Life Settlement

A life settlement is done when a person wants to sell his or her policy in return for cash. The reasons behind this could be high premiums, medical problems, employment changes, bankruptcy, etc. It is wise to be well informed about the process and even more important to find a broker or a financial advisior who can make your life settlement worth your while.

What Every Senior Citizen Should Know about Life Settlements

When we start being referred to as a “senior citizen,” we cringe at the thought of not having steady income. Of course there are perks to retired life – including vacations, sleeping in, and not having to answer to anyone else. Yet with so many perks comes a stressful fear that we just won’t have enough money. Auspiciously, there are different ways that you can pick up additional cash. For some, this may be drastic, but it will satisfy your money hungry needs.

Licensed Senior Settlement Companies

Licensed senior settlement companies purchase unwanted policies from senior citizens and sell them to other interested groups. Other functions of their business include converting the policies to meet to current needs, inviting bids and compensating the seniors with lump sum amounts in cash. Once the policy is purchased by the company from the original policy holder, the company is responsible for all further premiums on that policy.

Sell Lottery Payments

It is better to sell lottery payments rather than thinking about a structured annuity payment. A structured annuity payment takes several years and the ups and downs in inflation can devalue your payment. Most financing companies dealing in lottery payments offer flexible financial alternatives. Time-based payout is also offered by these companies.

Present Value of Lottery Payments

Every year thousands of lottery winners convert their future lottery payments into present money. The value of your future lottery payments will considerably depreciate over the traditional payoff schedule of 20-25 years. Often, recipients of lottery payments receive less than the amount offered by state lotteries. The calculation of present value of lottery payments is done by many personal representative guidance services.

Structured Settlement Funding

Structured settlement funding is the funding over a structured settlement, a settlement in which the reward is paid to the plaintiff over a course of time. The period of time will vary according to the merit of the settlement, often from two years to the remaining life time. Unlike pre settlement funding, structured settlement funding does not depend upon the assumed strength of the settlement, as the settlement value is already determined. More over, an annuity or government bond generally guarantees structured settlements.

Pre Settlement Funding

Pre settlement funding is one of two lawsuit settlement funding methods, in which a person who has filed a compensation case can get funding in the form of a non-recourse loan from a pre settlement funding company on the basis of his or her pending case. Even if the settlement or verdict amount is smaller than anticipated, the amount to be repaid never exceeds the amount of the injured person’s share of the verdict. Pre settlement funding involves financing of on-going litigation, rather than buying legal fees after a settlement. The risk is much higher in pre settlement funding than post settlement funding and therefore pre settlement companies expect a much higher return.

The Lowdown on Structured Settlement Transfers

Everyone has seen the commercials – “Get cash now for your structured settlement payments!” Have you ever wondered what the real deal was with those companies and how you can make money from your structured settlement?

The Lowdown on Buyers of Structured Settlement Payments

The selling of structured settlements is a fairly new practice, perhaps because this type of settlement arrangement was once unknown and is now becoming more and more common.

How to Sell a Structured Settlement Payment

Structured settlement payments are not always the benefit they are made out to be. If you find yourself with a structured settlement but in need of a lump sum payment.

The Lowdown on Settlement Funding

You may have heard the term before, but few people really understand the ends and outs of settlement funding. What was once just a vague term has grown into a rather controversial issue causing many to take up arms in the conflict.

The Truth About Selling Your Structured Settlement

If you're receiving payments from a structured settlement, periodic payments may not be enough if you suddenly need a large sum of money. However, you have several options for selling your structured settlement which can be a fast way to solve an unforseen financial problem.

Contract Workers: You Still May Be Eligible for Workers' Comp

If you work as a contract worker for a U.S. company and you get injured on the job, you may be eligible for workers' compensation in spite of your official worker status.

Sell Structured Settlement Payments

An injury or an accident can be very devastating, considering the expenses that you will have to pay, especially if you need to rest and can’t work for a couple of months or years.

Need Money in a Hurry Than Selling Your Structured Settlement May Not Be The Answer

Need money in a hurry, than selling your structured settlement may not be the answer. It can take anywhere from six weeks to four months to get your money. Why you may ask?