A Great New Resource for Structured Settlements and Annuities
New York City, NY — (SBWIRE) — 02/01/2013 — At times when the economy is unpredictable, it is completely normal for a person to back himself with the right knowledge and inform himself first, before making a big financial decision. From factoring to selling of structured settlements, individuals interested the details of this market might be at loss where to start. It is a given that a structured settlement is a difficult thing to grasp, especially for someone who is new to the topic. Settlementsannuities.com offers a solution to that dilemma, by collating nearly every piece of information available and putting it in one web site.
Structured settlement companies are not like one’s local used car market, as firms involved in this industry offer a wide range of prices to purchase structured settlements. Due to the fact that it is more of a boutique market, and the number of competitors is much less compared to other traditional markets, it is not easy for sellers of structured settlements to compare multiple offers. If that information got you more than a little confused, then it is time to find answers to everything about structured settlements. At Settlementsannuities.com, one can easily find a wide range of topics that can educate a newbie on what a structured settlement is, how a structured settlement sale and transfer is done, as well as a list of companies involved in buying structured settlements, complete with unbiased consumer reviews. Aside from this, daily news updates about the industry can be read from the websites’ blog, which delivers up-to-date, useful information about the most recent developments in the structured settlement field.
It Starts With a Major Change
A structured settlement often follows a life changing incident, whether it be positive or negative. Because of these circumstances, you may be confronted with the need for a substantial cash payment rather than small monthly payments over a number of years. What’s the answer? The best choice could be to seek an organization that can purchase your structured settlement deal from you and transform it directly into an instantaneous check that you could make use of on anything you think acceptable.
In other words, structured settlement business buy your annuity payments from you for a lump sum of cash that is normally 10-20 % less than exactly what the total annuity is worth. The structured settlements business can buy all or some of the payments that are due to you. The good news is, as a consumer, state governments closely monitor and approve all annuity buyouts-but they are not legal in all states. The help of a financial consultant would be very handy for browsing all the legal hoops you and the structured settlement business need to leap through for you to obtain paid. Whether you have an insurance company structured settlement, life insurance company structured settlement, or lotto payouts the process is basically the same.
Structured Settlement Companies – Some Factors to Consider
The wise customer will also invest a little bit even more of his or her time to make certain they get the very best bargain for their annuity or structured settlement. They will call a minimum of three factoring companies and get competitive bids from each. They will go back to the 3 previously mentioned business and see if any are willing to beat their best offer. It could be tiring and lengthy to follow with in this process, but for the average person, it can be worth several thousand or even 10s of hundreds of dollars in one’s savings account at the end of the procedure.
Whatever your reason for desiring to sell your structured settlement payments, choosing this option puts you back in control of cash that is rightly yours. The problem that numerous individuals have with their structured settlements is that the control over their money is left to legal representatives, courts, and the company or persons paying out the settlement. You are now able to say where, how, and – most significantly – when you invest your cash.
Insurance companies are eager to take in money, but not quite as eager to pay it out. That’s simply the way it is. It’s no wonder that they faver stretching settlement payments out over a period of time, rather than pay one lump sum right up front. of course, they will benefit from the time value of moeny, and both inflation and time are on their side. The preceding stories regarding settlement issues shed some light on the factors involved.