Wondering whether or not to sell an insurance settlement for lump sum payments? There are many reasons why getting cash for annuities is the smart move. Woodbridge Investments has nearly 20 years experience helping personal injury plaintiffs sell insurance settlements. The following are three main reasons our clients sell structured settlements, and how they benefit from doing so.
02/04/12 CALL IN BONUS:
Call 866-865-7044 today for a
* FREE $500 Gas Card
(for phone inquires only)
Call 866-865-7044 today for a
* FREE $500 Gas Card
(for phone inquires only)
* Call Bonus for completed transactions only
Shelby R. (Thousand Oaks, CA)
"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
We have helped thousands of people gain access to their future payments, for more information click below.
Archive for the ‘lump sum payments’ Category
Structured Settlement Vs Lump Sum Payment
Structured settlement vs. lump sum payment? This is the question facing plaintiffs who have been awarded structured settlements in their personal injury case. There are several major factors to consider when deciding whether to cash out a structured settlement for lump sum payments or not.
Structured Settlement Vs Lump Sum Payment
The answer to the structured settlement vs. lump sum payment question is going to be different for everyone. It’s important you consult with trusted legal and financial advisors before you cash out a structured settlement. There are pros and cons to cashing out structured settlements for lump sum payments. If you’re unsure whether you should sell settlement payments or not, contact Woodbridge Structured Funding for a free consultation with one of our structured settlement experts.
Cons of Cashing Out Structured Settlements for Lump Sum Payments
Not everyone benefits from cashing out a structured settlement. If you currently have enough savings that allows you to easily cover unexpected expenses such as medical bills or home repairs, then you may benefit from leaving your structured settlement intact. However, even if you have a substantial nest egg, it may still be a better option to take a lump sum payment and place your money in a higher earning investment. Leaving the settlement intact may be easier and potentially safer than cashing out the structured settlement and investing elsewhere. However, savvy investors can often increase the original settlement amount by selling the settlement and investing the lump sum.
Pros of Cashing Out Structured Settlements for Lump Sum Payments
To properly answer the structured settlement vs. lump sum payment question you need to carefully consider your financial needs. If your personal injury lawsuit has left you with large legal and medical bills, cashing out the structured settlement may be your only option to pay off these debts. Another advantage to lump sum payments is that you can place the money, in a more liquid investment that can be accessed as you need it.
Structured settlement vs. lump sum payment? Contact Woodbridge today for an answer. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor. You can also use contact us online 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.
How to Make the Most of a Structured Settlement
How to Make the Most of a Structured Settlement
Your personal injury lawsuit has settled, and you’ve received a structured settlement. Now, the question is how to make the most of that settlement. Read on as we discuss the different approaches you can take toward managing your structured settlement, and the pros and cons of selling settlements for lump sum payments. (more…)
Sell Annuity for Lump Sum Payments Now or Wait?
Should You Sell Annuity Payments Now?
Annuities can be extremely beneficial investments. Whether you invested in an annuity, have been awarded a structured settlement, or won a lottery or casino jackpot, you’re likely sitting on a stable investment that can provide steady income for a long time to come. So why would you want to sell annuity payments? There are several reasons people sell an annuity for a lump sum payment. The primary motivation for many Woodbridge Structured Funding clients who decide to sell their structured settlement payments is to gain more control over their finances. It’s nice to have an annuity as backup, but when you need that capital for medical bills, a down payment on property, or other large expenses, having it locked up in an annuity can be counterproductive. If and when the need arises or an opportunity presents itself, you have the option of selling your future structured settlement payments. There is no reason to wait when you can benefit immediately by selling all or a portion of your payments for a lump sum and make the money work for you today.
Can You Receive Multiple Lump Sum Payments?
Another reason recipients of periodic payments seek a structured settlement annuity buyer is because they would like to shift some of their annuity into another investment. While your money is tied up in an annuity, you’re locked into a stagnant return. A prime reason people sell annuity payments to Woodbridge Structured Funding for a lump sum payment is so that they can invest in other higher yielding areas. Whether it is stocks or a life insurance policy, your money could be doing more for you if it wasn’t stuck in a single investment like an annuity. It’s your money, and how you choose to invest it should be your decision.
Furthermore, you’re not required to sell all of your annuity payments at once. You can cash out structured settlements in stages, taking out only the money you need, while leaving the remainder of the annuity intact. Another common situation that brings annuity holders to a structured settlement annuity buyer is the potential tax consequences levied against heirs who inherit the annuity. It’s not unusual to sell annuity payments in order to transfer that money into other investment vehicles that are not taxed as highly when transferred from one generation to the next. The decision to sell an annuity for lump sum payments isn’t just an investment in your future, it’s an investment in your family’s future.
Why Wait to Sell Annuity Payments?
Any financial decision should be carefully considered and discussed with advisors and the decision to cash out a structured settlement for a lump sum payment is no different. Before you seek a structured settlement annuity buyer or decide to sell annuity payments, it’s important to consider your current and future financial needs. How dependent are you on the annuity for future income? Can the funds in the annuity be put to better use elsewhere? Keep in mind, there is no need to cash out a structured settlement at once. You can sell annuity payments as it best suits your personal financial situation. You’re never under any pressure to sell the entire annuity; the lump sum should be based on your current needs and goals.
Contact Woodbridge Structured Funding at (866-865-7044) and get your free quote today. Our experienced staff can answer any questions you have about lump sum payments.
Nine Steps to Selling Annuities for Cash
Selling annuities for cash can take a very short amount of time, but for the most part there is a typical process that happens. Learn how the process of selling annuities for cash works by reading the following nine steps: (more…)
JG Wentworth may sing opera but that doesn’t mean it is the best structured settlement factoring company!
What is the true worth and meaning behind a major advertisement?
Chances are that you have seen one of JG Wentworth’s goofy, nationally aired television commercials at some point, whether it was a Viking singing opera about annuities or a grandmother leaning out her window, screaming to the world “It’s my money, and I need it now!” (more…)
Bright Ideas When Selling Structured Settlements
A structured settlement is an asset just like stocks or property. The main difference though is that a structured settlement is a lot more versatile when it comes to meeting your financial requirements. If you are considering the option to sell structured settlements, make sure that the sale will serve your best interests. Will a lump sum payment work best for your plans and finances? How will selling structured settlements affect your life? Structured settlement owners have a lot to consider before selling. Here are some tips on how to make the most of a sale. (more…)
JG Wentworth Filed for Chapter 11 Bankruptcy Protection
JG Wentworth Inc., a financial services firm and buyer of deferred payments such as annuities, structured settlements and life insurance policies, filed for Chapter 11 bankruptcy protection on June 1, 2009.
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.
How to Sell Your Lottery Payments
“I Want To Sell My Lottery Payments – But How?”
Lottery prize winners receiving payments over time may be able to convert all or part of their future payments into an immediate lump sum cash payment.
Though some states prohibit assignment of future lottery payments, certain conditions can lift this prohibition. Such conditions include bankruptcy, the splitting of assets required by a divorce, and the need to fund a major medical procedure if you would like to sell lottery payments
Need Lump Sum Cash Now?
If you need a lump sum now but want to keep receiving part of your annual payments, you can choose what is called the “split payment option”. Under this option, you literally split your future lottery payments into two parts. One part is given to you as the lump sum you need now while the other part is given to you on your periodic/annual payment day.
The sale of lottery prize payments takes about 2 to 3 months to complete. The process cannot be any shorter than that because you have to get a court order instructing your state lottery commission how the original payment arrangement should be amended.
Since the tax treatment of a lump sum gained through the sale of lottery prize payments varies from case to case, it is best to consult with a tax adviser.
Furthermore, since you need court approval for the transaction when you sell lottery payments, also seek the assistance of an attorney.
Sell Lottery Payment Companies – What To Look For
There are many companies out there who want your lottery winnings. You don’t want to accept the first offer that comes along when there’s a company out there that’s willing to pay you top dollar. Compare the offers of many different companies. Look them up online and check with the Better Business Bureau (BBB) to see if they have a complaint-free record. Exercise prudence because a bad decision may leave you with a raw deal that you’ll regret for a long time.
Lottery payment buyers normally require the following information to provide you a quote:
• The state in which the lottery prize was won
• The exact amount that was won
• The gross payment per year
• The actual value of the check you receive each year (after taxes)
• The exact annual payment date (month, day, and year)
• The total number of payments for the lottery prize.
Sometimes, buyers can purchase future payments from winners who have won contests or prizes other than state lotteries. It depends on the specific language of the prize agreement. Some prize agreements clearly forbid assignment to another party. Review the agreement with a lawyer to see if future payments can be sold.
Selling Your Settlement? Know What Yours Is Worth!
Even When Not Yet Selling Your Settlement,
Get Quotes from Structured Settlement Buyers
Most structured settlement recipients do not foresee a need to sell their payments in the secondary market for structured settlements. However, knowing the value of your structured settlement payments may come in handy later on should a financial emergency force you to sell structured settlement payments.
Know What Your Structured Settlement Is Worth
To know your structured settlement’s worth, contact a number of structured settlement buyers and ask them how much they’d offer should you decide to sell. Before calling, prepare your documentation – including a copy of the settlement agreement and the annuity policy. The purchasing company can quote you their offer much quicker if you immediately provide them the information in these documents.
Ask How Much Portions of Your Settlement Are Worth
When asking for a quote, don’t just ask them for the value of the entire settlement you want to sell. Inquire how much portions of the annuity payments are worth, so you will have a good idea of the kind of flexibility you might have in customizing the transaction to fit whatever needs you may have in the future.