1) Lump Sum Payments Let You Control Your Money

When you receive a structured settlement, the terms and conditions are established by the insurance company and paid out by the issuer of the settlement. Even though the settlement is your money, you have no control over how the funds are disbursed unless you sell the settlement for a lump sum payment. While some people are happy with this arrangement, many realize selling an insurance settlement is far more beneficial for them.

2) Make More Money With A Lump Sum Payment

As long as a third party holds your insurance settlement, they are free to invest it as they wish. Unfortunately, even if they reap any additional rewards from those investments, your structured settlement payments will into increase and will remain unchanged. By cashing out annuities for lump sum payments, you and your financial advisors are able to place the money in higher returning investments, or in more flexible annuities that you can access when needed.

3) Lump Sum Payments=Security

A structured settlement means steady payments for many years. However, life is full of surprises, and the rigid nature of a structured settlement may become a liability when you need access to larger amounts of money. Imagine the frustration of knowing you have the money for emergency medical care or home repairs, but being unable to access it. By selling insurance settlements, you are able to invest the lump sum payments in more flexible accounts so that you are prepared in case of an emergency.

Not only is it a smart move, getting cash for annuities is fast and easy. Woodbridge 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.

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.

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.

Hold on to Your Structured Settlement

One option with a structured settlement is to do nothing—you choose not to sell settlement installments for lump sum payments. The benefit of holding on to your structured settlement is that it ensures a small, steady stream of long-term income.

Choosing not to sell settlement payments works well if you already have substantial savings and disposable income. If you have adequate financial resources to deal with emergencies like hospital bills or car repairs, then you may not need to sell your structured settlement. You should ask yourself if you have enough funds on hand to cover tuition fees, healthcare, and any unforeseen expenses during the period of your settlement (a time span which can stretch for decades)? If you answered yes, then you may want to consider keeping your structured settlement as at source of auxiliary income keeping in mind the limitations of the smaller payments.

Sell Settlement for Lump Sum Payment

An option many settlement recipients are not aware of is the ability to sell smaller future structured settlement payments into lump sum payments. By taking a lump sum payment you have control over your own money instead of being locked into the original terms of the settlement for decades, selling your settlement gives you the power to invest and spend your money as you see fit. You can invest the lump sum payment in higher performing investments, putting your money to work for you, instead of letting a third-party company dictate how you should receive your structured settlement.

Another advantage to selling settlement payments is that you have access to the money when you need it. Whether you need funds for car payments, a mortgage, a deposit on a lease, medical care, or tuition, there are times in everyone’s life when we need access to large amounts of money. If your money is locked up in a structured settlement, you have those funds when you need them. By selling settlement payments for a lump sum, you have access to your money when you need it.

Find out if selling settlement payments makes sense for you, contact Woodbridge today for a free quote. 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.

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.

Selling Annuities for Cash Steps
1-3: Research, get the offer, accept the offer

1. First of all, get multiple quotes from a number of annuity buying companies. It would also be advantageous to try to find out everything you can on the companies you are considering selling annuities to. After all, working with a buyer you feel is worthy of your trust is very important.
2. After you have made a well-informed decision regarding which company you wish to sell your annuities to, formally accept the offer by providing your chosen buyer all the necessary legal documents verifying your annuity.
3. Depending on which state you live in, you may or may not be subjected to a professional financial review. This analysis helps you determine if the arrangement with your chosen buyer is truly in your best financial interest. The majority of states have a mandatory waiting period of around ten days, so the annuitant is given the opportunity to change his or her mind about selling annuities. The purchaser cannot continue with any related financial transactions until this waiting period is over.

Selling Annuities for Cash Steps 4-6: Documentation, submission, court date set up

4. This is followed by a documentation-processing period. The amount of time spend in this stage depends on where you live and which buyer you chose.
5. A local lawyer will then be assigned to submit all the necessary papers to a specific court on your behalf.
6. An official court date will be set within about six weeks. You will be notified of the exact date through mail.

Selling Annuities for Cash Steps 7-9: Court, judge agreement, Sold!

7. Majority of states have laws that require you to appear in court on the scheduled date of your hearing. The judge will evaluate the possible consequences should you be allowed to continue selling annuities.
8. The judge will make a formal decision either approving or denying the proposed transaction. In due course, the judge will sign the agreement if approved.
9. The insurance company in charge of financing your annuity will be notified that the payments have been sold.

Utilize your resources

10. Visit Woodbridgeinvestments.com

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!”

Does the JG Wentworth TV commercials mean they are the best structured settlement factoring company?

There is no denying that the JG Wentworth television advertisements are effective and comical. There is a whole slew of YouTube parodies on the “…and I need it now” commercial, and their opera song is actually quite catchy:

A Viking on stage sings the prompt:
“If you get long term payments but you need cash now.”

A chorus of Vikings on stage chime in:
“Call J.G. Wentworth!”

JG Wentworth is one of the leading structured settlement factoring companies on the market right now. People know their name and probably even have the JG Wentworth customer service phone number stuck in their head as they walk down the street humming the opera tune.

Clearly, JG Wentworth has invested a significant amount of money to produce and air their television commercials. This does not mean that JG Wentworth is the only structured settlement factoring company out there. In fact, there are many other competitors on the market right now such as Peach Tree Funding, Imperial Structured Settlements and Woodbridge Investments, to name a few. These are leading competitors who are successful without making elaborate TV commercials.

Before you jump on the phone and “Call JG Wentworth!” you should do your research and look into the competitors so you can guarantee that you get the most money from your annuity, structured settlement or lottery payments.

Want to start your research? Visit the Woodbridge Structured Funding website to get started.

Work with a reputable secondary buyer

Selling structured settlements should be a simple and hassle-free process. An established company can offer you a variety of selling options, explain all the terms and conditions, and answer all your questions with honesty.

Sell only what you can

Structured settlements are a source of income for many. This does not have to change just because you’ve decided sell structured settlements. You have the flexibility to sell just a fraction of your settlement. This option can help you decide how to get a specific lump sum amount for whatever your immediate needs are and still use your structured settlement to pay the bills every month.

Determine the exact amount needed

Do you want a lump sum to start a business or get an advanced educational degree? Researching the costs of tuition or starting up an enterprise gives you a much clearer idea of how much of your structured settlement you will ought to sell.

Consider the amount of time the process takes

A reputable structured settlement company will guide you throughout the process, explaining exactly when you can expect your cash.

Prepare for the unexpected

The cost of tuition increases. Inflation slowly but surely continues devaluing the dollar as time passes. Housing bubbles may pop or the market may crash. If you want to sell structured settlements the smart way, take unforeseen economic crises.

Consider other sources of funding

A structured settlement might not be your sole source of income. Perhaps you also have a regular paycheck or rental property you depend on. This means greater flexibility when deciding what to do with a lump sum structured settlement payout.

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.

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.

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.