Want cash for structured settlement payment money you have recently been awarded? If so, you are not the only one, not by a long shot. 

Structured settlement annuities are proving to be very unpopular with a great many people, who are keen to sell their periodical payments as soon as they can.

Why structured settlements?

It never used to be this way. Before the 1970’s, most compensation claims were paid out in a lump sum.

The structured settlement came into being when defendants in such cases complained that they couldn’t afford to pay the whole amount at once.

Since then, structured settlements have grown in popularity – but not with the people who receive them. They are popular with financial advisors, who often take the somewhat patronizing view that their client is “better off” receiving regular payments over many years as they aren’t capable of using the money wisely by themselves.

Additionally, insurance companies also prefer structured settlement payments because they don’t want their cash flow to be affected, and it allows them to better balance out the risks they take.

But what about the smart man like you, who knows how to invest wisely and isn’t going to succumb to temptation to fritter the money away? You could do so much more with that structured settlement money if you received it all in one go.

Periodical payments offer little to no opportunity for you to invest that money into a new business or some other money making scheme. It can be very frustrating when a judge forces a structured settlement onto you.

Structured settlements can also make people lazy as well, as they prefer to laze about all day doing nothing rather than looking for work as they know they will always have money coming to them.

How to get cash for structured settlement payment money?

To sell structured settlement payments, unfortunately you are going to have to take a financial hit. Nobody is going to offer you the full value for your annuity – people who buy structured settlements do so because they treat them as investments.

More than likely, you are going to have to accept an offer that is around 70% to 75% of the total value of your structured settlement payouts.
Still, even though you are taking a loss on the initial sale, you will be able to get your hands on an instant lump sum of cash for structured settlement payment annuities that you sell.

What you do with this money next is entirely up to you – but it doesn’t take a genius to turn that lump sum into something much more profitable than if you just sat back and picked up the checks as they come through the door.

So long as your investments can generate a profit of around 10% to 12%, you will soon earn back that money you lost selling structured settlement payments, and within a few years you will be far better off financially than you would have been had you stuck with the annuity.

So if you believe that you could manage the money better by yourself, don’t despair if you are forced to take a structured settlement policy. Simply sell that policy right away, speak to a financial advisor about investments, get you thinking cap on and do something to make that money work for you.