Structured Settlements: Should you sell or not in this economy?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 17, 2009 -- History
1. Structured settlements were created in the mid-1970s after the Internal Revenue Code allowed defendants to purchase annuities in order to fund financial obligation. The annuities paid out over a period of time, paying the defendant's judgment. These structured payment plans were devised for "large catastrophic injury cases," according to RinglerAssociates.com, but now they are just as likely to be used for small-scale cases, with some even under $50,000.

Function

2. Winning a lawsuit or filing an insurance claim for a large sum of money does not mean that you will receive the payment in full at one time. Some companies and individuals prefer to set up a payment structure to meet current and future financial obligations. If you sue and then win a lawsuit, the defendant's insurance company purchases annuities from another insurance company, who in turn makes the payments to you.

Considerations
3. Most structured settlements include up-front payments for medical expenses, legal fees, and other costs related to the injury. The settlements can continue for a person's lifetime and even pay a portion to the person's estate at the time of death.

Warning

4. There are companies whose primary business is to purchase structured settlements. They offer to buy your settlement for a lump sum, allowing you to purchase a home or make some other large expenditure. These companies are in business to make a profit and you will be the one to lose money on the deal, not them. If you find yourself in this situation, carefully consider your options before signing over your payments. Make sure you get multiple quotes to ensure you get highest payout for your structured settlement.

There are literally thousands of companies such as Oasis Legal Finance, Bostonnote, Ramfunding that provide this service for you. However, just as Progressive Auto, we can provide you with multiple quotes to save you both time and energy.


If you have been awarded a structured settlement or annuity payments, and would like to get a free evaluation for a lump sum of cash today, please contact us TODAY:

OUI FUNDING COMPANY
919-913-5847

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