Qualifying To Sell Structured Settlement Payments
Filed under: Structured Settlements — Structured Settlement Expert @ 5:02 pm
Structured settlements are arranged for those who have been involved in personal injury lawsuits and are subsequently entitled to a financial award. Instead of giving the claimant the award all at once, a structured settlement provides for ongoing, periodic payments made directly to the claimant and funded by an annuity that is set up for this purpose. Structured settlements tend to be beneficial for all parties involved and they allow for continued financial assistance for the claimant over time.
In some cases, a structured settlement recipient may find – down the road – that they need a sum of money in excess of that provided by the current payments. In such a case, the recipient may choose to sell all or part of their future structured settlement payments in order to gather the funds that they require. Purchasing companies will pay the recipient a lump sum of money for the rights to receive all or part of their future annuity payments.
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