Thousands of people in the United States receiving periodic payments from structured settlements, annuities, or lottery winnings have found a new way to fund either their college tuition or that of a loved one. Increased costs of living and the need for a stable income derived from a professional career has prompted many to go back to school and earn their degree.
Meagan, a former equestrian rider from GA was injured in a car accident at 22 years of age. She had a promising future in the field of equine riding, as a competitor and instructor. She looked forward to starting her own riding school someday in the future.
Because of the accident Meagan was no longer able to ride or pursue her dream. Her settlement payments were just enough to pay bills but the cost of a college education was still out of reach. Meagan cashed out a portion of her settlement payments to pay for the first two years of school. Meagan also used the existing payments to supplement her income while attending school. Today Meagan is no longer dependent on her settlement payments. She is an administrator for a private school, and works with disable children helping them to understand the importance of education and promotes positive self worth.
If you have decided that getting a college degree is the path you want to take and you are receiving payments from a settlement, annuity or lottery winning, you can get cash now for your future payments.
You can get cash now for some or all of your paymnets. The first step is finding out how much your structured settlement or annuity payments are worth. You will need to get a appraisal or a quote. Try to get as many quotes as possibble. It only takes a few moments and there should be no cost or obligation invilved.
You will need to know three things when calling to get a quote.
You will need to know how many payments you have left. You will need to know how often you receive them, and how much they are. That’s it. It’s also a good idea to take financial inventory and write down how much you think you will need.
Once you have decided who you are going to sell your payments to, you will need to give them a copy of your benefits letter, if you do not have one you can request a copy from the insurance company. The total amount of money you need and how much each of your payments are worth will determine which payments are sold. For example: Payments you receive withing the first ten years are worth more than payments you receive in the last ten year? Why do your payments have different value? This is because of interest you have not yet earned on future payments, and inflation. It is not just an old cliche when someone says a dollar today has more buying power than a dollar ten years from now. Remember how much gas was just 5 years ago? How about a loaf of bread? Because of increased cost of living that are factored into the future value of your money, your payments will have different and lessening worth the further down the expectant receipt of them are.
Using your money to invest in a college education is an investment in your future financial goals. It is never too late to sell your payments. You have a legal right to use your money as you need.
For more information on your rights to sell structured settlement, annuity, or lottery payments call toll free 1-866-865-7044.
You can also get a free no obligation quote online by visiting www.woodbridgeinvestments.com
