When you have decided that waiting for periodic payments are no longer the right choice for you, you can sell your future payments and get a large lump sum now. You can choose how many payments you want to sell to get the lump sum you want or need.
The amount of the lump sum you receive is determined by several factors. Two major deciding factors that will determine the amount of your lump sum are:
- How many payments you sell
- Which payments you sell. (These could be some of your first few years, or the payments at the end.)
When you choose to sell structured settlement payments, you can work with a company that will show you how much your payments are worth, and let you know which payments and how many will get you the lump sum you are looking for. Woodbridge Investments is one such company.
You will first need to get a quote. Most companies can provide you with a very accurate figure within just a few minutes, using some very basic information.
You will need to know three things when obtaining a quote to sell structured settlement payments.
- How much are you payments?
Example: Do you receive $200, $300, $500, $1000, $10,000
- How often do you receive your payments?
Example:Do you receive your payments monthly, quarterly, annually?
- How many payments do you have left?
Example: You are receiving monthly payments for a term of 20 years. How many are left, or how many have you received?
These three pieces of vital information are the first step in finding out how what your payments are worth. Your future payments decrease in value as the years pass. Inflation and increased cost of living are not the only culprits. Part of your future payments contain interest that you are being paid for in exchange for agreeing to a structured settlement arrangement.
The insurance companies invest the money they do not have to pay you upfront to pay for their periodic payments to you, and to make money. It is a cash flow business. More and more people everyday are turning to companies that will buy structured settlements. People want to decide how they are going to make their money work the most for them.
To find out how much your payments are worth, get a free no obligation quote today! Get the advantage of knowing what your options are! Get the Woodbridge advantage! Call toll free 1-866-865-7044 or go to http://www.woodbridgeinvestments.com/quote_form.php
Only you can decide if structured settlement payments or getting alump sum is the right choice for you, but getting informed is the first step.