Opting to sell your future structured settlements and take a lump sum payment can make a lot of sense for a variety of reasons. With a larger source of money at one time a structured settlement annuitant is provided with more opportunities, enabling them to meet any number of financial goals they may have in mind.
For some annuitants taking a lump sum payment for their future structured settlements is the perfect chance to eliminate debt or pay educational expenses. For other annuitants this lump sum may be used to buy a house, purchase a home or invest in business ventures. Opting to take a lump sum payment is also a great way to ensure you have enough money for any unexpected expenses.
While there are a number of reasons to consider taking a lump sum payment for future structured settlements that doesn’t mean the decision should be taken lightly. Not all buyers offer the same lump sum payments and it is imperative that you find the right buyer or you could be leaving a lot of money on the table.
AnFed Bank, the only bank specifically designed to serve the unique needs of structured settlement annuitants and lottery winners, specializes in these transactions and because they are a division of BofI Federal Bank, a federally chartered, publically traded and FDIC insured bank, annuitants know they are dealing directly with a financial institution.
This is an important distinction from many other companies who simply act as a broker, positioning themselves between an annuitant and a financial institution. By eliminating that broker and dealing directly with the AnFed Bank an annuitant can rest assured they will be offered the most generous lump sum payment possible.
To learn more about how AnFed Bank can provide you with the true worth of your structured settlement payments request a free consultation and explore your options.
