Archive for August, 2016

Do You Want a Lump Sum Payment or to Keep Your Annuity? Here Are 5 Tips to Help You Decide

Written by Family Budgeting on . Posted in Annuity, Buying an annuity with a lump sum, Pre settlement loan funding

Sell fixed annuity

Most people dream of winning the lottery or a big lawsuit. When you win a big lottery, like the Mega Millions jackpot, you get one large check and then yearly payments for 29 years. Each payment is more than the one that preceded it by about 5%. Every year, more than 37,000 Americans get money from structured settlements. Many people sell their structured settlement to get their cash sooner than later. Of the people who choose to sell, more than 90% are happy with that decision. Other people like the security of having a guaranteed income for years to come. Deciding between lump sum and annuity is a big and difficult decision. Here are some tips to help you make that decision.

There are pros and cons to selling an annuity settlement or selling lottery payments. There are also pros and cons to rece