Got a Settlement on Your Hands? We Got Answers

Quote for your annuity payments

When someone receives a settlement, they often have many questions. However, the court system typically does not do a great job of answering these questions and explaining your rights before accepting fixed payments. People want to know: can I sell my structured settlement? Do other people do that? What can I even do with the money to make it last?

These kinds of questions are not only important to know, but they are what a responsible receiver of a settlement asks. They are the step towards securing a financial future for yourself and being well-educations on your rights as a settlement recipient helps you do just that.

Before you receive an influx of cash for annuity now that can potentially change your life for the better, there are a few important details that you should know.

Here are 2 common questions people ask (and should know) about their structured settlements.

Am I able to sell my structured settlement for a lump sum?
Typically, it depends on where you live. In New Hampshire, Wisconsin, and Washington, D.C., there are no Structured Settlement Protection Acts, which means that residents in those states aren’t allowed to sell their structured settlements. However, if you live anywhere else in the country, you have the right to sell your structured settlement for a huge lump sum. Talk about fast cash!

What can I do with the money that I get from the lump sum I receive?
Honestly, this ball is entirely in your court. There’s absolutely no limit when it comes to how you spend your lump sum, and however you choose to spend it can impact your life tremendously. Did you know that almost 76% of Americans are living from paycheck to paycheck? Additionally, the average credit card balance in the United States is almost $7,200. With the fast cash for settlements you receive, you can pay off any and all of your outstanding credit card bills and eliminate debt!

Regardless of what led to the settlement in the first place, settlement recipients are extremely fortunate. What will you do with your cash for annuity now? Let us know in the comments below.

Easy Settlement Payout Options

Quick cash option

Have you recently received a large settlement and not sure where to start or how to get your money? Do you want your money right away and all at once instead of waiting a long period of time and then getting payments in installments? If so, you should think about getting an annuity payout and you can start by getting a quote for your annuity payments.

What is an Annuity Payment?

An annuity payment is one of your best options to access your settlement cash fast. It is one of the fastest cash advances where you get a check for your settlement amount and can cash it right away for the full amount instead of having to wait for your money or have it disbursed to you in increments. There is nothing to payback, and once you have the money, you don’t have to worry about any other paperwork or issues that could come up, like with other disbursement processes.

65% of Americans prefer the lump sum payment to other payout methods because it gives them not only the money right away, but opportunity to advance their lives in so many different ways. By getting a quote for your annuity payments you can start to see some of the possibilities that you may have. Here are just some of the things getting a lump sum payout can do for you:

  • Pay off debt immediately. This can be auto debt, student loan debt, credit card debit, or any other kind of debt.
  • Buy a house. With the housing market back in tact, investing in a home is not only a smart decision, but can also be a great opportunity for your family.
  • Splurge on a trip and go see the world. With cruise costs at an average to low rate, airline tickets becoming more affordable, and hotel deals around every corner, you can go on an amazing trip and still have money left over.
  • Investing is always an option. You may have a large sum now, but if you invest it, in a few years it could be an even larger amount.
  • You can do a combination of all of the above; pay off some debt, invest in something, and still buy a luxury item for yourself.

Getting one lump sum will give your access to do all of those things. When you get your money over a period of time it does become harder to do any of those things all at once, or sooner rather than later. To get started, and to feel out your options, get a quote for your annuity payments now and see how much that one time fast and easy payout can change your life.