A structured settlement is a financial agreement whereby the claimant gets paid through regularly scheduled payments. The payments are part of a court settlement whereby one does not get the lump sum payment but settles for a fixed period of time or lifetime. Structured settlements are offered to the claimant after they have won a lawsuit against an institution, company, individual or organizations. Claimants looking for a steady stream of income can opt to have the compensation money paid over a specific period of time. Depending on the individual involved in the suit the payments made be made in annual, quarterly or semi-annually. Structured settlements were first used in the 1970s in the U.S and Canada to pay injured people. Claimants getting a huge payout and are comfortable with a continuous payment plan. Depending on the settlement an initial payout may be sent to cover for damages or injuries on the claimant.
Why sell your structured settlement
Should I sell my structured settlement? There are several factors that might push an individual to sell their structured settlement payments. Financial constraints requiring urgent financing might lead one to sell their structured settlement. Selling may also give an individual financial flexibility and they can participate in other wealth building activities.
Financial markets are a great way of increasing one’s earnings. Earnings from structured settlements might not be giving one enough to reap big in the financial. Based on your settlement agreement, one can look for a great deal that has their financial interest at heart. The financial markets is a good way of stepping into financial freedom and increased financial security. You can look for financial experts who will help you invest your money wisely. The financial market is a booming area and has a lot of risks involved with it. Your finances are boosted when you sell your settlement payment.
Others might opt to sell the payment when they are in need for a lump sum payment. The extended payment period might hamper with financial spending plans. Selling your structured payment plan is a great way of getting all your money out. The lump sum payment may help you accomplish most of the projects in time. The lump sum payment gives you financial muscle that helps you accomplish all that you wish to achieve. You can use the payment in acquiring property, investing in startups and many more projects.
Companies where you can sell your structured settlement
The final step to selling your structured settlement involves identifying the right institution or insurance agency. Some of the top companies that one can contact and get agreement include Olive Branch Funding, JG Wentworth, SenecaOne. Each of the mentioned companies has representatives who are interested in striking a great deal. Here is a brief breakdown of each institution.
- JG Wentworth: JG Wentworth is a leading investment company that buys settlement payments. JG Wentworth has a team of financial consultants who will help you strike the best deal. The company uses a variety of methods to get the final value of the payment you get. Visit the firm’s offices or reach them through their website to get the best deal.
- Seneca One: Seneca one is a final consultation firm that deals with the settling of structured settlements. Individuals seeking for a lump sum payment as opposed to periodical payments can reach the company. The company has offices across the country and a good team of professionals looking to help you get your lump sum payment.
- Olive Branch Funding: Olive Branch Funding specializes in changing people’s lives by resolving their financial needs. The firm focuses on paying your lump sum payment and handling the settlement. Visit their office or give them a call to strike a deal. The firm has financial consultants who assess your settlement plan and finally, you can settle on a good deal.
You can try out each of the financial institutions and get a better deal. Each company might be using a variety of factors to calculate the final payout you are looking for. Courts will always agree with this arrangement and you can also seek your own legal representation. The companies will offer to sort out your paperwork as they are taking this legal responsibility from you. Once you identify a particular company, focus on striking an agreement with great benefits. This lump sum payment helps you achieve financial security.