Archive for the ‘sell annuity payments’ Category

Selling structured settlement, annuity, or lottery payments to cover those common events in a person’s life that typically incur great cost

There are many different reasons people choose to cash in on payments from an annuity or a structured settlement. One common thread ties them all together. Need.

Need for a large amount of funds for something that is necessary, or life changing.

Let’s briefly bullet point some of the most common events in a person’s life that would typically incur great cost.

• A Wedding - For parents, being able to provide a wedding for their children is an opportunity to share a day in the life of family and friends together on a momentus occasion. Or, perhaps you would love to have an opportunity to pay for your own upcoming nuptials. Even an intimate and small wedding can run into a few thousand dollars.
• College Tuition – The gift of an education is a dream for many to either be able to give or to receive.
• Vehicle Purchase – Transportation is a must. Whether you are in the city or suburbia, chances are you live, or work, or have family that you would like to, or in times of need, be able to get to. The only way to ensure you can get there when you need to is a set of wheels. Average purchase price of a small mid grade sedan 14K.Vehicle repair expenses, towing charges, frustration at an older less reliable vehicle can often be remedied with a trusted mode of transport like a new or newer car.
• Home Repair or Renovation – You’ve outgrown your home but don’t want to leave. You might have thought about adding on to your existing home, or you may be in need of more room. Is the roof leaking and in need of repair? Is it time for that pool? Home renovations or additions can easily escalate into the 10’s of thousands.
• Buy a new or first time home – Homeownership is a life ling dream that can become reality for those who are able to save up a substantial down payment and have credit to qualify for a loan. What if you can get the loan, but don’t quite have the downpaymnet? You may even want to increase your existing payment samount to reduce your monthly mortgage. With a traditional 20% of total purchase price down payment you can expect to have funds based on a $120,000.00 home to loom around 20k – 30K.
• Funeral Expenses - The loss of a loved one is always a difficult time to go through without having to worry about borrowing money to pay expenses for services, and internment. Many families who did not have life insurance are suddenyl faced with the daunting and uncomfortable task of finding a way to pay for even the basic needs of a burial.
• Dream Vacation – Whether its a family getaway, retirement, or a honeymoon you will want to make sure that you are able to enjoy each and every day to the fullest without having to worry about having enugh money with you when you travel.
• Personal Improvement – Surgical procedures such as those that would be medically beneficial. Plastic and cosmetic surgery to correct a flaw that interfers with life’s daily activities, or possibly restorative surgery for post cancer victims, injuries as a result of an accident or someone elses negligence are not always covered by health insurance, and can easily drain a families savings, or home equity if a loan or second mortgage is obtained to provide for these.

We have reviewed some of the most frequently occuring situations that will almost always require a large amount of funds readily available.

Receipients of structured settlements, annuities, and lottery payments can choose to sell all or some of their future payments for a large lump sum of money to a company like Woodbridge Investments or J.G. Wentworth to pay for these things without incurring costly and expensive credit card debt or high interest rate loans.

When you are collecting payments on an annuity or if you have been awarded a settlement from a lawsuit or accident, you can choose to continue to receive periodic payments, or get a lump sum for all or some of them.

Tapping into your settlement or annuity for cash now!

• Step 1Decide what your financial needs or goals are presently and in the near and long term. Once you have evaluated your own unique financial situation you will then determine the amount of money you are going to need to achieve the goals you have set.
• Step 2You will need to obtain a quote from a company, such as Woodbridge Investments or J.G. Wentworth, that will purchase your future payments. The quote may also be referred to as an appraisal. Your quote aka as appraisal will be calculated based on several other factor you may not be aware of such as inflation, interest caps, discounting, and TVM.

What is TVM?

TVM is the Time Value of Money. A dollar today will not be worth as much as a dollar in 10 or even 5 years.