For victims of personal injury, structured insurance settlements play an important role in providing long term care and compensation for loss of income. Most beneficiaries are content to receive these payments over time but many victims don't even realize they have the option of selling their structured insurance settlement payments for cash.
Occasionally, people find themselves in situations where having a lump sum of cash would be more desirable than a stream of annuity payments. Usually there is an event that triggers the need for a cash payment such as paying college tuition, buying a home, or starting a business. Other times it is a life event that triggers the need to sell a structured insurance settlement such as; getting a divorce, settling debts, paying unexpected medical bills. Some individuals may just want to take advantage of a lucrative investment opportunity. For these and other reasons more people are choosing to sell structured settlement payments and take a lump sum of cash vs. waiting for future insurance annuity payments.
Occasionally, people find themselves in situations where having a lump sum of cash would be more desirable than a stream of annuity payments. Usually there is an event that triggers the need for a cash payment such as paying college tuition, buying a home, or starting a business. Other times it is a life event that triggers the need to sell a structured insurance settlement such as; getting a divorce, settling debts, paying unexpected medical bills. Some individuals may just want to take advantage of a lucrative investment opportunity. For these and other reasons more people are choosing to sell structured settlement payments and take a lump sum of cash vs. waiting for future insurance annuity payments.
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