Top 10 Structured Settlement Companies
Structured Settlement is a financial arrangement in which an individual or entity is issued a series of payments until the total amount of the settlement has been received. Settlements of this type are normally very detailed, and include a payment schedule that leaves no doubt as to when payments are to be received. This type of arrangement is sometimes used by insurance companies to settle claims, or in legal situations where paying a lump sum in a judgment would result in what the court considers extreme financial hardship for the party ordered to pay the settlement.
Read More: Top 5 Structured Settlement Loan Companies
Sell Structured Settlement Annuity Or Structured Settlement Payments
Sell structured settlement annuity is an arrangement between two parties where the responsible party pays a predetermined amount of cash to the injured party in case of an accident. Accidents can be deemed to be of various types – a physical injury, medical malpractice, damage or loss to property, wrongful death or psychological harm. The responsible party pays a fixed amount at fixed intervals to satisfy their financial obligation towards the injured party. Apart from cases of accidents, a structured settlement annuity is also applicable in cases of sudden windfalls like lottery or casino winnings.
Injured parties have options as to how they receive the money that is owed to them. They could choose to sell structured settlement or they can choose to receive payments over time. With the inceptions of selling lump sum payments structured settlement buying firms have popped up to provide lump sum payouts to injured parties. These payments are usually a percentage of the total amount that will be paid to the injured party. A percentage is held back to be paid to the lump sum payment company.
The biggest advantage of a structured settlement annuity is that the damages awarded is a large sum of money and is intended to meet the requirements of the recipient. The annuity payments form an incremental amount over a long period of time and sometimes over the lifetime of the claimant. In cases of accidents, the injured party incurs huge medical bills and a structured settlement annuity makes sure that the funds are available when needed. The claimant has the option of going for an equal installment or varied sums as installment as the case may be. It is also beneficial for the payer because there is no need to come up with a huge lump sum amount when a payment has to be made.
There are many organizations that buy annuities to cover them in cases they have to pay a claimant in the form of a structured settlement annuity. The annuity is planned in such a way that the claimant gets paid in the form of a combination of principal and interest for a long period of time.
Structured settlement annuity lawsuits have increased in recent years. This is because the amount awarded in these cases is usually very large and sometimes covers the claimant till the end of life. These days, there are many flexible structured settlement annuity plans available in the market that allows both the parties a lot of breathing space and make it much easier to make and receive the payments.
Structured settlement annuity is tax free. However, it has to be remembered that if an estate is awarded a structured settlement annuity, although there is no income tax, there will be an estate tax.
Read More: Top 10 Legal Funding Companies
If an injured party feels that after a while, they are no more interested in structured payments as installments, they can even sell their rights to their structured settlement annuity. There are a number of third parties, companies and individuals that buy structured settlement annuity plans. They offer a discounted lump sum to the original claimant and the ownership changes hands. This is beneficial for both the parties. The claimant gets a lump sum that he or she can invest somewhere else and the third party gets the ownership at a discounted rate and makes a profit out of it.
Structured settlement annuities have been there since the 1970s and provide a much convenient solution to large payment verdicts. Starting from the United States and Canada, this plan can now be seen applied in various other countries of the world.
Top 10 Structured Settlement Companies:
Structured Settlement Company | Woodbridge. A trusted structured settlement company since 1993, Woodbridge Structured Funding offers cash for structured settlements & annuities. Sell your annuity now.
J.G. Wentworth | So Much More Than Structured Settlements. At J.G. Wentworth, we got our start by getting people cash from their structured settlement payments so that they could use it on their terms, and it’s still one of the most popular options we offer. If you’re receiving payments from a structured settlement you received after a life changing accident or injury, find out about how J.G. Wentworth can buy your future structured settlement payments and give you a lump sum to spend now.
CBC Settlement Funding | Cash For Settlements & Annuities Made Simple. CBC Settlement Funding can provide you with a lump sum cash advance for all or part of the total amount. CBC Settlement Funding is accredited by the Better Business Bureau with an A+ rating, and we pride ourselves on providing a superior level of customer service.
Lump Sum Cash Now for Settlements & Annuities. DRB Capital is a leader in the industry when it comes to customer service. Structured settlement funding is not a loan-it’s a way for you to sell the regular payments you would normally receive in return for one lump sum of cash.
Annuity & Structured Settlement Buyers | Rising Captial Associates. If you were awarded a structured settlement and you are currently receiving payments or will be receiving payments in the future we can help you obtain your cash now.
Henderson Structured Settlements. Henderson Structured Settlements LP is licensed with the only four life insurance companies that provide structured settlements in Canada (The Manufacturers Insurance Company of Canada, Sun Life Assurance Company of Canada, The Canada Life Assurance Company, and BMO Life Assurance Company).
Peachtree | Sell Structured Settlement & Annuity Payments. Need cash for your structured settlement or annuity payments? Peachtree can help. Find out how to access your money now and turn your goals into reality.
RobinYoung & Company – Structured Settlement Specialists. Structured settlement annuities are innovative and powerful financial tools that offer individuals, spouses, and families many benefits to meet their needs, desires and expectations, often for a lifetime.
Insurance and Employee Benefits | MetLife. Get covered with MetLife insurance: life, auto & home, dental, vision and more. Learn more about MetLife employee benefits and individual insurance products.
McKellar Structured Settlements Inc. The McKellar Structured Settlement™ is the ideal solution…certainty of payment, preservation of benefits, with no fees charged and no income tax payable—ever!
Investment and Consumer Credit Counseling Can Get You Out of Debts
Debts can ruin your savings and also your credit report. You may have to repair your credit first and then can you take out a loan or a mortgage. If you have any investment, you can use the returns on the investment to take help of consumer credit counseling companies. These companies help you assess your financial situation when you’re in debts and also help you calculate how much you owe. Get to know how your real estate investment can help you pay off debts.
Consumer credit counseling – How does it help?
When you’re in debts and are contemplating bankruptcy, it’s always advisable to attend a free and no-obligation consumer credit counseling session. These sessions are really helpful to you and also help you get positive thoughts when you’re completely lost in how to pay back your debts. These counselors can advise you on how to pay off your debts and lead a debt free life forever. These companies offer you repayment plans according to your financial situation and your capability to get rid of debts.
You may not get the same repayment plan as other person because your income structure may be a lot different from that person. Sometimes it may happen that after counseling, you may get the idea of how to make regular payments to eliminate debts. But sometimes it gets really difficult to make ends meet after making important expenditures. Then the consumer credit counseling company comes up with a debt management plan (DMP) to help you get out of debts. In these plans, you also get good budgeting tips that’ll further help you get rid of debts and also help you save money in the process. You must follow the plans formulated by the credit counseling agency to help you be debt-free fast.
Investment – How does it help?
If you are an investor in real estate, you can sell off the property to get out of debts fast rather than taking help of consumer credit counseling companies. But if you’re not an investor in real estate and want to invest in one, just see that you’re not investing in anything which might get risky in the long run. Just check which investment tools are more in demand and have a lucrative market where you get good returns. The return will surely help you pay off the debts and also help you save money also. With the debts off your back, you can save and also think of investing later for better returns.
If you’ve incurred debts and have to go for consumer credit counseling sessions, better go for some extra income with higher returns in short span of time. If you haven’t started an investment, you can try going for the one that have better returns in a comparatively less period of time.
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