Do you have your eye on buying a luxury car or a new home? Maybe you’re looking to get out of debt or pay off any existing medical bills. Or maybe you want to travel the world or start your own business. Whatever the reason, did you know you can get cash for structured settlement payments? Cash that you can use for anything you want.
There are many benefits to selling and getting cash for structured settlement payments. For example, payouts and annuity on things like life insurance can result in you receiving payments for anywhere between 10 and 20 years. You can even manage it so that you and your signifcant other receive payments for the rest of your lives! What’s more, if you opt for selling an immediate annuity, payments can start in as little as 30 days!
If you happen to win the lottery, like Mega Millions, you can also set it up so that you receive payments for the rest of your life. In fact, after an initial payment of over $750,000, subsequent payments would grow to nearly $3.1 million!
Despite the fact that annuity payments are taxable, it’s still beneficial to sell and get cash for your structured settlements because it will allow you the financial freedom to do what you want and live the lifestyle you have been dreaming about. So if you’re ready to retire and cash out your life insurance policy, or if you’ve won the mega millions or something similar, consider cashing in your settlement. That luxury car or trip to Paris won’t wait.