Forgoing a trial and opting to accept a structured settlement can save an individual a considerable amount of money that would otherwise be spent on court costs and lawyer fees. While that is certainly an advantage of a structured settlement there are drawbacks and perhaps the most obvious is the periodic payments that come with it.
The idea of receiving these structured settlement payments over an extended period of time may sound attractive but the reality is they don’t always improve an annuitant’s financial situation. Rather than settle for these periodic payments many annuitants opt to sell their settlements and receive a lump sum, giving them the opportunity to eliminate debt, purchase a vehicle, invest in business ventures, buy a home, or simply have cash for unexpected needs.
AnFed Bank, a division of BofI Federal Bank, a federally chartered, FDIC insured savings bank, is the only bank designed to serve the unique needs of structured settlement annuitants and as such can deliver annuitants the most generous deal.
Unlike other companies that buy structured settlements, companies that act as nothing more than brokers trying to buy low and then sell those settlements to financial institutions, AnFed Bank is the financial institution. Essentially AnFed Bank eliminates the middleman which allows them to offer annuitants more money.
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.
