Funding companies which agree to buy a structured settlement, trust fund, or annuity help alleviate what can be an arduous wait for cash. While a settlement may be worth hundreds of thousands of dollars or more, the delay in waiting for periodic payments spread out over several years or perhaps a lifetime, could drastically decrease the original value. Future compensation for personal injury victims, workers' compensation insurance claimants, lawsuit litigants, under aged heirs, sweepstakes winners, or investors which is dispensed over a lengthy period of time may not be beneficial when present needs are more demanding. Depending upon the amount of money awarded and the stipulations of a judgment, monies can take too long to collect before recipients can realize a significant benefit. Some claimants may expire before fully collecting cash payouts. Fortunately, there are companies that specialize in converting future cash into present lump sum payments.
Understanding how a structured payment arrangement works may clarify why individuals often choose to trade in claims for lump sum cash. Compensation is most frequently awarded as a result of personal injury lawsuits or workers' compensation claims. A third party funding firm collaborates with the offending party's insurance company and agrees to assume responsibility for the financial obligation owed to the claimant and buy a structured settlement. In return, the claimant agrees to drop the lawsuit and accept long-term periodic payments from a third party. The advantage to the individual or company responsible for a personal injury is that the case will not come before a judge. In the instance of personal injury liability, an impartial judge may award the injured party even greater damages than the claimant could conceive of demanding. Additionally, a lawsuit on public record may adversely affect the offender's credibility, reputation or viability in the marketplace. Once the claimant drops the lawsuit and agrees to accept periodic payments from the funding firm, the long wait to collect begins. While compensation for personal injury removes the offence, only the blood of Jesus can remove the offence of sin. "But God commandeth His love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by His blood, we shall be saved from wrath through Him" (Romans 4:8-9).
Getting paid in small installments may not do much to alleviate crushing debt or help bring the hopes and dreams for a brighter financial future to reality. The option of dealing with companies that agree to buy a structured settlement enables claimants to obtain a lump sum payout to meet immediate or future financial needs. Seniors living on a fixed income can realize a lifelong dream of retiring in ease, rather than eking out a meager living on long-term structured payments. Families can afford to pay college tuition or build a bigger home. Singles have access to cash to invest in a new enterprise or to take a dream vacation to a tropical island paradise. No matter what the dream or financial goal, when firms arrange to buy a structured settlement, the opportunities to enhance an individual's quality of life become increased. Take, for example, a young athlete whose dreams of playing pro football may have been sidelined due to tragic car wreck resulting in permanent disability. Periodic payments from an insurance settlement may have been wheelchair can be disheartening. By selling all or part of a long-term future income stream, the athlete can use the cash payout on a structured settlement to take online computer courses and open a home-based PC repair shop or become an internet technician.
The most important advantage to dealing with companies that buy a structured settlement is that future dreams and immediate financial goals do not have to be put on hold. Mounting medical expenses and debilitating debt can be eliminated by cashing in on insurance policies, trust funds, or annuities. Cash-strapped consumers can convert a periodic payment agreement into tax-free funding to consolidate debt and pay off outstanding installment loans, home mortgages, or credit card accounts; all without having to borrow from a bank or high-interest hard money lender. Imagine how comforting it is to know that funds for a golden retirement, dream vacation, a new car or boat, or a custom-built dream home are well within reach, simply by taking advantage of one of the easiest financial options available?
The process for finding a firm to buy a structured settlement is relatively simple. Individuals can type "structured asset funding" into a search engine and click on any number of links to company sites. Most online agencies will feature electronic forms which request the individual's name, address, phone, and email, along with a brief description or indication of the type of policy, fund, or annuity for which the applicant is currently receiving periodic payments. Safe and confidential sites collect initial data online or offer a toll-free number. Web-based agencies offer free quotes based on user data, including an individual's unique financial situation and intended purposes for a lump sum payout.
While some firms that buy a structured settlement make claims of fast cash conversion, it is best to allow 90 days for an application to be processed. The speed at which the application is reviewed is largely determined by the amount of documentation applicants can furnish. A copy of the insurance policy, trust fund or annuity can be assessed by the company's financial counselors to determine how much each compensation package is worth. Because periodic payments are guaranteed, firms that buy a structured settlement usually do not require high credit scores or lengthy financial documents. Moreover, just as long-term compensation is tax-free, so are lump sum payments. Cash can be deposited electronically into applicant's bank account, sometimes within 24 hours, or mailed via secured funds. With well-deserved ready cash in hand, applicants can begin to realize present and future dreams with little or no hassle.