There are many great reasons to sell annuity payments. From furthering your education to filling an emergency fund for a rainy day, selling annuity payments can have a positive influence on your life. Read on to find out more about the benefits of selling structured annuities for lump sum cash payments.
Sell Annuity Payments to Prepare for Emergencies
Selling annuity payments and placing them in a more liquid and flexible vehicle is a great way to prepare for emergency expenditures. A recent survey conducted by the National Foundation for Credit Counseling found that 64% of Americans don’t have enough cash available to cover a $1,000 emergency expense. Most of those surveyed said they would have to borrow money or take a cash advance on a credit card if faced with such an expenditure. Emergency dental care, a surprise hospital visit, or a necessary car repair can come out of nowhere. A study by the National Bureau of Economic Research showed that 50% of Americans would have difficulties accessing $2,000 if needed in an emergency. While structured annuities provide a long, steady stream of income, annuity payments are rarely large, and are only dispensed based on the original terms of the settlement. In other words, a structured annuity likely won’t help much when it comes to covering an emergency expense. When you sell annuity payments, you can place that money in a flexible investment that allows you to withdraw money when faced with an unexpected expense or bill.
Selling Annuity Payments to Invest in Education
It’s no secret that many Americans are struggling right now. Unemployment is high and the economy is barely recovering. In these circumstances, furthering one’s education can be an excellent investment, and selling annuity payments, if you’re fortunate enough to have them, is a great way to overcome the high cost of tuition. Not only do individuals with more education make more money, they’re also less likely to be unemployed. Figures released by the Bureau of Labor Statistics show that the unemployment rate for those without at least an Associate degree is well above the national average. The more education you have, the higher your income potential and the less likelihood of being unemployed. With tuition rates on the rise, college can be prohibitively expensive and many are unwilling or unable to take on a student loan. Selling annuity payments provides you a cash lump sum that can be used to cover tuition and other educational expenses. Why leave your money in someone else’s hands when selling annuity payments can free you from debt and increase your earning potential?
Not only is it a smart move, selling annuity payments is fast and easy. Woodbridge Structured Funding will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor, or visit the website for a free quote. It’s quick, easy, and all information is kept strictly confidential.
Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.
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