"He who lives by the crystal ball soon learns to eat ground glass."Edgar R. Fiedler
|
| |
Selling a Structured Settlement
With the countless web sites, advertisements, legal jargon and complex issues surrounding structured settlements, it is easy to become overwhelmed and frustrated when you are simply searching for answers and straightforward information. Whether ...
Selling Structured Settlements
This article provides useful, detailed information about Selling Structured Settlements. Structured settlements can be sold when there is a monetary emergency. There is an option of selling the settlement in parts, instead of opting to sell the ...
Structured Settlements 101: How Structured Settlements Work
You have probably heard the term “Structured Settlement” on a television or print ad and wondered what it meant. After all, the term is not a part of our everyday lexicon. A structured settlement is a contract under which an insurance company undertakes ...
|
|
|
| |
Chances are if you have business with an advanced funding firm, you know exactly why you're there; you want cash today in exchange for your future payments. But this does not necessarily mean that you are familiar with or comfortable using the terms the company you are interacting with is proficient in This is the buzzword guide to advanced funding terminology to help prepare your for your transaction.
An annuity is an insurance contract in which a person receives fixed payments over a defined period of time, usually a lifetime. An annuity allows people to build substantial funds for retirement, and plan for future generations. You can also receive an annuity in a legal settlement, often called a structured settlement. As the annuitant, you are the person entitled to receive the annuity payments. These payments are generally deferred payments scheduled over a long period of time.
Often, people feel locked in by their annuity, and realize they need flexible options fast. This is where advanced funding comes in. You can sell your annuity for a lump sum payment or cash now. Funding companies like JG Wentworth specialize in purchasing annuities and structured settlements. Funding companies will step into your shoes, and accept your deferred settlement payments in exchange for an immediate lump sum payment. This is called liquidity, or the ability and speed with which a security can be turned into cash you can use now.
This terminology is often difficult to understand if you don't come from a financial background, but familiarizing yourself with them is essential before making any economic decisions. While everyone would love to know exactly how their finances will pan out in the future, it is impossible to foresee obstacles that will occur in the future. Educate yourself on the numerous possibilities available before completing financial transactions that will impact your future.
About the author:
Nina Nocciolino is a copywriter for DMi Partners, an interactive marketing firm specializing in higher education, real estate, retail and finance.
|
|
|
|
|
|
|
