If you’re the recipient of a structured settlement annuity, chances are you didn’t get there by choice. Structured settlement agreements are often the end result of a long, drawn-out, and even painful process. Perhaps you were involved in a car accident, a workplace injury, or a class action lawsuit. No matter the cause, one thing is for sure: moving forward with your life is the most important step in recovery.
However, that’s not always easy after a major trauma or an incident that puts you out of work for an extended period of time. The end of a long legal process does not mean the end of your stress. After your lawyer collects her fee and moves on to the next client, you may be stuck with a mountain of medical bills to pay. You might need to find ways to reduce debt after using up your credit to cover upfront expenses. You might need to start a new career altogether — in which case, you might be thinking about going back to school.
Any of these expenses might be more manageable, you might think, if you were simply able to get settlement money now, instead of having to wait for the next annuity paycheck. At the end of 2013, for example, there were an estimated 34.8 million deferred annuity contracts in circulation worth a combined $2.58 trillion. That’s a lot of money that could be helping individuals put their lives back together.
Luckily, there’s good news. You can “sell” your structured settlement agreement to a trustworthy financial institution in order to get settlement money now.
It’s simple: The institution will take on your structured payments, and in return, they’ll give you a lump sum up front so that you can spend your money any way you choose. You can also choose to sell only a portion of your settlement. This way, you can get the amount of money you need to cover your expenses, while still receiving the steady support of an annuity check in the mail.
If you’re ready to get settlement money now, contact us at 123 Lump Sum today. One of our experienced representatives can walk you through the process to find out if selling your structured settlement might be helpful to get you back on your feet.