individuals to take their money into their own hands.

Woodbridge will guarantee the largest lump sum available for your future payments. Many have chosen to get the cash they need now to pay for things like burdening debt, unforeseen medical expenses, or to purchase a home. Residents of Florida who are first time home buyers are losing FHA first time buyers assistance as the programs ceases this October. For these state residents, now is the time to buy as home prices fall, and lenders tighten their requirements on borrowing and increased down payments become a larger concern.

With over $12 Billion dollars in trophy properties, AIG is hoping to soften the blow of losses recently felt by selling off assets. And as AIG seeks to regroup, people are making sure their money is back in their hands. For so many people who depend on the income provided by their structured settlement or annuity payments, waiting twenty to thirty years is too much anxiety. And the need is felt greater now then before for so many more who are facing unemployment, loss of wages, or increased energy costs that have all but become a crisis.

If you or someone you love is currently receiving long term payments from a structured settlement or annuity and want to see how large a lump sum your payments are worth, call toll free 1-866-865-7044 today, and get started in just minutes. There is no cost or obligation. You have nothing to lose, and only your money to gain!

Categories: Annuity Payments, Blog, Buyer of Structured Settlement Payment, Sell Personal Injury Settlements, Sell Structured Settlement Payments.

Structured Settlements and Annuities: How you can turn your payments into a new home

Get a large lump sum now for your future payments from structured settlements, annuities, or lottery winnings. Use your lump sum as a down payment on a new home purchase, or renovate and upgrade your existing home.

Selling your structured settlement payments for one lump sum could help buy you a new home. If you are among the thousands of Americans receiving periodic payments from a structured settlement, annuity, or lottery and looking to buy home, there is no better time than now!

With an overwhelming surplus of new construction, and foreclosed homes, there is a seemingly endless inventory of homes available on the market these days all across the country. Banks have tightened there lending requirements, and are racing to recoup lost assets felt as a direct result of defaulted home loans.

What does this mean for you?

It means that home prices have plummeted.

There are more houses on the market than there are buyers with available credit or ability to afford required down payments. The Feds have locked the interest rates for the time being affording you an opportunity to take part in the American dream of home ownership.

When you sell all or some of your structured settlement or annuity payments, you receive a one time lump sum of cash, that is readily available to you. Depending on how much your payments are worth, you may even be able to sell only a small portion of payments and still receive periodic payments to supplement your income. You can sell future payments even if you have sold some before. Companies such as Woodbridge Investments will buy your payments even if they are outside the guaranteed period.

How do you find out how much your payments are worth?

That’s Easy!

There are several companies that specialize in buying payments from structured settlements, annuities, and lottery winnings. These settlement purchasing and factoring companies have funding ready to put cash in your pocket now. Aggressive competition for your business ensures that you are going to get the most money possible for your payments. Once you have determined how much money you will need, find out how much your payments are worth by getting an appraisal or quote.

What do you need to get an appraisal or quote?

All you need is three!

How often do you receive your payments?
Do you receive them monthly, quarterly, annually, etc.
How much are your payments?
Are they $500, $1000, $10,000, $50,000, etc.
How many payments are left?
Do you have 5 years, 10 years, 30 years?

With just these three key pieces of info, you can find out how large a lump sum is available to you when you sell payments from a structured settlement, annuity, or lottery.

Are all your payments worth the same amount of money?

The answer is no. TVM, otherwise known as the time value of money, and the interest you have not earned in your payments not yet received all play a role in factoring how much your payments are worth. Payments that are further in the future are typically worth much less than those you would receive sooner. A dollar today is worth more than a dollar tomorrow. Inflation plays a large role in eating away at the value of your future payments. The amount of money you will pay for a bag of groceries today will not get you as large a bag in 5, 10, or even 20 years. For this very reason many people chose to cash out there payments now, and reinvest their money, start another business, pay for college tuition, or even put it in savings.

How does a company determine how much my payments are worth?

The equations used when factoring the monetary value of your settlement, annuity or lottery payment is a bit complex. TVM (Time Value of Money), Calculated rate of Inflation, and Interest Rates are just a few components used in determining each payments value.

After I chose a company to sell my payments to what do I do next?

Now that you have decided to sell your payments for a large lump sum. You will need to provide the company buying your payments with proof of your benefits. This is a letter from the insurance company that states in writing exactly how your payments are structured and how you receive them. Then you will need to sign agreement with the settlement purchasing company.

The company will deliver to you documents for your to review, and after you have agreed to the sale of your payments in writing, a court will review the transaction, and provide a final approval.

Why does a court need to review my sale?

A court will determine that the transaction you have agreed to is in your best interest, makes sure that all legal documents are filed accordingly, and that you will net be negatively or adversely affected by giving up some or all of your future payments. As previously stated, you do not have to sell all of your payments. How many payments you sell, is up to you.

There should never be any pressure or obligation for you to sell your payments. Your financial decisions are personal and these choices should be left for you and your family to decide.

Once the court has approved the transaction, you will receive your lump sum. Typically the entire process can take anywhere from 60-90 days, depending on which state you live in. Some courts will be quicker than others, and taking into consideration how quickly all the documents are signed and returned can have an impact on the varying lengths of time it takes to conclude a sale of payments.

To get a free, easy, no hassle, no obligation quote now call toll free-

1-866-865-7044

Or get an online quote at www.woodbridgeinvestments.com

Categories: Buyer of Structured Settlement Payment, Cash Structured Settlements, Sell Structured Settlement Payments, Structured Settlements, annuities, lottery winnings, lump sum, lump sum for your payments, personal injury settlements, sell payments, sell structured settlement.

Will your annuity or structured settlement payments hold up against rising economic pressure?

Families and individuals who rely on a fixed or supplemental income from annuity and settlement payments are among the hardest hit by record high gas prices, and increased cost of consumer goods.

sell annuity payments Latoya Pearson has been able to just barely get by the last few years since she started collecting her annuity payments.

“I used to be able to get groceries, and pay my bills with just a little left over every month as long as I stuck to my budget.” she says. “But now, I am afraid that I may have to sell my home to avoid losing it. Everything costs more, gas, milk, food, and electricity. Finding a part time job where I am here in Ohio is almost impossible. Without an extra income I won’t be able to keep up with my bills.”

Latoya’s story is growing more and more common. American families are being forced to seek alternative and creative ways to make their dollar go the extra mile, literally.

An article recently published by USA Today reflected that 60% of the population has cut back significantly on household spending and 84% consolidating errands or taking other steps to cut back on daily driving.

Financial experts and retirement planners who once encouraged annuities are steering their clients to more flexible investment options that would provide residual and growing income.

“You just can’t say for sure what amount of money will get how far anymore.” says Robert Meeler a financial planner with over 36 years experience.

Inflation eats away at every dollar with every year that passes. Unable to predict just how the future market will behave is not only just a guess, it is a calculated equation that even most economic researchers and developers are reluctant to speculate on.

Structured settlement and annuity payments are determined amounts of money that are paid over a specified period. Typically, these payments reflect a modest assumption of inflation and increased cost of living. Once the settlement or annuity contract is in place, it cannot be altered. All provisions for future incidentals and such are required to be in place before a settlement or annuity is put into place and actively paying out.

Scott Shwartz, of Woodbridge Investments, a factoring company that specializes in the purchasing of structured settlements, lottery, injury, and annuity payments stated,

“We have seen an overwhelming amount of families, and individuals that are facing an immediate financial needs crisis.”

The idea of living from one paycheck to another is a distinct reality for so many American families. It’s not just a hot topic for debate amongst rivaling politicians, it’s a way of life for thousands more struggling to carve out their own little piece of the American dream.

With fuel prices skyrocketing, and the cost of living increasing faster than minimum wage ever could, families feel the squeeze early on, and it can be effectively debilitating for too many. Loss of wages, insurmountable debt, and unforeseen expenses all contribute to the foreclosure epidemic we see today.

Mr. Shwartz also notes,

“We have helped thousands of individuals get back on track by providing them a large lump sum of cash when they chose to exercise their legal right to sell all or some of their future payments from annuities, lottery winnings, or a structured settlement.”

Companies such as Woodbridge, Peachtree, and JG Wentworth are notably the leader in the settlement purchasing industry. They will purchase all or some of your future payments at a discounted rate, giving families the money they need now to prevent and come back from financial strains.

The amount of the lump sum you receive is typically less than the total amount of the future payments. This is because a portion of your future payments include interest that you have not earned yet. The calculated interest and any legal fees or costs associated with the transaction are factored out of the total amount of the value of the payments and what is remaining is your lump sum total.

You can get a pretty good idea of what your future payments are worth by contacting a company that specializes in buying settlement, annuity, and lottery payments. Your quote also known as an appraisal, is easy to obtain. Simply contact the company and let them know how much your payments are, how many you have, and how often you receive them.

There should be no charge for this quote so be wary if you are asked to sign for or pay anything for your initial appraisal.

In most cases, and depending on which state your case was settled, you can receive your money in as little as 90 days. Get as many quotes for your future payments as possible. Many companies will guarantee to beat any other written offer, making sure you are getting the largest amount of money possible for your payments.

If you have decided that you would like to sell your payments for a large lump sum now, and would like more information on the various options and programs available to you call 1-866-865-7044 TOLL FREE TODAY!

Categories: Annuity Payments, Buyer of Structured Settlement Payment, Cash Structured Settlements, Lottery Payments, lump sum payments.

Resources that could save your home from foreclosure.

There are many resources you may not know you have–such as a 401K, Structured Settlement, Annuity, or Life insurance policy–that could save your home from foreclosure.

Foreclosure rates and statisitcs are scary, especially when you are a homeowner who is living paychack to paycheck.

1 out of every 200 homes will be foreclosed upon. For a city like Washington D.C., that translates to 3,000 Washingtonians losing their homes to foreclosure each year.
Every three months, 250,000 new families enter into foreclosure each year.
One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage.

Source: Mortage Bankers Association

Too many Americans do not realize the possible resources they may have at their disposal that could possibly save their home from foreclosure. Woodbridge Investments is here to help you understand how liquid assets are among some of the most powerful and yet unknown ways to use your money when you need it most.

Some of these resources include but are not limited to:

401K

You may be eligible for a “hardship withdrawal,” for those unexpected circumstances when you may need your money before retirement. According to IRS safe harbor regulations, your “hardship” must represent an “immediate and heavy financial need” and is necessary to satisfy the financial need. Also, there must not be “any other resources that are reasonably available,” to you to handle that financial need. The IRS has deemed the following four distribution reasons as representing an immediate and heavy financial need:

Certain medical expenses for you, your spouse or your dependents
Purchase of a primary residence (excluding mortgage payment)
Payments of certain post-secondary education expenses for the next year for you, your spouse or your dependents
To prevent eviction from or foreclosure on your primary home

Please be advised that if you take a hardship withdrawal from the plan following “safe harbor” rules, you may be suspended from making contributions to the plan for a minimum of six months. Some plans also allow hardship withdrawals for other reasons. Check with your benefits department. You will need to show your employer proof of how you intend to use the money, and proof that the amount you requested isn’t more than enough to satisfy your need.

Whole Life Insurance policy

With level premiums and the accumulation of cash values, whole life insurance can provide money later on to help with temporary needs or emergencies.

Unlike term life insurance, money you pay into your whole life policy accumulates as guaranteed cash values. If you choose to surrender the policy, these guaranteed cash values would be available to you. Or, as long as the policy is in force, you may borrow against them as a policy loan at the current policy loan interest rate.

Your guaranteed cash value depends on the kind of whole life policy you have, its size and how long you have had it. The growth in cash values is tax deferred under current federal income tax law. Borrowed amounts reduce the death benefit and cash surrender value.

Structured Settlement

Structured settlements can be inflexible and often are inadequate to deal with immediate financial needs or unplanned emergencies. United States Congress and most state governments have agreed that settlement victims have the right to sell their structured insurance settlement and receive money from insurance settlement in the way they see fit. Court approval is usually required to protect the beneficiary from an inappropriate sale and also to verify that the sale is in the victim’s best interest.

Selling your structured settlement or annuity for a lump sum can provide you with the cash you need now to save your home from foreclosure, and help you get back on track. It is your money, therefore it is not a loan that must be repaid. You can choose to sell all or some of your future payments. You can sell payments from a structured settlement even if you have sold previous payments, providing there are some remaining.

The size of your lump sum payment is partially determined by which payments you sell and the number of payments you sell. To find out how large a lump sum you may be entitled to you will need to obtaina quote from a company that will buy your structured settlement payments.

If you are looking to sell your structured settlement payments, or to find out how much cash your payments are worth, call Woodbridge Investments toll free 1-866-865-7044

You can also visit us on the web at www.woodbridgeinvestments.com and get a free appraisal online.

Categories: Annuity Payments, Articles, Blog, Buyer of Structured Settlement Payment, Cash Structured Settlements.