News / Finance
Future Structured Settlement Payments may Heal Current Financial Ailments
Structured settlements are fixed payments granted to people involved, most often, in personal injury claims. The settlements grant that person, or annuitant, fixed payments at scheduled intervals over a fixed period of time. However, structured settlements are isolated to that individual case.
When situations arise that require additional finances, such as the accumulation of debt, annuitants can sell structured settlement payments for the cash they need now. Another common cause for people to sell their payments is to pay for education expenses. With the economy in a downturn, people are finding now to be the best time to invest in themselves.
Of course, this implies that you have the freedom to sell the structured settlement in the first place. One thing that many annuitants do not understand is that, even if their annuity policy contains anti-sale or anti-assignment language, they have full ability to cash out structured settlement payments. A surefire way to tell if your structured settlement can be sold is to call AnFed Bank at (855) 263 3348 .
