Structured
Settlement Owners Are Very Fortunate
When an injury occurs, the injured party will at some point, be
offered a Settlement. This will be either in the form of a Structured
Settlement, or a Lump Sum. The cause of the injury doesn’t matter in order
to qualify for a settlement offer. It could have been an auto accident,
workplace accident, or even falling off of a ladder at your neighbor’s house.
The point is that the structured settlement has a lot to offer, but has a
built-in surprise.
Benefits Of Receiving a
Structured Settlement
The stream of income from the Annuity will be Tax-Free. This is a
unique benefit unequaled by other financial-products. Another benefit of an
Annuity is that it can be set-up for a lifetime of guaranteed payments. The
Life Insurance Company bears the burden of fulfilling the guarantee of
payments. The claimant is secured by the full-faith and performance of the Life
Insurance Company.
Investment in other financial products can involve major fees.
These fees effectively lower the ROI by up to 5.5% per year. You can look
forward to such fees as: Investment Management Fees, Legal and Accounting Fees,
etc. There are no fees placed on Annuities.
The Big Surprise
The big surprise is that.........things change! When you accepted
the structured-settlement offer, it sounded great. Fixed payments over a fixed
amount of time. Sounds good, that is until that set amount of money is no
longer enough to meet your needs. This happens all of the time.
The good news is that if you are an owner of a settlement, you can
consider yourself lucky. In these tough economic conditions, and uncertainties,
you hold in your hands the key to financial freedom. Do you have any idea how
many people wish they had a settlement they could turn into a large lump-sum of
cash?
I have many clients who were fortunate enough to be the owner of a
settlement. It was not fortunate that they were injured, but now they hold the
winning hand. As other folks all around are struggling to pay their bills, a
settlement holder can sell their Annuity, and have a windfall of cash.
How they handle this sudden windfall of cash will determine if it
was worthwhile to cash-in. Some people have payments due on their Mortgages and
Auto Financing, while others need some extra cash for their kid’s college
tuition. Some of my client’s have taken their settlement and invested it
wisely. They have replaced the income stream, and have investments that are
appreciating in value.
Don’t Go It Alone
It would be silly not to enlist the aid of a competent Structured
Settlement Broker, such as Einstein Structured Settlements. The value of an
established company in this field, with all of their connections and experience
is immense. It can mean the difference in the amount of money you are offered
for your settlement. Stick with the well-known firms, l always recommend the
helpful staff over at Einstein Structured Settlements you can check out their
website for selling a structured settlement here.
