What Is Selling Structured Settlements?
In the world of financial transacting buying structured settlements and selling structured settlements typically refers to the transference, for an agreed upon amount of money, of payments that have resulted from an insurance settlement; used more generally the term may also apply to the transfer of other types of structured payments, such as lottery winnings.
How And Why Insurance Payments Are Structured
A structured settlement is really nothing more than a payment agreement between you and the party paying. They are designed so that in the end you, the recipient, do receive the agreed upon or court-ordered amount, but by structuring it into a settlement it is more affordable for the insurance company or payer.
In most cases the insurance company will buy an annuity (an investment vehicle) in order to pay you without having to actually pay the full amount "out of pocket". The company will buy the annuity for much less than your award, and then make it payable to you, the payee. The initial investment gains interest over time, which is how you come to receive your full amount through the payment structure. What you receive as the payee is a set monthly income, which is determined at the time of the order or settlement.
Essentially this is done to save the insurance company or payer money. The payer actually only pays a portion of the settlement, essentially investing the principal on your behalf and paying you over time with the proceeds of the annuity investment; in this way, the benefit is all for the payer; structured settlements paid through annuity investment do not earn you any more money than originally agreed, they simply give the investor (the payer) the means to pay their debts more cheaply.
Turning The Tables To Make Your Money Work For You
Structured settlements may make it more affordable for insurance companies and others to manage their debts, but they are not always the ideal arrangement for the recipients. In many cases great amounts of debt are incurred as a result of the incident, and even with a generous award these can be difficult to overcome. Other times recipients have life expenses and interests that cannot be pursued to the fullest with the streaming income the annuity settlement provides. And still others just have no interest in maintaining a relationship that has resulted only from their personal expense.
The good news is that by selling your structured settlement payments to Prosperity Partners you can turn the tables and once again be in control of your financial life. You can make it so that you are the true beneficiary of the annuity investment by arranging a structured settlement buying agreement with Prosperity Partners. In so doing you'll be able to access your cash faster and in greater amounts so that you can once again gain the flexibility of managing your money, instead of having it managed for you.
Contact Prosperity Partners today to discuss a full or partial structured settlement sale; get the cash out that you want or need, and take the control back from your debtors.
Ask Prosperity Partners friendly staff to
“get me my money today.”
info@prosperitypartners.com
1-800-509-1648.
