Rather than continue receiving periodic payments many annuitants opt to sell structured settlements and take a lump sum, a decision that immediately provides them with a larger source of money that can be used for a variety of obligations or to achieve a number of goals. While this decision may appear like the way to go for an annuitant there are important steps that must be taken to ensure they receive the most money for their structured settlement.
The most important thing an annuitant can do is find the right company to sell their structured settlement to, a task that sounds easy but often times can be confusing. Most companies that buy structured settlements are essentially brokers, positioning themselves between an annuitant and a financial institution with their chief objective being to buy low and sell high.
Annuitants selling structured settlements should avoid these companies at all cost, opting instead for a company like AnFed Bank, the only bank specifically designed to serve the unique needs of structured settlement annuitants and lottery winners. Because AnFed Bank is the financial institution an annuitant will receive the most generous lump sum offer for their structured settlement and AnFed bank is willing to purchase as much of your future structured settlement payment stream as you want to sell.
