Structured Settlement Consultant

If you were injured in an accident and are receiving payments from a structured settlement you have options. Our service provides you a way to get expert assistance at no charge or obligation to you. You can call our eight hundred phone number and speak to a specialist that will take the time to understand your specific circumstances. You should be as open as you can about your current financial situation and your needs so he can provide you with options that can really help improve your circumstances for the short and long term.

First a little background. Structured settlements were initially conceived and set up to help injured parties to have money to meet their long term financial obligations. This is particularly the case for those that can no longer work and will relay on the settlement as a substantial part of their income. In the overwhelming majority when a structure is set up it is done as properly as can one can project financial needs going out many years in the future. However, there are times when ones circumstance may require a larger sum of cash than their current settlement is providing.

Unfortunately, the original settlement is not flexible and does not allow one to change the terms or withdraw a larger sum of cash. Because of this a new industry was created to provide a way to cash out future payments for a lump sum.

Your settlement is an annuity and there is a cash value to it. Companies will purchase your annuity but you should be prepared that the value of future payments is not the same as the cash value in today’s dollars.

As a settlement recipient you have options. You can get the cash you need using your settlement. It is important to understand what your options are and what will work best for your particular situation.

First you can cash in your entire settlement for one large lump sum payout if you so wish. This is your first option available to you.

Next you can cash in only a portion of your future payments – you decide how much cash you need and sell only the number of payments to meet that level. The remaining payments will stay intact and you will receive your payments as usual for those you do not sell.

When considering how many payments to sell you want to be careful to make sure the payment will cover your needs. Many people make the mistake of cashing out too few payments and end returning only weeks or months later to sell more payments. You can save yourself a lot of time and effort to plan correctly – this is best done in an open conversation with an expert that can guide you on this matter.