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SETTLEMENT RESOURCE GUIDE
It’s Your Money—Keep More of It
At this site you will find thousands of
resources we discovered by diligently searching the Internet
for
settlement related sites.
Many individuals who have settled an
insurance claim are receiving periodic payments in the form
a structured settlement. Structured settlements are payment
arrangements made between two parties, usually an individual
who has a compelling court case, and an insurance company.
The payments are often paid out in
regular periods, such as monthly, quarterly, or sometimes
annually. Life is about dealing with problems as they
arise. Money seems to be one of the ways that we resolve
those problems.
From time to time, there are
circumstances that arise for individuals receiving a
structured insurance settlement to consider selling, or a
buyout, of a portion of their payments for a lump sum of
cash. Certain situations such as college education
expenses, a down payment on a new house, a medical
emergency, a divorce or starting a new business are examples
of circumstances that make people have an immediate need for
cash.
A factoring company, one who pays you a
large lump sum in exchange for your periodic payments, may
seem like an answer to these sudden cash needs. However,
there is a big catch. Though the sum may sound big upfront,
it ends up being anywhere from 16 percent to 50 percent less
than the actual total of payments owed.
This practice has many lawyers and
insurance companies concerned that people are making quick
deals for quick cash without the benefit of a vital piece of
the decision—informed consent. Beware of factoring
companies, and always consult your attorney for the best
advice concerning settlements, lump sum monies, and possible
trust establishments.
By thoroughly scouring the Internet, we
have unearthed valuable sites, uncovered the most useful
information and have found the links we feel would be most
beneficial if you are
searching for settlement knowledge.
Please take a few minutes to visit our
site to explore all types of settlements from life insurance
to viaticals, from car and home insurance to worker’s
compensation. Learn where and how to find reliable,
competent, trustworthy attorneys, and sound, financially
stable settlement brokers. Act now to protect your
financial freedom. |