Looking to make a life changing investment, but need funds from a ten year structured settlement to accomplish anything.
2007-09-10 10:40:46 · 4 answers · asked by dusmul78 4 in Business & Finance ➔ Insurance
Peachtree, JG Wentworth, etc. I have yet to see an example where taking an early lump-sum was prudent. You may want to talk with your accountant or financial planner about this, and have them review the investment too.
If you don't already have one, you should be able to get advice on this single issue for less than keeping them on retainer.
2007-09-11 06:56:51 · answer #1 · answered by aaron p 5 · 0⤊ 0⤋
There are companies that will purchase your structure settlement - if it allows. However, these companies pay pennies on the dollar so you will get now where near the actual value of the structure settlement. I don't recommend doing something like that. Other than that - you can't early on it. You collect on it per the terms of the structure.
2007-09-10 20:37:14 · answer #2 · answered by Boots 7 · 0⤊ 0⤋
If it is an insurance settlement you can perhaps persuade them to settle with you, of course they will take the time value of money into account so you won't get the total of the award, but the value of the aware today at an interest rate probably higher than you want them to use. There are some people in the market to buy these, search the internet and they will pop up but you will pay a reasonable interest rate.
2007-09-11 01:14:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sometimes you can't. You have to petition the insurance company. When you do get a lump sum, early payout, it's LESS than the structured settlement would have paid out.
2007-09-10 20:46:48 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
Hello everyone,
It is possible to sell structured settlements at various places but as others have said earlier, you never get the "full value" when you collect it earlier. If you still would like to look into this topic further online and collect some offers, I highly recommend this website: http://www.structuredsettlementsfaqs.com/
You can take a look and hopefully it will help you with getting the best deal to sell your settlement at present value. :)
Best regards
-Michael
2014-02-16 05:01:48 · answer #5 · answered by ? 2 · 1⤊ 0⤋