When something happens that awards us a large sum of money whether it is a settlement of the case, lottery winnings or an inheritance, these types of payments can take a long time to get to us.
You may ask what reasons would I get a sum of money? For example, let’s say that you got into a car accident and the case has gone to court. You know you were going to win, but you have to go through the right channels to get your settlement money. This could take months, even years. If you’ve been injured, it’s possible that you are not able to work for a while. Or maybe, your car got totaled during the accident. In either of these cases, you’ll need your money quickly in order to pay medical bills or buy a new car or both. Waiting for your payout can be a tedious and grueling process. Or perhaps a loved one has passed away and left you some of money in their will. Just because it is in the will does not mean the other family members are not going to contest it. Clearly, it is written down, so you will win, but it is going to take a while and maybe you were going to use that money to pay off some debt’s that are teetering dangerously close to collections.
So the next question is “what do I do?” If you need your money quickly you can actually get cash for your settlement before the case is even closed. Whether it be in structured payments or a lump sum coming your way, if it is taking longer than you desire you can sell your your cash in return for getting the money now.
What about “how much does it cost?” Fees will vary by company. But you do not have to pay anything until you have won your case. Some companies do not require any payment at all if you lose your case.
Now, I know you want to know, “can I get cash for annuity payments?” Annuity payments are when the insurance company or whoever is the payer will pay you either a lump sum or a series of payments. The answer to the question “can I get cash for annuity payments?” is yes, you can absolutely sell your annuity.
So lastly, how do you begin? There are different ways to do this. So you would want to consult a financial adviser to help you decide which idea is best for you. Whether you were asking “how do I get cash for annuity payments?” Or even “what are the structured settlement annuity benefits?” The adviser will definitely be able to bring things to a better level of understanding for you.