Posts Tagged ‘lump sum payments’

How to Sell Structured Settlement Payments: 5 Easy Steps

1) Understand the Structured Settlement

It is common for plaintiffs in personal injury cases to be awarded a structured settlement. Simply put, a structured settlement is a legal settlement in which damages are awarded in the form of an annuity, as opposed to a single lump sum payment. More information on structured settlements can be found in the article What is a Structured Settlement?

2) Evaluate Reasons to Sell Structured Settlement Payments

Selling structured settlement payments is not for everyone. As with any important financial decision, it’s vital you research the issue carefully and consult with trusted legal and financial advisors. While general advice on the selling of structured settlement payments readily available, it is vital you consider your specific financial needs when deciding whether or not to sell your structured settlement payments. Reading Sell Settlement or Not? 3 Questions to Consider will give you a better idea of the questions you should be asking yourself during this process. 4 Reasons Not To Sell Structured Settlements explains the advantages and disadvantages of receiving lump sum payments.

3) Decide How Many Structured Settlement Installments to Sell

One of the many advantages of selling structured settlement payments is the flexibility of the process. When selling structured settlement payments for a lump sum payment there is no obligation to sell your entire structured settlement. You are able to choose which structured settlement payments to sell based on your financial needs. When is a Good Time to Sell a Structured Settlement? provides information on the best time to sell structured settlement payments.

4) Research Structured Settlement Buyers

Different structured settlement buyers offer different terms and conditions. It’s important you find a trusted structured settlement buyer that provides the best options for you to sell your structured settlement payments. Since 1993, Woodbridge Structured Funding, LLC, and its predecessor companies, has been a pioneer in the financial services industry. Woodbridge Structured Funding has been an innovator in the purchase of future structured settlement payments in return for a lump sum, and continues to be an industry leader today.

5) Contact Structured Settlement Purchasers for Quotes

Before you successfully sell structured settlement payments it’s a good idea to do some market research. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor now. You can also contact us online for a free quote. It’s quick, easy, and all information is kept strictly confidential.

Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.

Categories: Blog, Sell Structured Settlement Payments, Structured Settlements, Uncategorized, sell structured settlement, structured settlement, structured settlement payments.

Sell Annuity for Lump Sum Payments Now or Wait?

Should You Sell Annuity Payments Now?

Annuities can be extremely beneficial investments. Whether you invested in an annuity, have been awarded a structured settlement, or won a lottery or casino jackpot, you’re likely sitting on a stable investment that can provide steady income for a long time to come. So why would you want to sell annuity payments? There are several reasons people sell an annuity for a lump sum payment. The primary motivation for many Woodbridge Structured Funding clients who decide to sell their structured settlement payments is to gain more control over their finances. It’s nice to have an annuity as backup, but when you need that capital for medical bills, a down payment on property, or other large expenses, having it locked up in an annuity can be counterproductive. If and when the need arises or an opportunity presents itself, you have the option of selling your future structured settlement payments. There is no reason to wait when you can benefit immediately by selling all or a portion of your payments for a lump sum and make the money work for you today.

Can You Receive Multiple Lump Sum Payments?

Another reason recipients of periodic payments seek a structured settlement annuity buyer is because they would like to shift some of their annuity into another investment. While your money is tied up in an annuity, you’re locked into a stagnant return. A prime reason people sell annuity payments to Woodbridge Structured Funding for a lump sum payment is so that they can invest in other higher yielding areas. Whether it is stocks or a life insurance policy, your money could be doing more for you if it wasn’t stuck in a single investment like an annuity. It’s your money, and how you choose to invest it should be your decision.

Furthermore, you’re not required to sell all of your annuity payments at once. You can cash out structured settlements in stages, taking out only the money you need, while leaving the remainder of the annuity intact. Another common situation that brings annuity holders to a structured settlement annuity buyer is the potential tax consequences levied against heirs who inherit the annuity. It’s not unusual to sell annuity payments in order to transfer that money into other investment vehicles that are not taxed as highly when transferred from one generation to the next. The decision to sell an annuity for lump sum payments isn’t just an investment in your future, it’s an investment in your family’s future.

Why Wait to Sell Annuity Payments?

Any financial decision should be carefully considered and discussed with advisors and the decision to cash out a structured settlement for a lump sum payment is no different. Before you seek a structured settlement annuity buyer or decide to sell annuity payments, it’s important to consider your current and future financial needs. How dependent are you on the annuity for future income? Can the funds in the annuity be put to better use elsewhere? Keep in mind, there is no need to cash out a structured settlement at once. You can sell annuity payments as it best suits your personal financial situation. You’re never under any pressure to sell the entire annuity; the lump sum should be based on your current needs and goals.

Contact Woodbridge Structured Funding at (866-865-7044) and get your free quote today. Our experienced staff can answer any questions you have about lump sum payments.

Categories: Annuity Payments, Blog, Uncategorized, annuities, lump sum, lump sum payments, sell annuities, sell annuity payments.

4 Reasons Not To Sell Structured Settlements

If you’ve received a personal injury structured settlement you may be unsure about what to do with it. Should you continue to receive periodic incremental payments or should you sell annuity payments in exchange for a lump sum payment? For years, Woodbridge Structured Funding, LLC has been advising individuals on whether or not to sell structured settlements for cash. Each case is different, and there is no one size fits all answer when it comes to the issue of whether or not to sell structured settlements. You might want to exchange your structured settlement for cash and you might not. Following, are four reasons to not sell structured settlements. You must consider how each issue applies to your case, and you’ll have a better idea of whether or not you want to sell annuity payments. You’re not alone with this decision; contact Woodbridge anytime for guidance and a free quote!

1) If I Sell Annuity Payments My Money Will Run Out Quicker

The long-term security of the structured settlement is one of its most appealing features, especially for those in the midst of turbulent times – and many of the plaintiffs that receive personal injury structured settlement often face hardships in their lives. Confronted with a period of unemployment while your injuries heal, deciding to sell annuity payments may seem impulsive.

The upside is that if you sell structured settlements for cash you are free to do with the money as you wish. Many often decide to sell structured settlements, and invest the money in higher-returning annuities. The difference between an annuity and a structured settlement is that there is more flexibility with an investment annuity while the structured settlement is inflexible – you can’t take out more money when you need it, increase the base amount, nor move it into a better performing account,. If you invest wisely, you get the stability of the original structured settlement, with more control and more return on your investment.

2) I Can’t Manage My Personal Injury Structured Settlement

Not everyone is excited about investing. If you sell structured settlements for cash you will be in charge of managing your own money. This can be daunting, especially considering the size of some lump sum payments. The challenge of investing can be enough to cause some to decide not to sell their structured settlement payments, figuring their money is better off in the hands of the third party administrator of the structured settlement.

This is not necessarily the case. While it’s true that if you choose not to exchange your structured settlement for cash it will remain a steady source of income, it’s not necessarily a safe and sustainable investment. The reason for this is inflation. It’s quite likely that the value of your personal injury structured settlement payments will decrease over the many years it takes to pay out the entire structured settlement. Fortunately, the burden of managing your lump sum payment is not yours alone if you decide to sell structured settlements for cash. There are many qualified financial advisers who can help you invest; it’s a wise move to start researching investment advisors before you sell annuity payments.

3) I Have No Pressing Need to Sell Structured Settlements for Cash

If your bills are under control, mortgages are paid off, and hospital bills paid in full, you don’t necessarily need to sell annuity payments and exchange your structured settlement for cash. After all, if you don’t need the money, why sell structured settlements when you keep the personal injury structured settlement as a steady source of income?

There’s nothing wrong with this decision, but as we mentioned above, structured settlements are not high performing investments. Even if there aren’t any urgent bills forcing you to sell structured settlements for cash right now, your settlement is not being invested to its full potential if you decide not to sell annuity payments. If you sell structured settlements for cash now and invest in a higher rate investment, you’ll have more money if and when you urgently need it.

4) I Don’t Know Who to Sell Structured Settlements To

There are a number of players in the personal injury structured settlement field. Woodbridge Structured Funding, and its predecessor companies, has been a leading buyer of structured settlements for nearly two decades, and is the preferred company for many seeking to sell annuity payments to a trusted, reliable buyer. We have years of experience counseling plaintiffs considering whether or not to sell structured settlements for cash, and we bring a personal approach and years of experience, to each and every case.

If you’re wondering what Woodbridge Structured Funding can do for you and your personal injury structured settlement just give us a call (866-865-7044) and get your free quote today.

Categories: Blog, Structured Settlements, Uncategorized, structured settlement, structured settlement payments.

What is a Structured Settlement?

A structured settlement is an annuity established in the settlement of a personal injury, harassment, malpractice, or liability case. Instead of collecting the settlement all at once in a lump sum payment, the plaintiff receives regular, periodic payments, usually spread over a long period of time. Woodbridge Structured Funding works with individuals seeking to sell structured settlements. Read on to find out how selling your structured settlement can help make your dreams come true.

What Does a Structured Settlement Mean for Me?

Let’s examine the case of Cody, who also had reason to ask, “What is a structured settlement?”

Cody was hurt in a golfing accident and filed a lawsuit against the golf course. He won the case and was awarded a settlement of $50,000.00. When Cody heard the amount, he immediately thought of all the things he could do with the settlement money. He imagined buying a boat, paying off his expensive student loans, and planning a trip around the world.

Then Cody learned that his award was a structured settlement, paid out over a span of twenty years. This means that each year Cody will receive only $2,500.

What Can I Do With a Structured Settlement?

Keep it: You can choose to hold onto your structured settlement, collecting the money in the predetermined increments until it is paid in full. This will give you a guaranteed, steady income, but, like Cody’s, the payments may be too small to realize your dreams or pay your bills. Cody’s settlement was paid over a span of twenty years, but some structured settlements are scheduled for an even longer period of time. As a result, people often sell structured settlements to maximize the financial benefits of their structured settlement, or to fund medical and legal expenditures.

Cody’s $2,500 annual structured settlement payments were barely enough to cover monthly payments on one of his credit cards – if he stuck with the structured settlement he had no chance of paying off his student loans, let alone embarking on his sailing dream. After researching and learning some of the reasons people in similar circumstances sell structured settlements, he contacted Woodbridge Structured Funding and consulted with our experienced settlement professionals about the best course of action.

Sell it: After conferring with Woodbridge Structured Funding and his own financial planner, Cody realized selling his structured settlement was the route to realizing his dreams. Cody sold the structured settlement and received a large lump sum payment. After paying off his loans, he was able to invest several thousand dollars and still have money left over to accomplish the dreams he had when the case first settled.

Sell Structured Settlements: Is it Right for Me?

Because every situation is unique, there is no simple answer to what you should do with your structured settlement. However, you should always consider all options while deciding whether or not to sell your structured settlement. Woodbridge Structured Funding has decades of structured settlement experience and if you’re still wondering “what is a structured settlement?” or are ready to get your free quote, contact Woodbridge Structured Funding (866-865-7044)and begin realizing your dreams.

Categories: Blog, Sell Structured Settlement Payments, Structured Settlements, Uncategorized, sell structured settlement, selling structured settlement, structured settlement.

Don’t fall into a financial pitfall.

Financial considerations for after you sell a structured settlement, lottery winnings or annuity payments

Selling your structured settlement, lottery winnings or selling an annuity payment by no means automatically suggests that you are not financially planning for the future.
Yes, there are many pitfalls that one can fall into after selling a structured settlement, lottery winning or annuity payment, but these can easily be avoided just by keeping a few pointers in mind.

1) Sell up to the budget that’s needed

Take some time before you sell your structured settlement, lottery winnings or annuity payment to set up your own budget and identify how much lump sum money is needed. Sell only the portion of payments that’s needed to fulfill this budget. Most Structured settlement companies will allow you to sell a portion of payments and if you need more at a future date you can sell your remaining payments

2) Determine long term and short term financial goals

Just because you should budget does not mean that you shouldn’t take advantage of the large amount of money you just got by selling a structured settlement, lottery winnings or annuity payments. Go ahead and enjoy, buy a new gift for yourself. However, don’t buy a car or boat right away if that wasn’t in your budget. It is good practice to limit what you spend a large amount of money on right away so you can see what the rest of your new spending habits are like. You might realize that you just can’t help going out for a lot of fancy dinners. Take some time to slowly evaluate what you want to spend your money on.

3) Think outside the box about spending

Right now your financial responsibilities may be limited. Think also about your future. Don’t forget that down the road you may have other people in your family or close circle of friends that you might need to take care of financially. Before you start spending the money you just got, make sure you cover all your bases and try to anticipate all of the large expenses you’ll have to cover in the next five or twenty-five years.

Selling a structured settlement, lottery winnings or selling annuity payments can be a great and fiscally responsible thing to do, as long as you take all aspects of managing your finances into consideration. For a free quote on how much money for future payments you can get, visit our free quote page

Categories: Annuity Payments, Blog, Buyer of Structured Settlement Payment, Cash Structured Settlements, Woodbridge Investments LLC, buyer of structured settlement, cash advance, cash advance for settlements, cash advances, cash for annuity payments, cash now, future payments, get a lump sum, injury settlement, insurance company, investments, sell annuities, sell annuity payments, structured settlement.