Structured Settlement: The Pension You Can Sell

2007-03-08 10:33:40

( Insurance )



WHEN CASH IS NEEDED

In the face of life’s many uncertainties, there are unforeseen circumstances that can force us to sell our properties and assets in exchange for ready cash that while may be taster to consume is so much more flexible.

A structured settlement is one of the more common sources of cash settlement. You can sell structured settlement in exchange for a lump sum that you can use however which way you want. This form of cash settlement will provide you fast cash when your money is otherwise bound to a deferred installment that you have no choice but to wait for.

Similar to a pension that you receive regularly, a structured settlement is a financial obligation that you have the right to receive by virtue of a legal agreement that you have entered into. You become the recipient of this compensation as a result of a lawsuit you have filed wherein the other party has been found liable. However in a structured settlement, you get your cash compensation in the form of regular installments spread over time, instead of receiving a single lump sum payment.

GETTING MORE FOR LESS

Companies that offer cash settlement will pay for your structured settlement at a value less than the total payment due that is mentioned in the agreement policy. In return, the company that purchased your structured settlement will then become the beneficiaries of the settlement, and will then be getting the regular payments that you were receiving up to that time.

Companies providing cash settlement also offer its clients the option to sell only a portion or percentage of the total value of the structured settlement. This way, you get to receive a lump sum that you can use to your heart’s desire and still retain some deferred payments that you can rely on like a pension fund.


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