Sooner or later, many recipients of structured settlements ask themselves the question, “How does selling my structured settlement benefit me?” There are many answers to this question, and the specific benefits will depend on the particulars of each recipient’s individual situation. Read on for a thorough explanation of the benefits of selling structured settlements.
After you’re awarded compensation in a personal injury case, you can choose to keep the structured settlement or sell it for a lump sum cash payment. There are pros and cons to both approaches. The answer to the structured settlement vs. lump sum question is different for everyone. There is no cookie cutter solution when it comes to your personal finances, and it is best to consult with a financial advisor before making these kind of decisions. Read on to find out some of the factors that will help in your decision on whether to sell your structured settlement or not.
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.
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.
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.
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.
If you’re pursuing a personal injury lawsuit, there’s a good chance your award will come in the form of a structured settlement. Designed to provide long-term fixed income to the recipient, a structured settlement divides the settlement amount into a series of payments stretched over many years. Once you’ve received a structured settlement, you have several options. You can hold on to your settlement, or you can sell settlement payments to a buyer like Woodbridge Structured Funding. Depending on what you determine is best for your financial situation, you can choose to sell the entire annuity, or just some of the settlement payments. There is no fixed formula as to what you should do with your settlement. Any decision you make should be made after consultation with legal and financial advisors. You can always call Woodbridge Investment to talk with one of our experienced investment consultants at(1-866-865-7044). And, the call and consultation are free. (more…)
Personal injury suits often result in structured settlements. And while the periodic payment arrangement can work well for some, many find the compensation structure doesn’t satisfy the needs of their particular financial situation. Plaintiffs often deal with the struggle of paying for important medical care and mounting debt while their large settlement is paid out over several years in much smaller increments. Fortunately, a structured settlement factoring company like Woodbridge Structured Funding, LLC, can help you sell structured settlements for cash payments that afford you financial freedom. The following story is an example of the kind of situation where it makes sense to seek a structured settlement purchaser and sell structured settlements for cash. (more…)
When you’ve been injured in an accident, being awarded a settlement can come as a major relief. And while it’s definitely something to be pleased about, a structured settlement often bears its own set of restrictions and burdens. As opposed to lump sum payments which allow you to invest your money freely, a structured settlement pays out over a period of years, or even decades! A steady stream of income has its benefits, but only if your finances are in excellent order and you have no large or unexpected expenses. Financial obligations like mortgages and general living expenses don’t go away when you’ve been injured and lose your ability to earn money. (more…)
No matter how hard you work or how carefully you plan, unforeseen events can change your life—often dramatically. No one expects to be injured in an accident, and few are prepared for the host of hurdles that accompany a personal injury lawsuit. While a structured settlement might seem like the end of the process, for many, it’s the beginning of a new set of challenges in their lives. Fortunately, you can sell structured settlement payments, and many find selling these payments for cash is the answer to their financial troubles. (more…)
It is common for plaintiffs in personal injury cases to be awarded a structured settlement. Simply put, a structured settlement is a legal settlement in which damages are awarded in the form of an annuity, as opposed to a single lump sum payment. More information on structured settlements can be found in the article What is a Structured Settlement?
Selling structured settlement payments is not for everyone. As with any important financial decision, it’s vital you research the issue carefully and consult with trusted legal and financial advisors. While general advice on the selling of structured settlement payments readily available, it is vital you consider your specific financial needs when deciding whether or not to sell your structured settlement payments. Reading Sell Settlement or Not? 3 Questions to Consider will give you a better idea of the questions you should be asking yourself during this process. 4 Reasons Not To Sell Structured Settlements explains the advantages and disadvantages of receiving lump sum payments.
One of the many advantages of selling structured settlement payments is the flexibility of the process. When selling structured settlement payments for a lump sum payment there is no obligation to sell your entire structured settlement. You are able to choose which structured settlement payments to sell based on your financial needs. When is a Good Time to Sell a Structured Settlement? provides information on the best time to sell structured settlement payments.
Different structured settlement buyers offer different terms and conditions. It’s important you find a trusted structured settlement buyer that provides the best options for you to sell your structured settlement payments. Since 1993, Woodbridge Structured Funding, LLC, and its predecessor companies, has been a pioneer in the financial services industry. Woodbridge Structured Funding has been an innovator in the purchase of future structured settlement payments in return for a lump sum, and continues to be an industry leader today.
Before you successfully sell structured settlement payments it’s a good idea to do some market research. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor now. You can also 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.
A structured settlement is an annuity established in the settlement of a personal injury, harassment, malpractice, or liability case. Instead of collecting the settlement all at once in a lump sum payment, the plaintiff receives regular, periodic payments, usually spread over a long period of time. Woodbridge Structured Funding works with individuals seeking to sell structured settlements. Read on to find out how selling your structured settlement can help make your dreams come true.
Let’s examine the case of Cody, who also had reason to ask, “What is a structured settlement?”
Cody was hurt in a golfing accident and filed a lawsuit against the golf course. He won the case and was awarded a settlement of $50,000.00. When Cody heard the amount, he immediately thought of all the things he could do with the settlement money. He imagined buying a boat, paying off his expensive student loans, and planning a trip around the world.
Then Cody learned that his award was a structured settlement, paid out over a span of twenty years. This means that each year Cody will receive only $2,500.
Keep it: You can choose to hold onto your structured settlement, collecting the money in the predetermined increments until it is paid in full. This will give you a guaranteed, steady income, but, like Cody’s, the payments may be too small to realize your dreams or pay your bills. Cody’s settlement was paid over a span of twenty years, but some structured settlements are scheduled for an even longer period of time. As a result, people often sell structured settlements to maximize the financial benefits of their structured settlement, or to fund medical and legal expenditures.
Cody’s $2,500 annual structured settlement payments were barely enough to cover monthly payments on one of his credit cards – if he stuck with the structured settlement he had no chance of paying off his student loans, let alone embarking on his sailing dream. After researching and learning some of the reasons people in similar circumstances sell structured settlements, he contacted Woodbridge Structured Funding and consulted with our experienced settlement professionals about the best course of action.
Sell it: After conferring with Woodbridge Structured Funding and his own financial planner, Cody realized selling his structured settlement was the route to realizing his dreams. Cody sold the structured settlement and received a large lump sum payment. After paying off his loans, he was able to invest several thousand dollars and still have money left over to accomplish the dreams he had when the case first settled.
Because every situation is unique, there is no simple answer to what you should do with your structured settlement. However, you should always consider all options while deciding whether or not to sell your structured settlement. Woodbridge Structured Funding has decades of structured settlement experience and if you’re still wondering “what is a structured settlement?” or are ready to get your free quote, contact Woodbridge Structured Funding (866-865-7044)and begin realizing your dreams.
Part of the reasoning behind the granting of a structured settlement is to provide the recipient with a long-term source of income. While a good idea in theory, in practice, a structured settlement rarely provides for the real-life financial needs of the plaintiff and his or her family. Some who receive structured settlements continue to undergo treatment for the injuries that led to their case; others cannot return to their jobs as a result of the injuries they sustained. In order to make ends meet the annuitant may need to make substantial payments that are greater than the periodic payments they receive from the structured settlement.
Hospital bills aren’t the only reason to sell structured settlements. Small payments spaced over the course of many years won’t allow you make down payments on a house or car. And if you’ve lost your job, you may be in urgent need of larger amounts of cash. Luckily, companies like Woodbridge Structured Funding buy structured settlements, granting you a lump sum payment in return. The decision to sell future payments can be made at any time; you can even sell a portion of your structured settlement.
While there is no bad time to sell a structured settlement, the earlier you exchange your structured settlement for a lump sum payment the greater control you’ll have over your own money.
One great reason to sell structured settlements is that you and your financial planner can decide to invest your lump sum payment in higher yielding assets. The sooner you sell future payments, the sooner you can be earning higher returns from an investment of your choice.
Woodbridge Investments doesn’t merely buy structured settlements; our experts know every situation is different, and work with you to determine which lump sum payment option is best for you. People sell annuity payments and structured settlement payments for different reasons, and our team is responsive to your individual needs. Whether you want to go back to school, buy a car, or need money to invest in your own business, selling your structured settlement can open up a world of options.
Don’t let a structured settlement keep you from pursuing your dreams! Get a free quote on your structured settlement today.
