إظهار الرسائل ذات التسميات Structured Settlement. إظهار كافة الرسائل
إظهار الرسائل ذات التسميات Structured Settlement. إظهار كافة الرسائل
on الجمعة، 4 أبريل 2014
When you sell a structured settlement you get , time value of money
Structured settlements are financial packages or financial agreements that allow to reach a settlement by paying an annual premium by installments regularly scheduled either for a fixed period or for the lifetime of the claimant . Because it is designed specifically for individual cases , structured settlement may also include some immediate payment to cover special needs.
In terms of man's secular , structured settlements are also known as structured settlement annuity insurance structured settlements , settlement and annuity premiums orderly and structured settlement payments.
Structured settlements payments are typically funded from annual premiums , re- insurance , or sometimes the obligations of the Government of the United States. Structured Settlements are mostly from the preparation of the lawsuit settlements and lottery prizes , and gains and casino jackpot insurance payments and settlements contest.
Structured settlements or annuity settlements - when it was created ?
Structured settlements or settlement payments structural inappropriate in all kind of situations. Due to the settlement structures allow funds to grow tax revenues and maintained to meet the financial needs of the future , any issue of liability could be suitable for a structured settlement or structured settlements insurance .
Structured settlements or annuity structured settlements are designed for many kinds of cases, though , including :
- Catastrophic all issues including paralysis , brain damage , severe burns , loss of limbs or severe cases .
- Cases of wrongful death , where you will need a family surviving a regular income to replace the loss of the spouse / parent .
Temporary or permanent disability that will take some time for recovery and wide-ranging .
- Most of the workers compensation cases - most cases with the reserves or the value of $ 00 050 or more, for example, lottery or casino prizes .
- Custody cases where there are minor children or someone else is judged to be incompetent people with disabilities , such as mental or emotional or psychological .
Structured settlements or structured settlement payments - how it was created ?
Structured settlements or annuity structured settlement can form in many different ways , and its structure is mainly determined by the financial needs of the claimant . Is created simpler structured settlements with cash distribution even on temporary given the duration of the agreement. And these could include the settlement payment every month for 15-20 years as an example .
The settlement agreement includes premiums or settlement advanced structural correctly also the time value of money because it is by design , they do not pay interest . Interest is calculated as part of the amount paid . In essence, the settlement includes a fixed interest rate regulator also exempt from taxes altogether as part of the settlement .
The benefits of structured settlement :
Benefits claimants :
1 - Selection : Allows demands an option in the settlement . Can receive benefits based on needs rather than a lump that you should invest in danger , incurring a fee.
2 - Tax: structured settlements or annuity structured to provide cash to the demands that are completely free of taxes owed , whether at the federal level and the state level 3 . Regular payment stream : a structured settlement annuity provides a stream of regular payment of the claim .
4 - safer : securing maximum security , where the annual periodic payments funded or reinsurance issued by the largest , most life insurance companies .
5 - building settlements or settlement payments structural cheaper : Another benefit of structured settlements that are often reached without loss risk and time to go to court.
Benefits for the defense :
1 - fill in the gaps : help bridge the gaps between the plaintiff and the defendant .
2 - reduces litigation costs : for many reasons , will make the defendants who think they can take responsibility for an offer to settle the regulator to reduce their costs.
3 - Reduce the cost of the settlement : Age rating level without significantly reducing the cost of settlement
4 - structured settlements or settlement payments structural cheaper, because they often reached without loss risk and time to go to court.
You can sell structured settlements, settlements or your insurance regulator !
Now you can sell your monthly payments the future of structured settlements and be free of restrictive schedule of cash payments imposed by the settlement of your insurance regulator . There are some companies structured settlements ; that will pay you a large sum of cash now , instead of , you can receive monthly payments for the remainder of a smaller payout .
You might want to sell Structured Settlement or settlements annuity your due to some of the following reasons :
1 - put you life changed since the creation of your own structural adjustment .
2 . You have an emergency or event in your life a special opportunity that requires cash you do not have currently .
3 - you need to start a new business but can not afford the necessary cash .
4 - you need money for a special event in your life , such as the wedding of your child.
5 - you have exceeded your current home but do not know where to find the money to buy a bigger house or add to your existing home .
You also have the choice to sell your settlement annuity or annuity structured to suit your requirements as follows :
- Disbursement of these amounts in full : " full payment " refers to a plan where the individual sells all future payments remaining in the present value discounted lump .
- Partial acquisitions : partial payment refers to a plan where the individual sells a certain number of future payments discounted present value of the payment amount .
- Sharing payment plans : " Payment of common " refers to the plan as part of their friends sell payment (s) discounted future value of this individual remains part .
I personally believe that the most important reason for the sale of Structured Settlement or insurance structured settlements today is that you can take advantage of the principle of financial " time value of money " , which means that the dollar is more valuable to you today than it will be in the future ; You can get your money before killing inflation value.
Dealing with a company structured settlements , which will be structured on the basis of the movement to specific financial requirements and only get a portion of your payment stream what is necessary to meet your needs .
Structured settlements are financial packages or financial agreements that allow to reach a settlement by paying an annual premium by installments regularly scheduled either for a fixed period or for the lifetime of the claimant . Because it is designed specifically for individual cases , structured settlement may also include some immediate payment to cover special needs.
In terms of man's secular , structured settlements are also known as structured settlement annuity insurance structured settlements , settlement and annuity premiums orderly and structured settlement payments.
Structured settlements payments are typically funded from annual premiums , re- insurance , or sometimes the obligations of the Government of the United States. Structured Settlements are mostly from the preparation of the lawsuit settlements and lottery prizes , and gains and casino jackpot insurance payments and settlements contest.
Structured settlements or annuity settlements - when it was created ?
Structured settlements or settlement payments structural inappropriate in all kind of situations. Due to the settlement structures allow funds to grow tax revenues and maintained to meet the financial needs of the future , any issue of liability could be suitable for a structured settlement or structured settlements insurance .
Structured settlements or annuity structured settlements are designed for many kinds of cases, though , including :
- Catastrophic all issues including paralysis , brain damage , severe burns , loss of limbs or severe cases .
- Cases of wrongful death , where you will need a family surviving a regular income to replace the loss of the spouse / parent .
Temporary or permanent disability that will take some time for recovery and wide-ranging .
- Most of the workers compensation cases - most cases with the reserves or the value of $ 00 050 or more, for example, lottery or casino prizes .
- Custody cases where there are minor children or someone else is judged to be incompetent people with disabilities , such as mental or emotional or psychological .
Structured settlements or structured settlement payments - how it was created ?
Structured settlements or annuity structured settlement can form in many different ways , and its structure is mainly determined by the financial needs of the claimant . Is created simpler structured settlements with cash distribution even on temporary given the duration of the agreement. And these could include the settlement payment every month for 15-20 years as an example .
The settlement agreement includes premiums or settlement advanced structural correctly also the time value of money because it is by design , they do not pay interest . Interest is calculated as part of the amount paid . In essence, the settlement includes a fixed interest rate regulator also exempt from taxes altogether as part of the settlement .
The benefits of structured settlement :
Benefits claimants :
1 - Selection : Allows demands an option in the settlement . Can receive benefits based on needs rather than a lump that you should invest in danger , incurring a fee.
2 - Tax: structured settlements or annuity structured to provide cash to the demands that are completely free of taxes owed , whether at the federal level and the state level 3 . Regular payment stream : a structured settlement annuity provides a stream of regular payment of the claim .
4 - safer : securing maximum security , where the annual periodic payments funded or reinsurance issued by the largest , most life insurance companies .
5 - building settlements or settlement payments structural cheaper : Another benefit of structured settlements that are often reached without loss risk and time to go to court.
Benefits for the defense :
1 - fill in the gaps : help bridge the gaps between the plaintiff and the defendant .
2 - reduces litigation costs : for many reasons , will make the defendants who think they can take responsibility for an offer to settle the regulator to reduce their costs.
3 - Reduce the cost of the settlement : Age rating level without significantly reducing the cost of settlement
4 - structured settlements or settlement payments structural cheaper, because they often reached without loss risk and time to go to court.
You can sell structured settlements, settlements or your insurance regulator !
Now you can sell your monthly payments the future of structured settlements and be free of restrictive schedule of cash payments imposed by the settlement of your insurance regulator . There are some companies structured settlements ; that will pay you a large sum of cash now , instead of , you can receive monthly payments for the remainder of a smaller payout .
You might want to sell Structured Settlement or settlements annuity your due to some of the following reasons :
1 - put you life changed since the creation of your own structural adjustment .
2 . You have an emergency or event in your life a special opportunity that requires cash you do not have currently .
3 - you need to start a new business but can not afford the necessary cash .
4 - you need money for a special event in your life , such as the wedding of your child.
5 - you have exceeded your current home but do not know where to find the money to buy a bigger house or add to your existing home .
You also have the choice to sell your settlement annuity or annuity structured to suit your requirements as follows :
- Disbursement of these amounts in full : " full payment " refers to a plan where the individual sells all future payments remaining in the present value discounted lump .
- Partial acquisitions : partial payment refers to a plan where the individual sells a certain number of future payments discounted present value of the payment amount .
- Sharing payment plans : " Payment of common " refers to the plan as part of their friends sell payment (s) discounted future value of this individual remains part .
I personally believe that the most important reason for the sale of Structured Settlement or insurance structured settlements today is that you can take advantage of the principle of financial " time value of money " , which means that the dollar is more valuable to you today than it will be in the future ; You can get your money before killing inflation value.
Dealing with a company structured settlements , which will be structured on the basis of the movement to specific financial requirements and only get a portion of your payment stream what is necessary to meet your needs .
on الثلاثاء، 4 مارس 2014
What is a Structured Settlement Annuity ?
If you ever watch any TV, you’ve likely seen a commercial advertising
something to the effect of: “It’s your money and I’ll help you get it
now!” These commercials are advertising structured settlement buyouts
to people who were awarded structured settlement annuities to get more
money in their pocket instead of waiting for periodic payments.
Structured Settlement Annuities
A structured settlement annuity tax free way of providing money to a
victim who was injured in an accident and is no longer able to work.
These are usually awarded to settle a case out of court. Instead of
paying all of the damage is the case at once, the annuity is purchased
to allow periodic payments for a predetermined amount of time to help
support the victim through the recovery process.
If you’re injured in a car accident and no longer able to work, you
can sue the driver who caused the accident. Rather than suing the
driver, you’re actually suing the insurance company who provides his or
her liability insurance.
- The driver’s auto insurance company purchases an annuity for the amount you settle for, from a life insurance company.
- The insurance company owns the annuity and names you as the annuitant, or the beneficiary of the annuity.
- The annuity gives you payments as per the agreement. Sometimes the annuity will have cost of living increases built in, to help the money continue to provide support for years to come.
What are the Features of a Structured Settlement Annuity?
Structured settlement annuities are tax-free income
disbursements.These annuities are funded by large, well-financially
backed insurance companies, so the recipient typically does not have to
worry about what will happen to the settlement if the company who funds
it goes out of business.
Structured settlement agreements must be approved by the court to
protect the plaintiff. Features will vary depending on the insurance
company that buys the annuity, and where they buy it from. Some of them
will offer a lump sum payment in conjunction with periodic payments,
while others will offer periodic payments that increase or decrease over
time.
Lump Sum vs. Periodic Payments
Lump sum means you’ll get a percentage of your settlement on a
certain date. Periodic payments mean you will get a certain amount of
money every month for a certain number of years (sometimes for life) as
per the annuity agreement.
Can I have a lump sum and periodic payments?
Yes, some annuities do allow for this. The lump sum is given at the
beginning to help you with legal fees and medical bills, while the
periodic payments are intended to support you while you cannot work.
If you have any questions or concerns about structured settlement
annuities, talk to an experienced lawyer in your area. If you already
have one and are interested in selling all or part of your remaining
payments for a lump sum of cash, then you will still need to talk to a
lawyer, because all transfers of annuities must be approved by the
court.
Structured Settlement Purchase
Why would a company want to purchase a structured settlement
from a person receiving regular installments in compensation for a
personal injury? The answer is clear: the company is guaranteed a
steady, safe cash flow that is generally not taxable in return for a
lump sum of money of about half the value of the full-term settlement.
When companies buy a structured settlement they are always getting the
better end of the deal, no matter how appealing the quick cash may seem
to the seller. These companies are generally not out to make life better
for injured persons, but instead are seeking to profit from those
persons' pressing financial needs or eagerness to be free from what may
seem to many like an allowance. This is why persons wishing to sell
settlements need to be very, very careful about who they sell those
settlements to.
First of all, exactly what are structured
settlements and how do such arrangements work? When a person wins a
lawsuit based on worker's compensation, personal injury, or medical
malpractice, often the court will rule that compensation be paid in
installments, either in small, regular amounts or a few lump sums over
the years. Often, these payment plans will cease upon the death of the
payee, whether or not there are dependents involved. Before accepting a
compromise, injured persons need to work closely with lawyers to ensure
that the settlement is going to benefit them to the fullest possible
extent in order to prevent future financial distress and the loss of
well-deserved compensation. This careful planning will prevent the
undesirable necessity of finding a company to purchase a structured
settlement from its possessor when he finds that waiting for a monthly
check isn't a tolerable system.
If, however, a person has
already settled a legal case and finds that the periodic payment plan is
not working for him or decides that larger amounts of money are needed
immediately in order to purchase medical equipment, a customized vehicle
or home to accommodate injuries, or similar items, or does not expect
to live long enough to benefit from long-term compensation, may want to
consult various companies that offer to buy a structured settlement.
Such companies will allow him to sign over annuities in exchange for
immediately accessible cash. Persons considering this option should know
that while their annuities are not subject to taxation, the lump sum
received from a third party may very well be, causing them to lose even
more well-deserved money. This is a decision that requires long, hard
thought and should not be entered in to hastily or lightly, as its
consequences can be disappointing at best and catastrophic at worst. If a
person is confident in his investing and money-handling skills, he
might be able to pull off the sale of his annuities aptly, but this is
not always the case.
In general, this option is a very bad investment decision, as it is possible to lose up to half of one's settlement money in the process. Plus, persons on a periodic payment are often unable to work and need the regular installments to meet their daily needs; if these payments cease and the person is unable to support himself by working due to injuries, his financial need will be much greater than before a company agreed to purchase a structured settlement from him. A Biblical proverb sums up this situation very well: "The simple inherit folly, but the prudent are crowned with knowledge" (Proverbs 14:18). This is a financial decision that could end in folly, especially if rushed into without sufficient forethought and good legal advice.
If a person is absolutely sure that finding a company to buy a structured settlement from him is the most viable option, there are a few ways to ensure that the owner receives the very best deal. First, he should compare quotes at different settlement companies to see which is going to give him the highest payoff with the fewest risks; many online companies allow customers to get a free quote over the Internet. Next, he should be sure that the chosen company has a good reputation for paying its customers in-full and on time and that it is well-funded, licensed, and insured so that it doesn't go bankrupt and leave him with nothing. After selecting a trustworthy company, the person should consult a lawyer to ensure that proceedings are in his favor and that the sum received in return for annuities is reasonable and fair; he may choose to sell the entire settlement or only a part of it--the latter, of course, is the best choice. By following these steps, selling one's settlement may be a safe, prudent, and beneficial option for a person in financial distress.
It is important to know that selling one's annuities is not always a possibility. About one-third of states have laws that do not allow businesses to purchase a structured settlement, and some insurance companies are not willing to transfer annuities to another entity. In this case, a person will have to find another solution for their financial needs besides selling. Persons who are unsure whether their state of residence restricts such sales should consult a lawyer for advice. For the other two-thirds of the country, however, finding a company to buy a structured settlement is a feasible, if not advisable, option--a last resort for the financially stressed, sure to offer immediately accessible funds in a very short time frame.
In general, this option is a very bad investment decision, as it is possible to lose up to half of one's settlement money in the process. Plus, persons on a periodic payment are often unable to work and need the regular installments to meet their daily needs; if these payments cease and the person is unable to support himself by working due to injuries, his financial need will be much greater than before a company agreed to purchase a structured settlement from him. A Biblical proverb sums up this situation very well: "The simple inherit folly, but the prudent are crowned with knowledge" (Proverbs 14:18). This is a financial decision that could end in folly, especially if rushed into without sufficient forethought and good legal advice.
If a person is absolutely sure that finding a company to buy a structured settlement from him is the most viable option, there are a few ways to ensure that the owner receives the very best deal. First, he should compare quotes at different settlement companies to see which is going to give him the highest payoff with the fewest risks; many online companies allow customers to get a free quote over the Internet. Next, he should be sure that the chosen company has a good reputation for paying its customers in-full and on time and that it is well-funded, licensed, and insured so that it doesn't go bankrupt and leave him with nothing. After selecting a trustworthy company, the person should consult a lawyer to ensure that proceedings are in his favor and that the sum received in return for annuities is reasonable and fair; he may choose to sell the entire settlement or only a part of it--the latter, of course, is the best choice. By following these steps, selling one's settlement may be a safe, prudent, and beneficial option for a person in financial distress.
It is important to know that selling one's annuities is not always a possibility. About one-third of states have laws that do not allow businesses to purchase a structured settlement, and some insurance companies are not willing to transfer annuities to another entity. In this case, a person will have to find another solution for their financial needs besides selling. Persons who are unsure whether their state of residence restricts such sales should consult a lawyer for advice. For the other two-thirds of the country, however, finding a company to buy a structured settlement is a feasible, if not advisable, option--a last resort for the financially stressed, sure to offer immediately accessible funds in a very short time frame.
Structured Settlements
You
see them everywhere. Their commercials are on the television. Their
ads are in print. Their banners show up online every now and again.
They are the companies that buy
structured settlements. Over the past few years, their presence has
skyrocketed to the point where they nearly feel unavoidable. And with
each passing year, there seems to be even more of their kind hitting the
market. But why?
Structured Settlement Basics
In order to fully answer why there are
so many companies that buy structured settlements out there, you should
first have a grasp of what exactly is a structured settlement.
A structured settlement
is a court-based financial arrangement where a person receives a fixed
series of payments over a designated period of time. It is designed to
provide a person a steady stream of money over time instead of a lump
sum of cash all at once.
However, there is enough wiggle room
within a structured settlement that enables a person to sell it to
companies that buy structured settlements in exchange for a lump sum.
This transaction is governed by various court regulations such as the
Structured Settlement Protection Act which state that the transaction
cannot be completed if the person intends on using the lump sum for
frivolous means.
Very Popular
Even with the stringent legal rules in
place, the notion of selling a structured settlement to a secondary
buyer has become increasingly popular for two major reasons:
- Economic downturn – Even though the country has been showing signs of coming out of economic struggles, the financial woes of the past few years – high unemployment, underemployment, and the housing bubble burst come to mind – continue to manifest today.
- Lump sum usage – Despite the use restrictions, there are still plenty of solid uses for a lump sum structured settlement payment to be utilized. A person can use it to pay off an overwhelming amount of credit card or student loan debt, to take care of unexpected funeral costs that might have cropped up, or to pay off unpaid medical bills that spring up in the wake of an unexpected emergency.
In essence, the proliferation of these
companies can be explained by the laws of supply and demand. As more
people had gotten in financial dire straits, the need to sell structured
settlements as a means to obtaining an out became more prevalent. And
studies show that the industry is still rock solid even as the economy
recovers, as it currently enjoys a billion dollar status.
With all that said, the question
remains: Is contacting one of these companies that buy structured
settlements the right call for you, should you have a structured
settlement and are in a financial bind? Truth be told, there is no
right or wrong answer to this inquiry. It truly depends on a host of
different factors that vary from individual to individual. Your best
bet to see if it the proper procedure for you is to contact a financial
expert or advisor.
structured settlement
If you find that you are thinking to yourself, “I should sell my structured settlement for cash”, you should know that the process usually takes two to three months. Though, in some cases, Strategic Capital has completed a purchase in as little as 18 days! So, while the process involves a number of steps, there are ways to speed it up. With Strategic Capital most of the steps are done for you, but some of the work can be done by nobody except for you .
Most of the steps in the process are common to any person who has
wondered about how to “sell my structured settlement for cash”, no matter how much your payments are or where you live. Of course, your Strategic Capital expert can give
you the details that are specific to you, but the graphic below shows
you the general process that you will go through in selling your
settlement. The graphic is followed by a list that provides just a bit
more detail without the visuals :
- The first step after you wonder “can I sell my structured settlement for cash” is when you contact some factoring companies and get a competitive quote. Be sure to choose a company that is reputable and that you feel comfortable with. You should compare quotes from multiple companies and make an informed decision of who to work with.
- Once you contact Strategic Capital, one of our structured settlement experts will contact you. They will ask you some questions to better understand your needs and to get all of the details of your settlement. It is important that you are honest and forthcoming as this information is used to provide your specific quote and begin filling out any legal paperwork that is needed should you decide to sell.
- You will then receive an official quote from the company which should detail all fees and the net lump sum payment to you should you sell. Ensure that you understand the quote and ask any questions that you have. Ensure that you compare the net lump sum price, AFTER all fees, between any competing quotes that you get.
- The company will then send you copies of all disclosures and contracts to sign and send back. Want to know, “what can I do to sell my structured settlement for cash faster?” The more quickly you return signed paperwork, the faster you will get your money.
- The factoring company’s lawyer will begin filing documents on your behalf. These will be legal documents filed with the court; they will be the same documents that you reviewed and signed. The lawyer will contact you if any additional information or signatures are needed.
- A hearing will be scheduled with your local court. The factoring company’s representative will inform you of the date and tell you how to prepare for your hearing. They can also tell you what to expect at your court hearing.
- The judge will then approve and sign your sale order; in rare situations your sale may be denied at this stage, but this rarely happens with Strategic Capital..
- The approved sale order will be sent to the insurance company that pays your annuity and their acknowledgement will be requested.
- Soon after you will receive your funds from the company who is buying your payments and the company will start to receive your payments instead of you.
"cash structured settlement "
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