Would you rather receive more money or less money for something you own? The answer is easy, you would always prefer to get more..
But there are exceptions to most rules – including this one. Life changes or pressing financial needs may cause people to sell all or part of their right to receive payments from a structured settlement for less money than the future payments add up to (more…)
When you approach structured settlement companies about selling your settlement, your annuity payments or other type of payments, you will encounter some new terms. These phrases may sound like a foreign language to you, which is not surprising since many legal and financial terms have their roots in Latin and medieval French.
Don’t worry: the professionals at CBC Settlement Funding will take every opportunity to clarify these terms for you and make certain you understand everything about the process of (more…)
Here is a fact: very few people have any idea of how best to handle sudden, large sums of money.
We’ve all have heard stories of how some lottery winners find that instead of their dreams coming true after they cash in a winning ticket, they instead wind up broke and in debt because they didn’t know how to deal with their new-found wealth.
That doesn’t have to happen to you. If you do come into a windfall of cash, you might consider setting up a structured settlement or an annuity. One of the advantages (more…)
The basic definition of an annuity describes a financial instrument or arrangement that provides regular, periodic payments. In the U.S., an annuity contract is often used to create a guaranteed income stream over a fixed period of time. Annuity payments may be made until a certain date or they may extend until the death of the person named in the contract.
Annuity contracts are defined by federal law in the tax code but are regulated at the state level. In most cases, annuities are issued by insurance companies, either as (more…)
You’ve made up your mind to sell some or all of the payments from your structured settlement. Maybe you need the cash to help cover a home purchase or to pay off medical bills. Or perhaps there’s an investment opportunity you wish to pursue. Whatever the reason – you need money now.
Before you sign on the dotted line, you should understand that by selling structured settlement payments for a lump sum payout, you will receive less than the total amount (more…)