This Company Will Pay You To Not Sell Your Annuity

Those who end up with an annuity as the result of having to suffer through a personal injury or wrongful death in their family will have periodic payments due to them in the future. This comes as a result of settling their case and being awarded compensation for their damages that were suffered.

If you’ve turned on the television anytime in the last decade you may have noticed that there’s no shortage of companies trying to help you transfer your payments working as a broker on your behalf. The problem is these brokers are going to give you a haircut and not the kind you get at a barber shop.

So to stop this there’s the anti-structrued settlement company a sort of alert this company is putting out telling consumers not to sell and if they need cash now they can consult with them instead of cashing out their annuity payments.

So what is a structured Settlement?

When a plaintiff in a personal injury case settles a case they will receive payments via an insurance company, this entitled compensation is used to help pay for expenses and future life events. Compensation may be settled in a few different ways, two common settled structures are a one-off lump sum payment, think $500,000 to be paid out in October of 2025 or a structured settlement arrangement that provides monthly payments of $5,000 for the next xx amount of years. This is more common as I’ve come to understand speaking with different industry experts. Whereas the former method is straightforward, it is not the case with the latter.

The Anti-Structured settlement company 500 Cash Out is asking potential sellers to not sell and to hold onto their annuities. The periodical payments that a financial planner most likely helped to set up are there to be reliable and to help the receiver be in a good financial position for a long time and does not have to suffer penury soon after receiving the payment. In instances where the plaintiff can no longer engage in meaningful work, the payment becomes a lifeline for sustaining their livelihood for the annuitant and their families

Too many people have wasted a good fortune due to receiving vast sums of money they never expected to come their way without having the financial diligence on how to spend the funds. This is the case, especially with one-off lump sum pay outs that you read about in the newspaper. This leads to many people reverting to a life of abject deprivation. With an anti-structured settlement company you don’t have the salesmen pushing dreams but instead are pushing reality asking you not to sell and offering you money to not enter into a transaction.

The reliable payment stream that you have is one that is your lifeline to lead a better life. The periodical payments enable one to save, invest, and support their livelihood regardless of whether they misappropriated funds in the past.

For all their claims to fame, structured settlement payments are also disadvantageous to a great extent. Here are some of the notable drawbacks of structured settlement payments.

Insolvency of the paying company - It may all seem rosy until the paying company goes bust, leaving thousands of victims desolate and gasping for a lifeline. In uncertain economic times, the paying company may face severe hardships leading to investor flight, plunged confidence levels, and bankruptcy. For the victims who had placed their hopes of lifetime payment, the consequences are unimaginable. This is precisely what has happened twice with companies like JG Wentworth, which has experienced bankruptcy twice since 2009. As an alternative to JG Wentworth 500Cashout.com offers money for not selling and has said that they will help you cancel a transaction if you do not feel comfortable moving forward with the transaction. They even offer a catchy 855 7 500 NOW phone number.

Inflexibility - Perhaps the greatest undoing of structured settlement payments is the rigidity of interest rates and terms of payment. The terms of annuity payment are difficult to alter once they are established but some do have a cost of living increase to keep up with inflation. If you don’t have a COLA than the periodical payment to the victims may not factor in shifting economic situations like inflations and prevailing interest rates. This highly disadvantages the already downtrodden victims.

Selling your Settlement Payments

Many times, you will be bombarded by sleek but cheeky adverts asking you to sell your settled payments. Is it always a good idea to sell your settlement payments? We reckon it's not always a good idea, especially when there are other options to stay afloat. Companies like 500cashout.com, the anti-structured settlement company, are giving away $500 to annuitants to enable them to meet immediate needs and requirements, as well as plug income holes.

Now that sounds like a much better idea than giving up your reliable future payments.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes