What many people think when they opt for a structured settlement is that the periodic payments they receive from the arrangement will settle their financial concerns. Unfortunately, the way it often plays out is these periodic payments simply aren’t enough to ever make a significant impact in the way an annuitant lives.
With more money you have more options and because of this many structured settlement annuitants opt to sell their structured settlements and receive a lump sum payment. By doing this the annuitant has access to a bigger pool of money with which they can then eliminate debt, buy a home, purchase a vehicle, invest in business ventures, etc.
When selling structured settlements it is vitally important that an annuitant select the right buyer because not all companies offer the same amount. In fact most companies are nothing more than a broker trying to buy structured settlements at a low cost and then sell them to a financial institution for a profit. At AnFed Bank, a division of BofI Federal Bank, a federally chartered, publically traded and FDIC insured bank, this problem is eliminated.
AnFed Bank is the only bank designed to serve the unique needs of structured settlement annuitants and as such they offer the most generous lump sum payments when buying an annuitant’s structured settlement. If you have a structured settlement and you are looking to sell all or part of your future payments request a free consultation with AnFed Bank and find out how you can get what your payments are really worth.
