Friday, December 31, 2010
Structured Settlement Information
Structured Settlement Information
Fortunately for you, there is now a choice to access those annuity funds today! We want to provide you with general information on the facets of structured settlements, annuities and sellouts. If you want to sell your structured settlement you deserve the best information about annuities, and how to go about selling them.
What is a Structured Settlement?
A structured settlement for physical injury is the payment of money where all or part of the settlement calls for future periodic payments. If you are informed about all the ins and outs of structure settlement, you will be able to make the best decision for your personal finances. Take some time to get all the needed information before you make any decisions regarding structured settlement and annuities. There are many options available and you want to make the best choice.
Should I Sell / Cash-Out?
There are more than 400,000 individuals nationwide that have been awarded structured settlements. Many individuals experience a change during the annuity period that requires large sums of money. If those individuals have other avenues to obtain the required money, they should indeed explore them before selling their annuity.
The first question that an individual should ask themselves is: Do I need the money right now to buy a house or keep from filing bankruptcy? Just keep in mind that using your structured settlement should be a last resort. Only you can really decide if the reason requires your cashing in this security.
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