Have a Structured Settlement and Need Cash Now?
If you are currently receiving a structured settlement and need cash now then we have a solution for you. Cash in Your Annuity a leader in providing you structured settlement and annuity transfers can get you the cash you need without any questions asked. Our solution is seamless and easy. Once you speak with one of our professionals on the telephone we will give you the guidance and advice for how you can sell your settlement payment rights in exchange for a large lump sum.
The process is fast and easy and gives you a much better deal then the heavily advertised and promoted payday loan offers that you often see flooding the television commercials. The rate at which you receive your money in terms of a discount is all dependent on how far out the payments you are due to receive are and how much money you are supposed to receive. Anytime you have a structured settlement and need cash now you can work with a multitude of qualified companies
How To Sell a Structured Settlement
There are numerous questions submitted to our website daily on the best way to go about selling a structured settlement. Our clients are receiving monthly payments from an insurance company like Metlife or Symetra and realize that they would rather have a lump sum of money today instead of receiving 30 payments at $1,350 a month over the next 30 years of their life.
In some cases it makes great sense to cash in your structured settlement annuity and other cases it does not. Like everything else in life there are pros and cons of selling off these payment streams. The pros of doing so are that you can get the money you need to get out of something that is commonly called a hardship. Hardships are when you are in a very tough or difficult financial situation and the scenario calls for you to get as much money as you can at any cost in exchange for getting out of a deep dark financial black hole. Other situations where it is a big pro to selling a payment is when you want to purchase a home and need to raise as much money as possible for the down payment or in a lot of our clients situations they need help to pay the mortgage so that they do not lose their house or apartment and thus we come in and help them to stave off the creditors and pay them a large lump sum of cash in exchange for the rights to their payment streams.
No matter what your situation calls for the steps to selling a structured settlement is easy. You need to contact us using the form above and from there we will get you the amount of money you need and set you up with the proper documents, court dates, and more information.
Call us today to get started.
When searching for a third party company to sell your structured settlement or annuity, there are some important factors to look for. Selling a structured settlement is a big decision with many consequences to think about. By choosing the right company to sell to, you can make sure that the consequences are good ones.
Structured settlements are payouts from insurance companies with specific payments given out on a schedule over a certain amount of time. Structured settlements can be given for worker’s compensation, lead poisoning, car accidents, or even lottery and casino winnings. At first, these payments can seem like a boon for the person getting the payments. Often, however, the person receiving the settlement will need more of his money than he is getting. They may need a car or home repair, might want to start or go back to college, maybe open a business. The lump sum received from selling a structured settlement could go much further than the small payments the person has been getting, and could do more to help their situation.
One company, iSettlements, is a leader in the buying of structured settlements. They work diligently to make sure that their customers are getting the most for their structured settlement. By being a direct funder, iSettlements is able to cut out any middle man, removing costs from the person who needs the money the most, the person selling the settlement.
iSettlements is easy to reach, with a click-to-call feature right on their front page. They also have easy to reach online counselors, ready to help their customers at a moment’s notice. This customer service has helped iSettlements become one of the leaders in the industry, stepping in front of their larger competitors to give customers the time and attention it takes to get them the most money deserved for their settlement.
iSettlements also works fast. While some structured settlement sales can take up to three months, iSettlements can normally get them done in eight weeks. Their swiftness comes from being true experts in their industry. Their team encourages open communication between lawyers and customers, believing that kind of openness leads to getting the best job done.
Selling a structured settlement is a big decision that takes a lot of thought. By using iSettlements, customers can be assured they are getting the best service and value for their settlement.
Company website- www.isettlements.com
Company phone number- 1-877-595-8073
Steve and 123 Lump Sum
Every Friday night, on his way home from work, Steve would stop at a convenience store and pick up ice cream for his wife. They were expecting their first baby, and she was holding onto the ice cream cravings. Unbeknownst to her, though, Steve was buying a single lottery ticket every time he did. It was just a game Steve played, a fun way to dream of the future, to be able to have something to give his child. Well, Steve didn’t win millions upon millions of dollars, but he did win $75,000 on a scratch off.
Steve began receiving an annuity, set up for him to get $1,000 a month for the next six years. While the extra income was useful when the baby was first born, expenses began to pile up. Doctor’s appointments, baby gear, and just buying diapers began to take their toll on Steve’s bank account. After a car repair and some credit card purchases, Steve found himself in debt. Instead of enjoying his lottery winnings, Steve began to resent the small amounts that were coming in. Winning the lottery was supposed to help Steve, and he felt as if he was getting nothing out of it. So Steve decided the best thing to do would be to sell his annuity.
Steve checked around for quotes to see what he could get, and he found the best quote at 123 Lump Sum. They were able to get Steve the money he needed to get out of debt fast. Steve was very happy with the way the financial manager that 123 Lump Sum had on call talked him through his decision, helping him get the amount he needed. And they moved fast, getting Steve his money in about eight weeks. He appreciated that he didn’t just feel like another thing to get through, like he did with some the bigger companies. Steve felt like 123 Lump Sum really cared about his business, and would really serve him best.
123 Lump Sum is a direct funder. That means that they are the people with the money. There is no middle man taking a cut out of the lump sum that Steve or other sellers would get.
Steve went over all the angles, and chose the company that was best for him. Of course, it is important for all sellers to do the same. If selling an annuity or structured settlement is something you are looking into, be sure to consult a financial planner.
Company website- www.123lumpsum.com
Phone Number- 1-800-400-9123
Who Will Buy My Structured Settlement?
A structured settlement is one of the most attractive, even ideal, long-term investments on the market. They are often guaranteed for multiple years (sometimes for life) and are tax-free. Structured settlements are commonly awarded to those involved in a personal injury lawsuit or a product liability claim.
Sometimes, however, a structured settlement is not as effective as it should be. This often happens in instances where some sort of financial stress (for example: medical bills, a large debt, a new investment) is eminent in the person’s life that is receiving the structured payments.
In instances like these, you have an option. You can sell your structured settlement for a one-time single payment. This large amount of money can then be used to get your financial life back under control.
But whom can you sell your structured settlement to?
Structured Settlement Companies
The primary way to sell your structured settlement is to contact a structured settlement company. These organizations specialize in buying structured settlements and paying a lump sum payment to the seller. Fortunately, there are dozens of these companies in each state, so finding one to sell to shouldn’t be a problem.
Choosing the Best Structured Settlement Company
While finding a company to sell your structured settlement to might be a walk in the park, finding a good company to deal with won’t be quite as easy. A good structured settlement company is one that is reliable and gives you the biggest return on your sale as possible.
Here are a few surefire ways to find the best structured settlement company for you:
- Reputation – It is essential to only deal with companies that have sterling reputations. Make sure that the one you choose is part of the Structured Settlement Brokers Association, a trade group focused on the industry. This group provides a Code of Ethics that all members must follow and polices its members so that nothing unscrupulous is going on.
- Reviews – Use the Internet to its fullest when looking to sell your structured settlement. Read reviews on each company you are interested in – there are literally dozens of reviews available – to weed out the ones that are less than stellar.
- Free Quote – Ask the structured settlement companies that you are interested in for a free quote. This will give you a solid estimate on the amount of money you will get from selling your structured settlement to them. Keep it in mind that this is not a final amount. It is merely a quote.
- Use Your Gut – Always take stock in your personal feelings when looking for a company to sell your structured settlement to. If you are uneasy about a particular company, it is best to look elsewhere. Your money is at play here and you want to get as much of it back as possible. You want to get what you deserve from selling your structured settlement.
Finding the Right Buyer from Structured Settlement Company Reviews
Over the past few years, there has been a dramatic rise in the number of structured settlement buyers currently operating. Chief among the reasons for this rise is a growing familiarity with structured settlements and a struggling economy that is forcing many people to sell off their annuity payments.
Those that have a structured settlement they want to turn into cash to get out of a financial hole have several options. While it is nice to have several structured settlement companies to choose from, it can also make the final decision much more difficult. Sometimes it is easier to pick a great company when there aren’t a lot of options to sweat over.
Fortunately, along with the rise in the number of people using these companies, has come a rise in the number of reviews. There are currently hundreds of structured settlement company reviews available online. If you are interested in selling your annuity for cash, it is essential to look closely at these reviews.
Here are a few of the best tips on how to make the most of structured settlement company reviews:
- Make a List of Companies in Your Area – Selecting a local structured settlement company to sell your annuity to is generally going to be your best bet. This way you can work with them in person. Start by making a list of the companies in your area.
- Start With Reference Recommendations – Though it isn’t very likely that you will know someone who has sold an annuity for cash before, it can be a smart idea to ask around. Ask friends, family, and acquaintances if they know anybody who has. Track these people down and ask them for their recommendations. Were they happy with the company they chose?
- Research the Companies Online – After narrowing down your list to the companies in your local area (and possibly working in a few references), research each company online. Reviews are very easy to find with a simple Google search. There are a number of review websites that specialize in reviews in the structured settlement industry.
- Ask for Free Quotes – After narrowing down your list even more by looking at structured settlement company reviews online, it is time to ask each of them for a free quote. A free quote will give you an estimate on how much you can expect to receive by selling your annuity.
- Meet With a Financial Advisor – Your last step before deciding on a company should be meeting with a financial advisor. Be certain to find one with experience in selling structured settlements. They will be able to go over your plans with you to make sure that they are what you really want to do.
Even though it might not be ideal, sometimes selling your structured settlement payments to a company for a single cash payment is necessary. But don’t go with just any company. Use the tips above in addition to structured settlement company reviews to find the very best one.
Get Your Structured Settlement Cash
Structured settlements are becoming more and more common these days. They are most often rewarded in personal injury cases or product liability cases. The big difference between a structured settlement and a lump sum settlement is that a structured settlement guarantees you a specific amount of money in regular payments over a specific period of time.
But sometimes you choose a structured settlement and then life gets in the way. While the regular payouts were ideal at the close of your case, an unfortunate situation has come up where a lump sum of cash is needed. Fortunately, structured settlement companies operate to help with just these situations. They are companies that will pay you a lump sum payment for your structured settlement payouts.
However, the road to getting your structured settlement cash is not always an easy one. Whether you need the money for unpaid medical bills, mounting debt, a large down purchase, or for another reason, the path to getting the cash you desire isn’t always easy.
Here is a little bit more information on how to get your structured settlement cash with the least amount of hassle possible.
A Long and Tedious Process
Right off the bat, it is important to understand that getting cash for your structured settlement will likely be a long and tedious process. There are quite a few hoops that you will be required to jump through. In some states, you will even have to be approved by a state court before receiving the cash for your structured settlement. Though this can make the process a little bit slower, the step was put in place to best protect your personal financial interests.
If you live in a state where approval is required, you need to give the court a valid reason why you need to receive the money immediately instead of as per the terms of your structured settlement agreement. The reason that some states do this is to ensure that people aren’t selling their structured settlements to receive cash for frivolous spending.
They want to make sure the money is being used for something important and necessary. After all, a structured settlement is originally designed to help a person get their life back under control after an injury or an accident.
Keep At It
The key to receiving your structured settlement cash is keeping at it. Don’t get discouraged even if the process is long and tedious. It is important to keep your head up and your eyes on the target whether or not your home state requires court approval.
Get Your Structured Settlement Cash
Unfortunately, the process of getting your structured settlement cash by selling your settlement to a third party company can be long and quite tedious. But if you keep at it and have a valid reason for doing so, chances are that you will end up with the money you need. Selling a structured settlement isn’t ideal but it can help out a lot depending on the specifics of your individual circumstances.
Money Received through the sale of tax free structured settlement payments
Did you know that the money received through the sake of your tax free structured settlement payments should also be tax free? Contact our payment services toll free to find out the tax status on your structured settlement or annuity.
Structured settlement and annuity recipients are protected by Section 104(a) (2) of the Internal Revenue Code as follows:
“Damages (money) received from personal injury settlements and sickness should not be considered as income and therefore should not be subject to tax.
Under a structured settlement, all future payments are completely free form:
- Federal & state income taxes.
- Taxes on interest, dividends and capital gains.
- The Alternative Minimum Tax (AMT).
Additionally, Section 5891 of the Internal Revenue Code was passed in 2002 and protects annuitants in the sale of their structured settlement payments.
“Section 5891 requires that the sale of structured settlement payments be approved by a judge in accordance to the state legislation and statute. This model act was created to make sure that every structured settlement transfers is in the best interest of the annuitant and dependents of the annuitant.”
To qualify for special tax treatment, a structured settlement must meet the following requirements:
- A structured settlement must be established by:
A suit or agreement for preiodic payment of damages excludable from gross income under internal revenue code section 104(a)(2) (26 U.S.C. 104(a)(2)); or
- The periodic payments must be of the character described in sub paragraphs (A) and (B) of Internal Revenue Code Section 130(c)(2) (26 U.S.C. 130 (c)(2))) and must be payable by a person who:
- By a person who has assumed the liability for such periodic payments under a qulaified assignement in accordance with Internal Revenue Code Section 130 (26 U.S.C. 130).
Your structured settlement is important to consider during tax season. Please call us here at Cash In Your Annuity for more information on the tax free status of your structured settlement or annuity payments.
OUR EXPERIENCED ACCOUNT EXECUTIVES ARE READY TO HEAR FROM YOU.
Structured Settlements and Personal Protection
When a person receives a structured settlement, chances are it is due to something rather unpleasant like an injury whose cause was not the fault of the individual. It is how the whole concept of the structured settlement came into existence. It is not the by-product of an investment strategy or some other long-term strategy designed with retirement in mind.
Because of this notion, when a person is in a situation where they need to receive cash for structured settlement, there are a few stipulations that must be met before such a transaction is approved. Such stipulations may feel like unnecessary hoops to jump through, but they are in existence to protect the best interests of the person seeking to pull the trigger on the transaction.
The Structured Settlement Protection Act
If you are in the market to receive cash for structured settlements, chances are you are going to have to obtain approval from a state court in order to do so. Every state has what is known as a Structured Settlement Protection Act on their books, with the following exceptions:
- New Hampshire
- North Dakota
This law authorizes the courts to scrutinize every cash for structured settlements claim in order to ensure that the monies that are being requested as part of the exchange is not going to be used for what could be deemed as frivolous purchases. For example, if a person looking to receive cash for structured settlements so that he or she may have money to cover the cost of spiraling medical costs that may have stemmed from the incident related to the structured settlement, the state court will more than likely offer its stamp of approval. However, if a person were to attempt to receive cash for structured settlements in order to take that dream vacation to Tahiti, it is likely that the state court may frown upon the transaction.
Such a law is set in place primarily to protect the best interests of the person receiving the structured settlement. After all, the receipt of a structured settlement may come with the temptation to not use the money in a way that is wise or logical. The Structured Settlement Protection Act more or less removes this temptation from the equation, thus essentially forcing people to use the monies for their intended purposes.
Time is of the Essence
As you may guess, the court’s involvement in the proceedings means that the overall cash for structured settlement process is not a quick one. People that do qualify to sell their structured settlement to a secondary buyer will not see their money come to them for at least thirty days after the court approves the transaction. In some cases, the receipt of this cash could take several months before it reaches your bank account. As such, if you are in a financial predicament, you should keep this time lag in mind as you begin to take the steps to receive cash. As is the case with anything financially related, your due diligence is essential to the overall process.
What to Look for in a Structured Settlement Company
One of the better assets of receiving a structured settlement is that it can be used as a financial resource in the event of a monetary predicament. While the original intended construct of a structured settlement is designed to help you receive a fixed amount of money over a designated period of time, sometimes that design and its good intentions simply won’t cut it. And selling your structured settlement off could provide you with the cash that you need in order to find relief from the following situations:
- Unpaid medical bills stemming from an unexpected emergency
- Mounting credit card or student loan debt
- Sudden funeral costs
If you find yourself in a situation where you need to turn the structured settlement of tomorrow into the cash of today, you know that there are several companies that buy structured settlements waiting for your business. But how do you go about selecting the one that is right for you?
One of the key elements that you should look for when you start looking for a company to sell your structured settlement to is experience. Because of the proliferation of the industry in recent years, there are several companies that buy structured settlements that have cropped up as a result. Your best bet here is to look for a company that has been around the block a few times. If you still want to check out a newer company, make sure that it is staffed with people that have plenty of industry experience.
Another big step to take is to take a look at a company’s online reputation. There is certainly no shortage of product review sites on in Cyberspace, and they come loaded with the pros and cons of virtually every business imaginable, including structured settlement companies. This information can come in very handy as you formulate an opinion as to what company may be right for you, as you will get a chance to see the experiences people have had as opposed to the experiences that the company wants you to see. That said don’t discount the company’s own hype: If there are testimonies printed on the virtual page, you can track down those that give the company praise and ask them details on their own experience.
Finally, don’t be afraid to check a company’s credentials. Sites like the Better Business Bureau can provide you with information to show just how solid in standing a company that could be interested in working with truly is – information that could very well make or break your interest in a company.
It’s Your Money, Act Like It
Ultimately, these steps are all bound by the need to do due diligence in the search for the right structured settlement company. This makes a lot of sense, of course. After all, your money, finances, and even livelihood are in play here; as such, making a poorly informed decision can have negative ramifications for you in the short term and the long term. However, a well informed decision can give you the kind of peace of mind that is crucial to any financially-based procedure.Call Us Today
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