A structured settlement annuitant’s decision to forgo periodic payments and sell structured settlement payments can be made for a variety of reasons ranging from a desire to eliminate debt, pay off educational costs, purchase a home, or even invest in business ventures. While the decision to sell structured settlements may be easy finding the right company to sell those payments to can be a bit more problematic.
There are a number of companies that buy structured settlements and what they offer in terms of a lump sum payment can vary. More often than not these companies are doing nothing more than positioning themselves between the annuitant and a financial institution, acting as a broker who wants to buy low and then sell high. What this means for the annuitant is less money for their structured settlements.
Unlike the majority of companies that buy structured settlements AnFed Bank, the only bank specifically designed to serve the unique needs of structured settlement annuitants and lottery winners, is the financial institution. As the financial institution AnFed Bank can offer annuitants more money for their structured settlement payments.
At the end of the day this is what the annuitant wants, the best offer for their future structured settlement payments. By avoiding a broker and selling structured settlements through AnFed Bank an annuitant will receive the real value for their payments, something that makes a tremendous difference in the lump sum amount being offered.
