The structured settlement annuity is offered by the insurance company who insured the party responsible for the injury as a way to compensate the personal injury claim victim without paying a lump sum of cash up-front. Sometimes a structured settlement annuity is better for the victim at the time of their accident, but often the victims circumstances change and they may need a lump sum today.
The recipient of a structured settlement annuity will receive these periodic payments tax free from the insurance company.
Structured settlements benefit the personal injury victim by insuring they receive a steady stream of future income, which is particularly important for minors or victims who have had life altering injuries and may be unable to earn income over their lifetime.
Why Sell my Structured Settlement Annuity. There are many reasons to consider the sale of your structured settlement annuity. Often times the reason is simply that the annuity payments coming in over time are no longer appropriate for the quick 2500 loan of the recipient. For example, the structured settlement annuity could have been awarded when the accident victim was a minor, but now as an adult with a full time job they would benefit more from receiving a lump sum of money today.
Sometimes there are very specific reasons why small periodic payments do not meet the needs quick 2500 loan the structured settlement annuity recipient, and only a lump sum can help accomplish their goals.
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