Small Business Software Reviews, Services Insight and Resources

Small Business Software Reviews, Services a steady flow of information, insight and inspiration for small business owners and operators: 2016, 2017, 2018, 2019, 2020.

Top 4 Structured Settlement life Annuity Companies | 2018


Top 4 Structured Settlement life Annuity Companies | 2018
4.9 (98.89%) 18 votes

A life annuity is an insurance product that you can buy in return for regular payments for the rest of your life. Life annuities are a great way for retirees to supplement their retirement income. These payments are used by individuals to provide for their basic necessities after retirement.

Read More: Top 10 Structured Settlement Companies


There are two ways to buy a life annuity. One way is to pay for the life annuity on a periodic basis over a few years. The other option is to buy the annuity on a single large purchase. So when you retire, the annuity makes regular, periodic payments – usually monthly – to you and provides for a solid source of income.

However the payments from the annuity last only as long as the individual is alive. The payments are stopped immediately following the death of an individual.

Read More: Top 5 Structured Settlement Loan Companies

Are life annuities right for you?

Life annuities are excellent options to have for older people, but they are not for everyone. For example, if there is no chance that you will ever run out of money and if you are quite loaded, then life annuities are probably not for you. It would make better sense for you to invest your savings in a high interest or dividend bearing financial instruments such as high-yield bonds, shares and mutual funds.

Life annuities also do not make sense if you enjoy a big employer pension that will be paid to you for the rest of your life. They don’t make sense either if you have poor health, because if you end up dying pretty soon, the payments will be stopped immediately – which would be such a waste.

Read More: Top 10 Best lawsuit Settlement Funding Companies

Also, once you buy a life annuity, you are tied to it. You cannot sell it or take your money elsewhere, as in the case of an investment in a share or mutual fund. So, this might be a drawback depending on your point of view. Also, if you’re someone who would like to leave something for their heirs after passing away, well, you can’t do that with life annuities, as your payments will stop automatically after you die.

You should buy a life annuity if you are nearing retirement or have already retired and are in reasonably good health and are confident of staying alive for many years to come.

You should not see life annuities as the final solution to your retirement. They should be a part of a much bigger retirement income plan which includes shares, mutual funds and fixed income bonds, in addition to life annuities. It is important to find the right balance between a guaranteed income – which is represented by the life annuity and growth potential of an investment – such as shares and mutual funds.

How much money do you really need?

So if you’re going to buy a life annuity, how much money do you really need from it? Well, you should be able to live comfortably off 4% of your total investment in the life annuity each year. Also, inflation should be taken into consideration as the value of a dollar ten or fifteen years from now is going to be a lot lower than what it is today. So you should have a backup plan as well, in addition to the life annuity.

Read More: Top 4 Best Debt Relief Companies

When to buy a life annuity?

The best time to buy a life annuity is when you are older. Unlike conventional bonds, the payout rates for life annuities are higher if you wait till you are older before buying them. The best time to buy these annuities is when you are in your early 70s. This way you can benefit from the pooling of the longevity risks, which is higher as you get older. So, if you’ve sold a house or a plot of land for say $500,000 and are not sure about what to do with your the money, you may want to invest in a life annuity. This way you will get guaranteed monthly payments of around $7000, which is higher than what you would get as interest, had you put the money into a bank instead.

Read More: Top 10 Legal Funding Companies

We hope you found the information given here useful and you now know what is life annuity.


Top 4 Structured Settlement life Annuity Companies:


OASISFINANCIAL

Get legal funding within 24 hours for your bills. Even if you lose your case, you still win with Oasis – you get to keep the money.

OASISFINANCIAL

OASISFINANCIAL

FAIRFIELDFUNDING

We buy structured settlements and annuities. Sell your structured settlement or annuity payments and Get Cash Now.

FAIRFIELDFUNDING

FAIRFIELDFUNDING

PEACHTREEFINANCIAL

Need cash for your structured settlement, annuity payments, or funding for your lawsuit? Find out how to access your money now and turn your goals into reality.

PEACHTREEFINANCIAL

PEACHTREEFINANCIAL

DRBCAPITAL

DRB Capital Can Help You get a Quick Lump Sum Payment For Your Structured Settlement Payments or Annuity Payments.

DRBCAPITAL

DRBCAPITAL

How to Sell Annuity Payments?

Why Should I Sell Annuity Payments?

There are several reasons why you should consider selling your annuity payments. Perhaps your annuity payments are no longer enough to meet your needs. They were probably awarded to you when you were a minor and now that you’re an adult, the payments are no longer sufficient. So, you would benefit greatly from receiving a lump sum payment today rather than to wait years to cash in all the annuity payments.

Reasons to Sell Annuity Payments

Reason #1: You are buying or renovating a home. So the lump sum payment can help you make a down payment on a new home or make urgent renovations to the house.

Reason #2: You are starting a new business or need money for a new investment. You are trying to grow your current business.

Reason #3: The cost of college education has gone up by 400 percent over the last decade. Selling the annuity payments can help you pay for college without adding to your family’s financial burden.

Reason #4: You have collected large credit card debt, student loans, consumer loans and bank loans. You have large mortgage payments to make on an urgent basis. Selling the annuity payments can help provide for this.

Reason #5: You’ve been through an expensive divorce, and everybody knows how devastating a divorce can be to an individual’s financial situation. You can use the cash from the sale of annuity payments to fund your legal expenses.

Reason #6: You can sell annuity payments and invest the proceeds of the sale into high interest investments such as stocks, property and so on.

How to Sell Annuity Payments?

Before selling annuity payments, you will need to take a decision on whether a lump sum payment would meet your financial needs better than getting regular annuity payments over a number of years. Some of the things you need to think about are, how much money you require, whether selling the annuity payments would affect your future financial obligations and if you need the lump sum payment for a genuine reason, and not for, say, buying a new BMW. Let’s look at the process of selling annuity payments.

Put Together the Paperwork

The first step is to put together all the paperwork and documentation related to the annuity payments. The annuity buyer will need a copy of the settlement, any documentation related to it, proof of the annuity payments and your ID.

Get an Estimate

The next step is to get an accurate estimate of how many annuity payments you need to sell to get the lump sum amount desired by you. You should be very clear about how much money you need.

Accept the Offer

The next step is to notify the annuity buyer that you have agreed to their terms and have decided to accept their offer. If you are not fully satisfied with the offer, you can ask for a revised quote.

Sign the Agreement

Once you’re satisfied with the offer, you can then sign the agreement sent to you by the annuity buyer. Review the document carefully and pay close attention to the fine print. Sign the agreement only after you’re confident that it is exactly what you want.

Get a Court Order

Next, the annuity buyer will file for a hearing in the court to get the transaction approved by a judge. Whether you are successful at getting the judge’s approval or not depends how genuine your reasons for wanting to sell annuity payments are.

Receive the Money by Wire Transfer

As soon as the judge approves the transaction, a court order will be sent to the insurance company, who will then send the lump sum settlement amount to you by direct wire transfer. This completes your annuity sale.

Structured Settlements – All The Facts!

What are Structured Settlements?

You’ve probably noticed the ads on TV by structured settlement companies offering an immediate access to your money. You know how the message goes – cash in on your structured settlement and get your money right now. So what are structured settlements?

Had you been a successful plaintiff in a personal injury lawsuit, and won a large settlement, you would know what structured settlements are. You are a large sum of money that are paid to you over a period of time in small installments. You may be receiving these payments already or perhaps you have opted for a lump-sum cash payment.

Here, we discuss everything that you should know about structured settlements, how they operate and why they are so useful to you. When you look for information on this topic, it is easy to get lost in the complex legalities. Here, we have simplified the concept for you as much as possible. Read on for more!

How Structured Settlements Work

Structured settlements are basically about taxes. For example, if you were the injured party in an automobile accident and received a settlement worth $250,000 from the defendant – the driver – or an insurance company – it is essentially tax free. However, when you invest the $250,000, then your earnings on the investment are taxable. If you get a structured settlement instead, rather than the $250,000 in lump-sum payment, then you will be paid the amount over a certain number of years, or even for the rest of your life, depending on the option chosen by you. The advantage is that each payment received this way is tax free. So this allows you to convert your after-tax earnings into tax free returns.

Structured Settlement Brokers

Structured Settlement Brokers are like insurance agents, who get in touch with your as your case appears closer to a settlement. They are given a commission by the life insurance company that issues the lifetime annuity to you. These brokers walk you through several financial projections that take into consideration the number of years over which you want the payment to be made, whether you want the payments to last for the rest of your life and so on.

Why Structured Settlements are so Flexible

Structured settlements are very flexible. Which means, you can arrange for no payments to be made for around 5 to 10 years and then for the payments to start, so that your retirement is taken care of. But it’s important to consider how you would like to be paid and determine the structure before signing on the settlement agreement.

The Mechanics of Structured Settlements

You are not allowed to own the annuity policy. As a plaintiff you can just receive the payments from a company assigned by the court. The assignment company buys the annuity from the parent insurance company. It owns the policy and pays you regularly till the end of the term as stipulated by the contract.

Tax Settlements

Tax settlements are unique type of structured settlements that have become widely used since the last few years. The settlements in this case are non-tax free – which means a tax has to be paid on each payment got from the settlement.

Structured Settlement Companies

You have probably seen the ads from structured settlement companies yourself, which ask you to cash in on your settlement. Basically, they buy the settlement at a discount from successful plaintiffs and provide them a lump-sum cash payment in return. But it’s not so simple as a court hearing needs to be held before such a transaction can take place in many states.

Final Thoughts

Structured settlements offer maximum asset protection and are tax efficient. To make the most of these settlements, you should arrange for them to be paid for as long as possible. But you should remember that once you set up a settlement, it cannot be changed.

Personal contact info – slikgepotenuz@gmail.com

Permanent Address :- Montville, NJ

CEO and co-founder at Cloudsmallbusinessservice.com