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Structured Settlements Are Payments Made To An Injured Consumer By The Insurance Company From Where The Person Has Bought His Policy. In Other Words, The Person Is Prohibited From Receiving Payments In One Lump Sum. Welcome To SettlementInfo.net. As
You Explore This Site, You'll Discover...
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What Percentage Will I Get If I Sell My Settlement?
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Revealed: When To Sell Your Structured Settlement
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What Your Bank Won't Tell You About Periodic Payments
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Hot Topic: Viatical Settlement, What You Need To Know
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Everything You Must Know About Structured Settlements, Viatical Settlement, And Structured Settlement Payments.
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A Guide to the Buzzwords of Advanced Funding
Author: Nina Nocciolino
Chances are if you have business with an advanced funding firm,
you know exactly why you're there; you want cash today in
exchange for your future payments. But this does not necessarily
mean that you are familiar with or comfortable using the terms
the company you are interacting with is proficient in This is
the buzzword guide to advanced funding terminology to help
prepare your for your transaction.
An annuity is an insurance contract in which a person receives
fixed payments over a defined period of time, usually a
lifetime. An annuity allows people to build substantial funds
for retirement, and plan for future generations. You can also
receive an annuity in a legal settlement, often called a
structured settlement. As the annuitant, you are the person
entitled to receive the annuity payments. These payments are
generally deferred payments scheduled over a long period of
time.
Often, people feel locked in by their annuity, and realize they
need flexible options fast. This is where advanced funding comes
in. You can sell your annuity for a lump sum payment or cash
now. Funding companies like JG Wentworth specialize in purchasing
annuities and structured settlements. Funding companies will
step into your shoes, and accept your deferred settlement
payments in exchange for an immediate lump sum payment. This is
called liquidity, or the ability and speed with which a security
can be turned into cash you can use now.
This terminology is often difficult to understand if you don't
come from a financial background, but familiarizing yourself
with them is essential before making any economic decisions.
While everyone would love to know exactly how their finances
will pan out in the future, it is impossible to foresee
obstacles that will occur in the future. Educate yourself on the
numerous possibilities available before completing financial
transactions that will impact your future.
About the author:
Nina Nocciolino is a copywriter for DMi
Partners, an interactive marketing firm specializing in
higher education, real estate, retail and finance.
Article Keywords:
Structured Settlements |
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A Quick Note
From The Publisher...
If you like the article above, you may be
interested in the following article which is also related to Structured Settlements...
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The Time Value of Money |
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Life is about decisions, whether they relate to your work,
business or personal life. Often ignored is the interplay
between all these areas, and the fact that a little
interdisciplinary thinking can go a long way. This might sound
obtuse, but many important decisions can be made easier by
thinking simply, and a bit differently.
Before we do, a note about value, and 'utility'. Business is
about creating value. Our personal lives (according to
economists) are about maximizing our utility, where utility is
simply a measure of the happiness or satisfaction gained from a
good or service.
Think of it this way, and business is considered first. If
shareholders (either owners or investors) could create more
value themselves using other means, why bother running or
investing in a business? Assuming we don't all have a perpetual
income stream it comes back to this - if you don't create value
in today's economy, you'll be forced to do one of two things.
Change how you... |
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