Structured Settlement Education Effort Launched

It is not uncommon for a family having trouble paying its bills to own a structured
settlement annuity that could be worth $70,000 to $100,000 in cash, an Einstein
spokesman said. Such families don’t know the cash value of the annuity because
they fail to take advantage of the many websites that offer free estimates of annuity
value.

Others may not realize that they might have the right to sell their annuities, the
spokesman added. The law in most states gives annuitants the right to sell their
plans for cash and transfer the payments to somebody else. This usually includes
structured settlement annuities.

Structured Settlement Education Effort Launched

Not only are many recipients unaware of their annuity’s true value they fail to realize
that they can sell it, the spokesman said. He said this state of affairs has prompted
Einstein Structured Settlement to launch an intensive effort to educate the public
about structured settlements.

The effort will involve press releases, an enhanced website and extensive marketing
through search engine optimization. The ultimate goal of the initiative is to reach
lower income individuals that have structured settlement annuities and trouble
paying their bills.

The increased demand for structured settlement annuities as an investment and
the higher cash value being offered for them makes such an effort worthwhile, the
spokesman said. He also noted that economic conditions are forcing more and more
people to sell their plans.

Part of the educational effort will include promotions designed to get people to ask
for quotes about their annuity’s value. The spokesman said that many potential
sellers don’t even realize that most factors will actually provide a free estimate of the
plan’s value.

There are now many websites that provide this service at no risk to the individual.
All Einstein Structured Settlement needs to estimate a settlement’s value is the size
of the monthly payments.

The new online buying process makes it possible for Einstein and other companies
to make cash offers for structured settlement annuities very quickly. The accident
victim that recently received $70,000 was able to sell his settlement in less than a
month.

The $70,000 was paid out in a lump sum of cash that allowed the man to actually
pay his bills. Many other victims are also able to pay off debts, including mortgages,
credit card bills, car loans and student loans with the lump sum.

Making a Person’s Day Part of the Job

Making such a person’s day is one of the biggest rewards of working for a factoring
company, another Einstein employee noted. She said that she hears from people
unable to make mortgage, rent, health insurance or car payments almost every day.
She noted that some of her clients are not even able to pay their phone bills.

Other clients often end up depending on food stamps and other forms of public
assistance even though they are receiving the annuity payments, the factor or
expert in buying and reselling annuities noted. She said companies like Einstein
perform a real public service by providing families with the cash that they need.

The biggest regret that factors have is that they cannot help every person that
contacts them. The factor noted that many structured settlement contracts prevent
the sale of the annuity. She also said that there are state laws that prevent the sale
of annuities.

It is easier than ever to sell structured settlement annuities, Einstein’s employees
have found. The reason for this is that many annuities pay a higher return than U.S.
Treasury bonds and they are just as secure. Most structured settlement annuities
are issued by large insurance companies with a AAA rating. Many investors regard
annuities that meet those criteria to be just as secure as bonds, a factor noted.

When asked if the education efforts will inspire more recipients to sell structured
settlements, the Einstein employees said yes. They noted that the sluggish economy
has many families looking for extra sources of cash. They also noted that other
sources of income, such as temporary jobs, are drying up. That situation makes
structured settlement purchase more attractive to many families.