Starting a business is the dream of many Americans; an opportunity to have something that is our own and through which we can create something that will bring us happiness and help support our families to boot. But as anyone in this position knows, starting a business requires significant financial resources; often large loans are required to get the business up and running; and much time ordinarily passes before the business is able to turn a profit.

In order to procure the money that they need, many would-be entrepreneurs may choose to sell annuity payments from a structured settlement they have received. A structured settlement is an arrangement made following a court case involving a personal injury or wrongful death suit; the settlement itself is one that is paid out in payments rather than all at once. So instead of receiving a lump sum settlement amount in one check, those receiving a structured settlement are sent scheduled payments through an annuity that the defendant in the case has funded. While these payments may work well for many recipients for quite a while, they may require a more significant sum – especially in the case of attempting to set up their own business. Subsequently, they may choose to sell structured settlements to a purchasing company.

In this scenario, the payment recipient will essentially sell annuity payments to a buyer; they do not have to sell all of their payments – just as many as they need to sell in order to procure the type of funding that they need to start their business. Once the transaction is complete, the seller receives cash for structured settlement payments so that they don’t have to wait to have cash on hand for business costs. Conversely, the buyer of structured settlement annuity payments receives the pre-determined future payments that were sold in the transaction.

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In the event that one is involved in an injury case that goes to court – or a wrongful death case for that matter – the case may result in the assignment of a certain amount of money to the claimant. However, while it was once standard for the claimant to receive the entirety of their money at once, today it is much more common for the claimant to receive – or choose to receive – a structured settlement. With a structured settlement the recipient receives their money through payments rather than all at once – through an annuity that has been purchased for this purpose. Initially claimants may choose this method of payment because it helps them to budget the money they are to receive, and also because when all is said and done they will ultimately receive more money through payments than they would with a lump sum amount.

However, as circumstances change, the recipient of the annuity payments may find that they are in need of a lump sum of money for a particular purpose – having found themselves out of work, the accumulation of medical bills, significant debt, college expenses, and so forth. Under these circumstances the recipient may choose to sell annuity payments to a reputable buyer in order to have the cash they need to meet their obligations.

A buyer of structured settlement annuity payments – a purchasing company that specializes in this kind of transaction – will turn over a lump sum cash payment to a seller in return for the right to receive annuity payments.

To sell annuity payments, however, does not necessarily require the sale of all of the payments. Sellers can offer for sale just a portion of their future payments – enough to cover their immediate financial needs.

Cash for structured settlement payments can be arranged in a number of ways to serve several purposes, but it does not have to be an all or nothing proposition.

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Being out of work is never an easy thing – even under the best of circumstances. But when conditions are unstable because of a faltering financial situation, the loss of a paycheck can certainly prove disastrous. For those who are holding particular investments – that if sold could mean cash in hand – the consideration of just such a sale may be in order. Structured settlements, while not an investment, do offer another avenue through which owners can procure cash in their time of crisis, and they may look for a buyer of structured settlement annuity payments to help them make ends meet.

Structured settlements refer to legal arrangements through which the recipient of an out of court settlement is given their money through periodic payments rather than in one lump sum. Structured settlements are more common in the court system and were designed to make it more manageable for both parties to deal with a large sum of money. Rather than handing the recipient a check, the money is put into an annuity (either all at once or through payments made by the responsible party). The recipient then receives equal, scheduled payments until the annuity is satisfied. Getting cash for structured settlement payments, however, is an avenue that some structured settlement recipients seek when they find they are in need of a large chunk of money – as in the case of a lost job.

A buyer of structured settlement annuity payments will simply purchase all or part of upcoming payments from the recipient in exchange for cash in hand. Those who sell structured settlements are able to have the cash they need to meet household expenses in their time of crisis, and the buyer of structured settlement annuity payments then becomes the recipient of all or part of upcoming payments; an arrangement that works well for both parties.

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For those who have been involved in a personal injury case, there are several outcomes than can result. While it is very common for such a case to go to court, it is just as common for it to be settled out of court – a decision reached by the attorneys for both sides. A settlement hedges the bet for both parties – giving the claimant the cash they need for their ongoing medical care, and allowing the defending party to settle on a number that may be far less than the amount that the plaintiff may be awarded in court.

A structured settlement is an alternative payment to a lump sum award. Rather than receiving all of the settlement money at once, the claimant receives their money through scheduled payments.

When a structured settlement arrangement is made, a third party annuity is created specifically for the settlement money. The money is either deposited in one lump sum from the responsible party or they make payments themselves in order to fund the annuity. The annuity is ultimately what makes the payments to the structured settlement recipient.

While a structured settlement may serve its purpose for some time, allowing the recipient to meet their ongoing medical needs or cover loss of wages if they are unable to return to work, there may come a time when the arrangement is no longer appropriate. At that time, the recipient may choose to do what many people in their circumstances have done – sell structured settlements.

When recipients sell structured settlements, they essentially sell annuity payments. Rather than continuing to receive periodic payments, the recipient relinquishes ownership of future annuity payments in exchange for a lump sum of cash with which they can pay off outstanding debt, finance the purchase of a home, pay for an education, and the like. The buyer of structured settlement annuity payments then continues to receive the payments in place of the original recipient.

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Structured settlements refer to those payment arrangements made in the court system. While a case where financial restitution is awarded may often been seen in court, sometimes the decision is reached prior to going in front of a judge and jury; this is referred to as a settlement and it is reached between the attorneys for the two parties. When a settlement is determined it is meant to avoid the court process for both sides; the claimant avoids the trauma and time associated with fighting for the financial restitution they feel they deserve; the defendant is able to avoid the possible financial ramifications of having the case go to court.

But when a settlement is made it is often in the form of a structured settlement; rather than the claimant being given a lump sum of cash they are given their money through structured payments – paid out by a third party annuity that is set up for this exact purpose. But if and when a structured settlement recipient wishes to have a lump sum payment rather than continue to receive the structured settlement payments they may choose to sell annuity payments – either entirely or partially.

A buyer of structured settlement annuity payments accepts responsibility for receiving all or part of all future payments and the current recipient receives a lump sum of cash in return.

People sell structured settlements for a number of reasons but the commonality is that they need or desire a lump sum of money. This may be necessary or desired for the purchase of a home, the addressing of significant debt, or even the funding of a higher education.

In order to sell annuity payments it may be necessary to receive permission from the court system. But with permission granted a recipient can receive cash for structured settlements in a very short period of time.

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Those who receive structured settlement payments do so in accordance with the guidelines set forth by the court system. We may be quite familiar with the term “settled out of court” – which refers to the settlement of a court case prior to it being heard by a judge and jury. A settlement is generally determined by counsel for both the claimant and the defendant – with terms that are agreeable to both and the inclusive of a financial restitution to which both can agree. In years’ past the claimant in such a situation may have received the entirety of their settlement money at once. But today, it is quite common for the claimant to be paid through a structured settlement.

A structured settlement ensures that the claimant gets all of the money awarded to them but they receive it through scheduled payments funded by an annuity set up for this purpose. Structured settlements were created to take the burden off of both parties; the claimant’s financial needs are met through periodic payments and the defendant is relieved of having to come up with a large sum of money at once; instead, they can fund the annuity through payments. There are, however, companies that will buy all or part of future annuity payments from current recipients who wish to trade their payments for a lump sum of money.

Should the structured settlement recipient need or desire the entirety of their money – or a larger sum of money than they receive through their payments – they can sell annuity payments in exchange for that money. Buyers offer cash for structured settlement payments and can often complete a transaction within 30 days.

Those who choose to sell annuity payments can either sell the entirety of their future payments or partial future payments in terms of percentage of all future payments or number of future payments sold.

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Does it seem your annuity or structured settlement payments are trickling in over a long period of time? Would you prefer a large sum of cash today? Colonial can buy structured settlement payments - providing cash now in exchange for all or part of your future monthly or lump sum payments.

The structure of your annuity payments may have met your needs initially; however, circumstances change and many people would prefer cash today. A new home, family obligations, business opportunities, and unexpected financial or medical emergencies are just a few of the reasons people consider selling all or part of their payments.

Find out your available options today by consulting with one our experienced professionals. We’ve been helping people like yourself for over fifteen years. Contact us to receive a free, no obligation quote, plus refer to our Frequently Asked Questions for informative tips on how to sell your periodic payments.

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