Having agreed to a structured settlement many annuitants realize that while they may have saved money in lawyer fees and court costs, the periodic payments that they receive fall short of making a significant impact in their life. For this reason many annuitants opt to sell structured settlements and take a lump sum with the idea that they will then be able to use the larger source of money to accomplish their financial goals.
That sounds reasonable enough but what many annuitants find is that the majority of companies that buy structured settlements don’t offer a lump sum payment that reflects the real value of the periodic payments. These companies are nothing more than brokers trying to make a profit by purchasing settlements at a low cost and then selling them to financial institutions for a gain.
AnFed Bank provides an alternative to this scenario and as a division of BofI Federal Bank, a federally chartered, publically traded and FDIC insured bank, they are the only bank designed to serve the unique needs of structured settlement annuitants. As a financial institution AnFed Bank instantly eliminates the need of an annuitant to use these companies that act as brokers and by doing this an annuitant can receive a more generous lump sum for their periodic payments.
Receiving more for your structured settlement can obviously lead to greater possibilities in realizing financial goals, goals that may include eliminating debt, buying a home, purchasing a car, investing in business ventures, paying educational expenses, or simply having cash on hand to meet unexpected needs.
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.
