Gain From Investing In Life Settlement Schemes

According to the general scenario, there is nothing fixed about life. However, we can provide some certainty by securing our life with good financial planning. Many companies are now making a step in providing economic policies that are rich with several lucrative features. One such finest deal is life settlement policies, under which you can legally sell out your life insurance policy in the market. This is popular among the senior citizens who cannot afford to pay heavy amounts of premiums. Most of the finance plans are basically concentrated with the objective of earning huge premiums, which is only useful for people who are economically well sufficient. But the problem mainly remains same with the retired seniors who face problems while managing their finances. However, by investing in life settlement plans you get entitled to have instant recovery and immediate benefits whenever required.

Investing in life settlement will let you a chance to escape out from the burden of heavy premiums. The eligibility for investing in life settlement policies are very similar to any other policy's terms and regulation including age limit and necessary documents. This is an option through which the policies can be used to resolve monetary issues. The firms offer numerous advantageous prospects to the senior citizen that allows them cash their life insurance. Now you do not have to sell your policy to the insurance company, but can make profits through the services provided by these brokerage firms. You must keep the fact in mind that, life insurance policies are beneficial only after a certain period of time.

People often invest their money into various schemes and financial plans. Generally there are two main motives behind this act, either securing the money for future use or to earn some profit that is again a step for securing future. Life is very unpredictable, so mostly people find it sensible to get insured for life. So that if ever life shows hard time the insurance can fetch some financial relief at least. Hence buying such policies is always a wise decision. As people are getting more conscious and alert about their future, many financial companies are introducing arrangements for Investing in life settlement schemes that can be super beneficial for people.

Such issues can solved if seniors by making an investment in life settlement. Through this they can get enough financial help to support their basic requirements. It is the financial transaction process that is settled between investor and policy holder. Indirect participation of the company is also allowed to give assistance in managing the regular requirements. People who understand the value of securing life will find investing in life settlement quite a beneficial deal. The investor can relax with useful monetary benefits and can even enjoy the advantages just like the policyholder. Before selling out your policy, confirm that whether it has the provision for reselling or not because it is illegal to sell a policy that is not meant to be sold again. However, you can then use the option of rescheduling you policy, so that it does not collapse.

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Selling Structured Settlements

Individuals sell structured settlements to get liquid cash. They can be sold to special financial institutions. The main advantage of selling structured settlements is that the annuity owner does not fall under any tax obligations. It is essential to research about settlement buyers; verify previous records and working relations with insurance companies. Purchasers should be licensed, insured and bonded. This helps in getting cash, even if the purchaser shuts shop. It is important to take approval from court before selling pre-arranged assets.

The judge studies the requirement of the vendor. If the need is a genuine and if the potential transactions are up to the mark, it is approved. A person who is bonded in the settlement cannot get credit from any other means. It becomes important to sell the deal. Once the transaction is approved legally, the sellers ask for a free quote. They have to provide all information regarding their state of residence, the insurance company and the length of the payments to the purchasers. After verifying the given information, purchasers provide a quote for buying the settlement.

After verification, if the purchasers are satisfied and assured of the seller's authenticity, they send a disclosure document. This document defines and explains all obligations that will rule the transaction in his favor. The seller signs a contract with the purchaser firm and dispatches it for court approval. The court takes 90 days to approve. After approval, seller will receive the predetermined amount of cash within five to ten working days.

Strategic Capital specializes in the purchase of structured settlement, lottery winnings and other annuity payments. Get lump sump cash for all your structured settlements and annuity payments quickly and easily.

How To Sell An Annuity

What is an annuity? An annuity is a regular monthly income stream that a person receives after an initial investment of money. Answering the question, "What is an annuity?" is a lot more complicated, of course. Annuities can be very complex and come in many different forms, so it's important to learn all you can about them before purchasing and selling. As with everything in life, knowledge is power, so it pays to know more about annuities before you get involved. Once you've researched more about them, you can move forward with confidence and make decisions that will benefit you the most.

You must sell an annuity in order to receive a lump sum payment from it - this is the main reason why people sell annuities. Annuities are generally safe investments, but they don't have high returns, especially when compared to the alternatives. However, they make great short-term investments - it all depends on what you plan to get out of your investment strategy. Diversification is recommended for most people as a way to spread your assets around and reduce risk while increasing the potential for profit.

Oftentimes people sell annuity payments to make a large purchase. Instead of receiving monthly payments you get a full amount in one payment. This can be very helpful if you want to buy a home and finance a large down payment, or purchase a vacation property. The best way to sell an annuity is to find a reliable company to sell it for you. A large company makes annuity selling easier because they have the funds and the experience to make it happen. Of course, there are downsides to selling an annuity through a larger company - you have to pay a fee and you may not get as much for the annuity as you hoped.

You can sell annuity plans in another way, although this isn't the most popular choice - directly to someone wanting the annuity. Annuity selling through this method involves a lot of legalities in some cases but it's not impossible to do it on your own. There are many annuity selling opportunities online that can help you sell annuity plans quickly and easily.

There are other ways to sell annuities as well, such as exchanging for other annuities or using them as collateral for a loan. To sell annuity plans you can get rather creative. For example, annuity selling that involves an exchange could work like the following - swap out a smaller payment over a long time period for a larger payment over a shorter term. This is a good option if you can't sell the structured settlement for a lump sum. You can also make a full swap, if annuity selling doesn't work out for you. This involves exchanging with a company or individual for an annuity that may be easier for you to sell on your own.

Although the latter method charges more fees and takes longer for all the transactions to be processed, it can yield exactly the results you may be looking for. Using your structured settlement on a loan is not recommended, but if the interest rates are low and you're willing to go this route, it's a viable option. This method gives you a higher yield on your annuity and you get the lump sum to use as you please.

Cash for Annuity Payments - Tips for Selling Your Structured Settlement

People who need cash for annuity payments can sell their structured settlement to a private note investor or lending institution. However, doing so is not without risk. It's important to understand how this type of financial transaction works and even more important to scrutinize the company you plan to sell to.

Obtaining cash for annuity payments is a rather complex process and requires the assistance of a structured settlement specialist. This can either be an attorney or professional who has been trained in this field. You can begin the process by contacting the company who organized your structured settlement or you can choose to work with another individual.

When you sell annuity payments to a private investor or financial institution, you assign them the right to future payments in exchange for a lump sum of cash. Annuity payments can be sold in whole or part. For example, if your structured settlement provides payments for twenty years, you can sell one to twenty years of payments.

The first step to obtaining cash for annuity payments requires you to determine how much money you need. Many people choose to sell their structured settlement payments to pay off debt, medical expenses or college tuition. Others desire cash for investment purposes such as purchasing stocks and bonds or real estate.

The second step requires you to gather your structured settlement details. The note investor or financial institution will need to know the name of the life insurance company backing the annuity payments, along with the exact dates, amount of each payment and how many payments are remaining.

Additionally, you will need to inform the investor of how much money you need and how many payments you wish to sell. This information allows the note buyer to determine the present day value of your structured settlement.

The investor will review the information and contact you to discuss various payment options. Private investors who specialize in structured settlements typically have access to a number of annuity buyers and will be able to connect you with those who offer top dollar for future annuity payments.

The initial consultation will take about one-half hour of your time. You want to feel at ease with the investor and should seize this opportunity to ask questions and obtain references. Be certain to contact referrals and conduct research on the company through the Better Business Bureau.

Once an annuity buyer is located for your structured settlement, you will receive documents which will need to be signed and notarized. As required by state law, this process takes a minimum of 3 to 10 business days to complete.

The signed documents are then sent to a factoring company who facilitates the underwriting process. Once the underwriting process is completed, the transaction must be approved by a judge who authorizes the transfer of payments. Typically, you must have a compelling reason to sell your annuity payments for cash. Reason being, structured settlements are issued to ensure the recipient will have funds to cover living and healthcare expenses. Many judges are reluctant in allowing individuals to sell their payments for cash unless they show just cause.

Before you attempt to obtain cash for annuity payments, take time to conduct thorough research. Investigate several note buying companies and speak with at least three consultants prior to making your decision. This will help ensure a positive experience when obtaining cash for your structured settlement.

Structured Settlement Company - What It Is and Why You Need One

A structured settlement company is an organization whose main focus is to assist individuals entitled to annuity payments. Although there are many types of structured settlements, one of the most common is those offered to individuals who have been seriously injured.

Most structured settlement companies employ consultants who specialize in a specific field. Typically, staff members consist of individuals well-versed in medical malpractice, law, finance, casualty claims, commercial liability and Worker's Compensation.

Structured settlement specialists work with both claimants and defendants to negotiate a compensation plan for the injured party. Instead of paying a lump sum cash payment, structured settlements provide consistent income over a specific period of time. Payments might be paid monthly, quarterly, bi-annually or annually. They can be paid out over a few years or a lifetime.

When a person is injured on the job, involved in an automobile accident, or as the result of negligence, he might be entitled to a structured settlement. Typically, an individual must incur losses of $10,000 to qualify for this type of financial agreement. If the case involves minor children, losses of $5000 or more may qualify for a settlement.

Generally, structured settlement payments pay fixed amounts during a specified time period. However, each settlement is unique and can be arranged in whatever manner best suits the needs of the claimant. Payments are funded by an annuity purchased from a life insurance company. It is the responsibility of the defendant to purchase the annuity.

A structured settlement company can assist the claimant in obtaining the funds he needs, when he needs them. Oftentimes, a team of consultants will work together on the case to ensure the injured party is compensated for both current and future expenses. Additionally, the company will manage the account portfolio and make financial investments on behalf of the claimant.

For example, if a claimant must undergo certain medical procedures for a period of six months, the structured settlement will be arranged to provide additional funds to cover associated costs. Once the procedure is complete the claimant will no longer receive the additional funds and will revert to a lowered annuity payment.

Working with a structured settlement company can ensure the claimant receives all the benefits they are entitled to. Well-established companies have access to multiple life insurance companies which allows them to obtain the best annuity for the injured party.

Structured settlement consultants can carefully craft a settlement to address both current and future financial needs of the claimant. They will work with the claimant to structure payment dates to coincide with the individual's financial needs.

When it comes to structured settlements there are as many ways to construct one as there are people who need them. Therefore, it's strongly advised to retain the services of a structured settlement company. These experts can guide individuals through the maze of options and ensure claimants obtain the best settlement possible.

5 Tips for Selling Your Structured Settlement

Consumers choose to sell their legal settlements (also referred to as structured settlements) for many reasons. While many sell their payments to help with college tuition, debt reduction, medical expenses or mortgage payments, most people sell their settlement to gain financial flexibility when personal or financial needs change. "The long payout periods of most structured settlements - typically up to 30 years - work well for many holders, but not all," said Andrew Torre, Chief Compliance Manager for J.G. Wentworth. "Many people find that they need access to their money now to pay for legitimate needs."

However, consumers often are unaware of their options when selling their structured settlements. What price is too low? Which company is reliable? Can I sell just part of my settlement? These are just some of the many questions that arise when considering selling your structured settlement. Torre recommends doing thorough research ahead of time. He offers these 5 tips to consider before selling a structured settlement:

1. Search for specialty finance companies that are able to purchase your structured settlement. Be sure to research their reputation and testimonials - what clients (past and current) say is invaluable.

2. Torre recommends not accepting the first offer to purchase your policy. Why? Browse multiple companies to make sure you're getting the most value for your settlement.

3. Evaluate your current financial standings, and then decide whether you need to sell all or part of your structured settlement.

4. If you can't understand the legal jargon, consult an attorney. Make sure you understand the documents and any tax ramifications that occur with liquidating your structured settlement.

5. Evaluate your financial obligations that will accrue in the future. Re-consider whether selling all or part of your structured settlement will be beneficial for you. Also, consider how accessing your assets will affect your income.

Bonus: Additionally, before you sell your structured settlement, be sure that the company you've chosen addresses all legal ramifications, Torre adds.

Structured Settlements - Overview of Annuity Payments and How They Work

Structured settlements are a financial arrangement oftentimes used when an individual is awarded a large sum of money. This might stem from monetary awards used to compensate a person who has been seriously injured or from lottery jackpot winnings. Structured settlements are oftentimes used in cases involving automobile or workplace injuries, medical malpractice and injuries sustained due to the negligence of another.

There are several types of structured settlements with each being designed to suit the individual's financial needs. Typically, they are offered when damages exceed $10,000. In the case of a minor child, damages must exceed $5,000. Annuity payments are paid to the recipient (Annuitant) over a specific period of time.

Depending on the circumstances and amount of monetary award, Annuitant's might receive payments over the course of 10 to 20 years or for their entire lifetime. Much depends on the type and duration of medical care required, as well as living expenses.

Structured settlements are also arranged to compensate individual's who win jackpot lotteries. For instance, if someone wins $5 million, they can elect to take a lump sum payment or receive the money over a period of years. By accepting a lump sum payment, they will receive a lesser amount than if they elect to accept a structured settlement.

Similar to Certificate of Deposits (CDs) sold by banks, structured settlements are backed by an annuity held by a life insurance company. Annuities are invested to expand the Annuitant's financial portfolio. When annuity payments are paid as a result of injury or negligence, they are tax free. When they are paid for lottery winnings, they might be subject to taxation of both state and federal levels. Additionally, investment proceeds are subject to both state and federal taxes.

When structured settlements are paid for a specific period of time, they are referred to as "Designated Period" or "Period Certain Annuities." The Annuitant receives a set amount of money at a specific time for a certain number of years. Should the Annuitant die before the structured settlement is paid in full, the balance will be paid to a designated beneficiary.

In cases where annuity payments are paid for life, they are referred to as Life Annuity structured settlements. It's important to note that "life" may actually refer to a certain number of years based on the Annuitant's life expectancy. Also known as "Period Certain", this type of structured settlement allows the Annuitant to name a beneficiary. If the recipient dies prior to the number of designated years, the beneficiary will receive the remaining payments.

Lump Sum structured settlements provide a lump sum payment at a future date. This type of arrangement is well-suited for minor children, as it can provide for future educational expenses. Two types of lump sum are available -- "Lump Sum" and "Life Contingent Lump Sum." The first allows transfer of the annuity to a designated beneficiary, while the second does not.

Life Annuities structured settlements pay monthly annuities for life. There are two types of life annuities -- "Life Only" and "Joint Survivor." The first offers no provision for assigning a beneficiary, while the second will pay the beneficiary for the remainder of their life.

Last, but least, is Temporary Life Annuity structured settlement which pays regular payments for a specific number of years. There is no beneficiary provision and the annuity ends when the recipient dies.

How To Sell A Structured Settlement

Have you received a legal settlement that is structured to be paid to you over a number of years? Do you want to cash out early and get one lump sum of money? Maybe you just want to sell part of your structured settlement. Either way you need to know how to sell a structured settlement correctly. Here are a few tips to help you out.

First, you need to understand that you will be looking for specialty finance groups. These are usually the ones that will be willing to purchase a legal settlement from you. They are usually groups of lawyers, doctors, and investors that are willing to pay a lump sum for a settlement that might extend over 20 or 30 years in time.

Next, you need to research the company you choose to get an offer from. Make sure they have testimonials from past clients and have a strong reputation. You can even ask your attorney if the company is reputable. Also check the better business bureau just to be sure. You don't want to be dealing with a shady company so make sure you do your research and check everything out.

Last, shop your offer around. Get offers from at least three different companies. This will give you a better chance of getting more value out of your settlement. You can also let the lesser offers know that they have been outbid to see if they will raise their offer.

If you need to know how to sell a structured settlement you can always consult an attorney, but these tips should help you quite a bit in your transaction. Make sure you find a good and reputable company, get an offer from multiple companies, and shop the offer around to get the most value for your settlement.

Credit Card Debt Settlement Agencies Exposed

Are you considering taking up the services of credit card debt settlement agencies? Read this article to find out the truth about them before taking up their offer.You will discover seven important facts that will get you to thinking right

Fact One:

Credit card debt settlement agencies are increasing in number and with the increase in services, there is still a sharp increase in credit card debts.Why is this so? Are these services really solving the debt settlement problem after all?

Fact Two:

They are generally known by promising to cut your credit card payments by half if you can order their services or they even promise to settle your debt for only a small portion of what you owe - without you ever filing bankruptcy. Is this really so?

Fact Three:

They lure their unsuspecting customers to stop paying their monthly minimum credit card payments to the credit card companies.Instead, they encourage them to pay that money to them so that they can leave it to accumulate in their account. When this happens, they promise to now use the accumulated amounts to settle the debts.

Fact Four:

The credit card settlement agencies almost do not tell their victims that 25% - 50% of the accumulated amounts will be sliced off as fees for their services.This is actually how they make their money.

Fact Five:

Most credit card debt settlement agencies normally make there customers to agree to the fact that any accumulated money with them is non refundable. What this means is that even when you decide not to continue with them later, you cannot get your money back.

Fact Six:

If and when the debt settlement agencies finally makes the necessary payment,an income tax usually must be paid on the amount of the debt forgiven. For instance, if you owe $100,000; and they accumulate $50,000 on your behalf, you must pay income tax on the $50,000 accumulated for you. Have you seen the catch?

Fact Seven:

You can definitely do anything the so called credit card debt settlement agencies are doing. You can settle your debts yourself. All it takes is taking some measures and considering many other options. They are available everywhere. Most of them will come from within you. We have covered major facts about credit card debt settlement agencies. The choice is yours whether you still want to go that route.If you do not want to go that route, why not find out more information about settling your debts from here.

Structured Settlement - Get Cash For Your Structured Settlement Now

If you have received a legal settlement, and you want to sell it, then you need to know what it takes to sell a structured settlement. There are many reasons why you might want to sell your settlement payments. Maybe you have college tuition to pay, medical bills, debt to pay off, or mortgage payments due. The main reason someone would sell their settlement is to have the flexibility of using it however they want and when they want.

Most consumers have no idea what kind of options they have when it comes to selling their settlement. What should you be asking for? Is the company you choose reliable? Is it possible to sell just part of your settlement? Here are 4 tips to help you with selling your settlement.

First, search for specialty finance companies. They are the ones that usually will purchase a structured settlement. You will want to view their testimonials and do some research to find out if they are reputable and worth doing business with.

Second, you should never accept the first offer that is given to you. You should browse many different companies to make sure you get the most out of your settlement. This will give you a better value for what you are selling.

Third, you need to take a look at your budget and decide whether it will benefit you more to sell all or just a portion of your settlement. Many companies will buy just a portion of your settlement and if you don't need it all right now, then this might be the right way for you to go.

Fourth, when it comes down to the contract you should consult an attorney to look things over. This will ensure that you are getting what you are after.

You will want to make sure the company you choose is very reputable and has a well known name. Structured settlement purchasing has become a larger business than in years past and you need to make sure that you get the deal you are looking for. If you have any doubts about the company that you are dealing with you should consult your attorney.

Three Things Everyone Should Know About Life Settlements

Life settlements have a variety of great benefits for many policyholders, however, the fine print and complicated rules can make the entire process a stressful experience. With some basic information and proficient, expert help, it does not have to be that way. To make the entire process a successful venture, there are three things that every policy-owner should know.

Life Settlements VS Viatical Settlements

Although these two terms seem identical at first glance, there is a significant difference between the two settlements. When the owner of a life insurance policy is extremely ill and decides to sell their policy, it is referred to as a viatical settlement. When this occurs, the death benefit from the policy is paid to the settlement company after the owner has passed away.

So long as there are no particular restrictions placed on them by the state, life settlements occur when the owner of the policy sells the policy for any other reasons beside an illness or the quick approach of death. Some choose to sell the policy rather than losing it by falling behind on payments while others use it as a source of cash for a variety of reasons including the desire to live a different lifestyle, gifts, or the acquisition of life goals.

Life Settlements Are Negotiable

The amount of money paid out for life settlements is completely negotiable and depends on the agreement that is made. Generally speaking, the health, age, amount of the benefit, and type of policy will determine the amount of payout that is offered. This is what makes shopping around a vital component to a successful settlement. Today, life settlement brokers will often take the work out of it by doing the shopping themselves; they will search through a list of funders to find the best offer. There will also be some form of fee or commission charged by the broker in exchange for his or her service. Regardless of the amount of the offer, there is never an obligation to accept it.

What Happens Afterwards

Once the transaction is complete, the ownership and beneficiary changes hands and the funder will be responsible to pay the premiums. Any possible taxation that may occur with a settlement payout is the responsibility of the original policy-owner. In general, however, the amount of the original investment is not taxed, but it is taxed up to the cash surrender value. Anything over that amount is often subject to capital gains tax. The settlement company may also contact the insured individual in the future to find out about his or her current health status.

In some states such as New York, there are no regulations set in place to monitor or control life settlements. In fact, agents do not require certification or training in some cases making the choice of a reliable institution extremely important. Understanding the process and choosing reliable and expert help is the best way to make the experience a smooth and easy transaction.

Please note that IFG Insurance is not offering legal or tax advice. Any discussion of taxes included in or related to this document is for general informational purposes only. Current tax law is subject to interpretation and legislative changes. You should consult with your legal and tax advisors.

Structured Settlement

Have you been offered a settlement in your court case and are unsure if you should accept it or not? Do you know all the facts about settlements? Do you know the answer to, What is a structured settlement? Here is the answer to that question and some advice on what to do if your case is being settled.

First, a structured settlement is a legal payment rendered to you in payments. Instead of getting one large sum of money you would receive a portion of the settlement each year in an annual payment or sometimes in a monthly payment. For example, if you settled for $500,000, then it might get spread across 20 years which would give you $25,000 each year. This can be beneficial or it can be very hard on someone.

If you have been injured and you have more than the first payment amount in medical bills already, then it can be very stressful to think that you have to wait for money that is rightfully yours. There are options though.

If you have received a structured settlement, but you need a lump sum to pay off some debts or medical bills, then you can sell all or part of your settlement for a portion of the amount you agreed upon. You can usually cash out for about 50% - 75% of the amount you are supposed to receive over a period of time.

Sometimes it is smart to cash out a portion of your settlement so that you can clear your debts or pay off your medical expenses. If you are unsure of how to sell your settlement you should discuss this with your attorney because they will be able to give you some great advice on how the process will work and what you should do. Also, they can point you in the right direction with your search for a company that will purchase your settlement.

Now you know the answer to, What is a structured settlement?, and you also have some good advice on how to cash out your settlement. Just make sure you do what is going to be best for you for now and the future and don't allow anybody to talk you into something that is not good for you.