Sudden changes in your financial needs and status can be challenging to manage. Nowadays, you can easily sell structured settlement for a quick cash out in your difficult time. You can sell the rights of structured settlement payments in exchange for a lump-sum payment from a company. Many companies, such as We Pay More Funding, will buy your structured settlements.
Options to Sell Your Structured Settlements
When you want to sell a structured settlement, you have three options. These options allow you to select the method and amount that you need.
- Sell My Annuity in its Entirety
Selling the complete value of your structured settlement liquidates the whole asset. It removes all the future income payments, but you will still have access to the entire amount you settled with the buyer.
- Sell Some of Your Structured Settlement in a Partial Sale
If you are not willing to sell a complete settlement, you can sell only a part of it. By doing this you will keep on getting the income payments and retain the tax benefits on the remaining payment of the structured settlement.
You can choose this option to sell a structured settlement when you need some quick cash, but you still want to keep a portion of the settlement.
For example, you can sell years one to four of your settlement to get an immediate cash amount. After four years, you will start getting periodic income payments
- Sell a Dollar Amount of My Annuity Payments for a Lump Sum
Similar to the option of selling a portion of a structured settlement, a lump-sum sale offers you to sell a part of your annuity payments in exchange for a lump sum. It means that you will receive a particular dollar amount taken from your future structured settlement payments.
