Did you know that every year there are between $50 billion and $100 billion of annuities, lottery payments and structured settlements that could be sold to the secondary market?

In 2003, a study by the American Council of Life Insurers found that one in four holders of annuities, lottery payments or structured settlements are afraid that they would be stuck with their annuity for the rest of their life.

Now, with information and reviews becoming more readily available every year, owners of annuities, lottery payments and structured settlements are beginning to realize that they don’t have to be stuck with their regular payments. The option of selling to the secondary market is becoming more recognized. The recipients of these payments are starting to realize that selling their payments can offer a wonderful opportunity to have more control over their finances, and use their money to make their goals and dreams come true.

Who is selling their annuity, lottery payments and structured settlements?

The people that are selling their annuities, structured settlements and lottery payments are often those who…
• Want to get cash now for unexpected or large expenses
• Have received their annuity through inheritance
• Want to invest for tax reasons or for greater returns
• Realized that their annuity wasn’t enough to provide the lifestyle they want
• Made a mistake by buying an annuity
• Want to retire early
• Want to sell part of an annuity, lottery payment or structured settlement

There are many other reasons why one might sell annuities, lottery payments and structured settlements as well. If you are interested in jumping on the bandwagon to get cash now for your regular payments visit the Woodbridge Structured Funding home page to learn more.

While winning the lottery is something that is a pipe dream for most, people have won the jackpot before. After the initial shock of winning the lottery, the first real question one must ask is, “should I receive a lump sum or collect lottery payments?”

There are many reasons why one would choose to collect lottery payments. When you do out the math, if you collect lottery payments it always equals out to be a larger sum of money. For many people, the promise of some day being able to retire with a stashed bank account is a luxury too good to pass up. Others enjoy a feeling of security, that even if they loose their job they will be able to survive on the steady income from lottery winnings.

Many people, however, have bigger plans when they play the lottery.

Why not collect lottery payments?

When you played the lottery, were you dreaming of having a few extra thousand dollars per year to pay your bills? Were you hoping to have a modest extra cushion of cash to spend on fancier clothes or lease a nicer car?

Chances are that when you played the lottery, you were not thinking that you would collect lottery payments if you won. Chances are that you had plans, or at least ideas about what you would want to spend a lot of money on.

Maybe you wanted to invest your lottery winnings and let them build on their own. Maybe you wanted to buy a new house for yourself, or even for your parents. Maybe you wanted to take a luxury trip around the world.

If you collect lottery payments instead of receiving a lump sum of money, you may ultimately collect more money but you will miss out on all the fabulous dreams-come-true opportunities of winning the jackpot.

If you have currently collect lottery payments and want to exchange them for a lump sum of money, visit Woodbridge Structured Funding and speak to a representative.

With the low annuity payments that most lottery organizations use, winning the lottery doesn’t always feel like a real win. Most people don’t play the lottery so that they can stretch out the money as if it were a small extra income. They play because they want to win that dazzling amount of money that will provide the means to living out a dream.

The most exciting thing about winning such an enormous sum of money, of course, is to imagine the possibilities of all you can do with it. Maybe you’d want a new luxury vehicle, or a nicer place to live. One would imagine that winning the lottery would allow anyone the ability to afford these things, to go on a fabulous vacation or to even start up a new business.

The Truth About Lottery Payments

Then you learn about how long it is going to take to receive the total sum of money that your lottery winning offers you, and this is regularly a time span that could reach up to 30 years. It is at this point that a lottery winner should turn to a trusted Structured Funding company, like Woodbridge Structured Funding. Reputed for great customer service and highly competitive offers, Woodbridge can provide a lottery winner with real winnings when the decision has been made to sell lottery payments. Woodbridge can provide an enormous sum of money that would normally take the winner years upon years to collect.

When you bought your lottery ticket, what did you say you would do with the money if you happen to win? When you play the lottery, you know that the chances are extremely minimal that you will actually win something substantial. If and when you actually do win, to not take advantage of the amazing opportunity by selling lottery payments would be counterintuitive.

Choose from Many Options When Selling Lottery Payments

If you plan to sell just a portion of your lottery payments for, you will be glad to know that you can choose from many different plans. Keeping your financial objective in mind, choose a plan from these companies. Never forget to consider inflation when making your decision. It may be wise to sell lottery payments for cash before inflation devalues them over time. The company buying your lottery payments will also help in getting tax deductions.

Lottery Payment Buying as a Business

The number of financial companies doing business in the field is increasing day by day. This is actually good news for those who are trying to sell lottery payments for cash. As competition stiffens, the profit you can make increases tremendously. Companies will try to outdo each other in order to provide sellers numerous alternatives.

They have separate plans for full sale and partial sale of lotteries. The only thing to remember is to take advantage of the existing competition among these financial companies. Just to reiterate, try to gather as much information as you can about your state laws before selling lottery payments. Government websites ought to provide all the information you’re looking for. Lastly, you may also benefit by consulting a financial professional and an attorney.

Founded in 1991, J.G. Wentworth is owned by New York-based private equity firm JLL Partners.  As part of the reorganization plan, JLL Partners invested $100 million of new equity to support J.G. Wentworth’s ongoing operations.  J.G. Wentworth has since emerged from bankruptcy.

Although J.G. Wentworth laid off 120 of its 200 employees and closed its office in Las Vegas due to economic constraints, the Bryn Mawr, Pennsylvania-based company continued to operate during the reorganization process and has since hired new employees.

Invest by Selling Lottery Payments and Structured Settlements

Much in the same way, lottery winnings are delivered to a recipient using a system similar to a structured settlement scheme. While a periodic allowance system has many disadvantages, such as interest loss, opportunity cost, etc., payments structured this way can prevent people from exorbitant splurging and unwise investments.

If an older, experienced and mature person were to handle such an amount of money then it would be appropriate to sell lottery payments and structure settlements to convert them into investments which will yield high returns. So we can infer that both payment systems can be cashed or turned into lump sums.

Sell Lottery Payments and Structured Settlements to Break Free from Financial Limitations

For financially mature people, a structured settlement represents limitations. Financial common sense tells us that a big lump sum of money you can definitely jump start a new business or investment portfolio. Failure to invest funds drawn from structured settlements and lottery winnings often means financial loss, keep in mind that you could have earn a lot more from the money by just investing in stocks, buying bonds or opening a good mutual fund. In addition, paying off your mortgage loan to save up long term interest charges it’s an excellent idea.

Structured settlement and lottery winning payments have to be carefully analyzed in order to get the most out of these assets, a wise choice would be to thoroughly research while taking in consideration tax laws of the state where the transaction will occur. Also, always apply security measures to ensure the safety of you and your funds.

The secret to making the best decision on which company to do business with is to keep in mind that you are the owner of such a negotiable item that allows you to have the upper. You have the best and most liquid assets in the world: cash. So look for the institution willing to pay you the most for it.

Selecting a Buyer for Your Lottery Payment

If you have won the lottery and want to sell lottery payments, the first thing you need to do is find a reputable company in the business of buying lottery payments and structured settlement annuities. Such companies are registered with the Better Business Bureau and have excellent (if not impeccable) public records.

An established structured settlement company can offer you the most money in exchange for your lottery annuity payments and provide you financial advice as well. They will make sure that the lottery lump sum payment you receive meets your present and future needs. A good company will provide you with the flexibility to sell lottery payments in their entirety or just a portion of it. Lastly , it is ideal to work with professional companies that are direct funding sources and not brokers. Extra middlemen cost you more money than you’re willing to lose.

How to Sell Annuity Payments

•    Contact the organization where the annuity is held or being offered as a result of winning a lottery or settlement. If you have not decided to accept the income stream yet, this is the best time to ask if the organization can pay you with a lump sum. Once an annuity has begun making periodic income payments, also known as annuitization, the process is irreversible. Accomplish the paperwork involved to take the lump sum.

•    Speak with a structured settlement company if you have already begun receiving annuitization payments. You can find many of these firms on the Internet. Explain to a representative the type of annuity you have and the current income stream.

•    Get a quote from the structured settlement company. Expect the quote to be a smaller than your annuity’s original lump sum value.

•    Look around for the best third party buyout offer. Some buyers may attempt to get your business more aggressively with a higher quote.

•    After you’ve found the buyer with the highest quote, file the paperwork with them to begin the process of selling annuity payments. It may take several weeks before the transaction is completed and you finally get your cash.

Since selling annuity payments on the secondary market results in losing so much of the lump sum value, it is best to get advice from a financial expert before choosing a lump sum over an annuity payment. Also remember that the transaction will lead significant tax consequences.

You can also choose if you want to sell all your payments or just parts of them. Prior to selling lottery payments, it is important to understand the terms and conditions of the settlement. Some structured settlements cannot be sold earlier for lump sum amount.

Be Sure You Consider Offers From Many Different Buyers

When you sell lottery payments for lump sum, you will be doing so for an amount smaller than the one stated in the settlement. If you are choosing a payment schedule, then get a schedule that suits your present needs. Most financial companies dealing in lottery payments offer online quotes. This will give you an idea about the value of your lottery payments in the market. To get a better deal, it is always wise to obtain as many quotes as possible.

When you get quotes from different companies try to also understand the payment alternatives these companies offer. It is also a good idea to inquire about the financial health of the company. Before settling for any one company, you need to review of the company’s track record.

The help of a structured settlement broker makes sure that selling lottery payments is a hassle-free experience for you. For a reasonable fee, a structured settlement broker will facilitate your transactions and can also get you a better deal. An experienced broker’s advice will be tremendously helpful as the sale of lottery payments involve several tricky situations.

Before deciding to sell lottery payments get as much information as you can from various sources. It is always better to consult a professional in the field. Since most structured settlements ensure a periodic payment, it is advisable to sell just part of your lottery payments.

Wouldn’t it be great to sell lottery payments for a lump sum of cash?

Why Apply for Loans When You Can Sell Lottery Payments

It is indeed great and actually within your power to do. By selling lottery payments you can receive a considerable lump sum of cash you can use to achieve your goals and/or address your financial needs. You can even choose between a full or partial lottery buyout. Just be sure your decision is based on an accurate assessment of your needs.

Because this secondary market exists, there is no need for you to get a loan or credit line. Just use the money that is rightfully yours.