Do you have a structured settlement? Due to a change in circumstance, or other need you may want to sell your structured settlement.

Here are three reasons you might have to sell your settlement:

1. Change in Financial Circumstances or Need
Although structured settlements are designed to meet recipients' needs at the time of their creation, those needs frequently change over time. Structured settlement agreements fall out of step because they are "set in concrete." That is, the payment plan is usually, fixed and inflexible and not subject to renegotiation. By selling all or a portion of his or her payments the recipient can in effect alter the payment plan. This form of alteration simply recognizes that what is best for the recipient cannot be determined once for all time. Ultimately, the recipient herself or himself must decide whether the scheduled payments continue to meet her or his best interests.

2. Avoidance of Debt Creation
One way to raise needed funds is borrowing. Borrowing, however, creates a debt for principle and interest. In fact, interest expense can double the cost of repaying a long-term loan. Furthermore banks and finance companies have strict lending policies and borrowers must satisfy their credit requirements. On the other hand, a full or partial assignment of structured settlement rights does not create indebtedness. The annuitant receives the money he or she needs now without strings. Since the money being paid is not a loan, the annuitant-assignee has no debt and no payments to make. And because the investor is relying on the annuity company's financial strength, it doesn't matter whether the annuitant's credit is good or bad.

3. Restructure Finances
The sale of a structured settlement can be a vehicle for restructuring an annuitant's finances. The entire settlement does not have to be sold. A program can be creatively designed to provide the annuitant with a needed amount of cash while retaining a some future payments or even a portion of current payments.

To learn more about how to sell periodic payments from structured insurance settlements contact us anytime for a free no-risk consultation toll-free at (877) 836-4661 or email us if you have any questions.