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Annuity Transfer - What are the Risks
Annuity Transfer - What are the Risks Many people who know in the back of their minds that they got the possibility to transform a monthly payment or annuity long term payments into a big lump sum and by that to relieve some temporarily financial...

Financial Security through Structured Settlements
Structured settlements have become a natural part of personal injury and worker's compensation claims in the United States, according to the National Structured Settlements Trade Association (NSSTA). In 2001, life insurance members of...

Structured Settlement: Deciding If This Is The Way To Go
Often, a structured settlement is one that offers the payment of funds owed in an agreed upon way. It works to allow individuals to receive payments of the money that is owed to them in such cases as a lottery winning or a personal injury lawsuit. ...

The Time Value of Money
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...

What Is Cash Flow?
Cash flow simply means the money that comes into and leaves a business or household. Money flows into a business in the form of revenues and out through the form of expenses. Money flows into a household in many forms. Are you receiving money from...

 
Annuity Transfer - What are the Risks

Annuity Transfer - What are the Risks

Many people who know in the back of their minds that they got the possibility to transform a monthly payment or annuity long term payments into a big lump sum and by that to relieve some temporarily financial problems, or need to buy a new car or a house or help their children and so forth are tempted to exercise this process into action. Although it is a very natural feeling and sometimes even a real life need or deep inner quest for power and control, it is not in their best financial interest to say the least.

It is no wonder that the U.S federal laws encourage long term payments in both cases like Structured settlements and lottery winnings. There are many good reasons for that and I'm going to spell them out as clear as I can.

- In some countries around the world it is legal to pay for lottery winning in one lump sum. Experience shows many of these people lose most or all of their money in a few years Time, due to the following reasons:

- Ordinary people who get into their possession a very large sum of money don't really know how to manage their treasure or how to invest it wisely, they are not prepared for it and they are overwhelmed with a delusion of over abundance of wealth, they become totally careless on how and on what they spend their money.

- Even if they invest their money, they go to high risk speculative investments as they try to get high yields. Instead of going for a much solid and safer, "widows & orphans" type of investment portfolio. Neither do they go for the golden middle way in between of a mixed portfolio. They don't use investments advisers or financial consultants.

- They become over generous with their family and friends, they buy their children homes, cars or any other materialistic requests, they "lend " money to a friend in need...

- They listen to shrewd business people who talk them into investing into all


kinds of business adventures that seems to them very profitable but in a short while turn into total failures and the money is gone.

- All kind of addictive behaviors like betting horse races or going to play the roulette in the casino are now intensified with the feeling of power and wealth, it might drive the person to gamble high sums of money as if there is no tomorrow.

- Believe it or not but criminal elements might engage in putting pressure to extort monies from the overnight rich poor guy. They might threaten to harm his family etc'

- Charity institutions start to call all day and night asking for donations to a very noble causes, they even send some slick reps to convince him to donate money.

- His own children, some times his spouse becomes very greedy and exert emotional pressure to give them more and more money. In some cases the sudden riches literally ruined the families.

As I have shown you above, getting a large lump sum of money might be a risky thing, this is In addition to the fact that you are loosing a lot of money which was Tax free, that alone might be a difference of anywhere between 35% - 65% , add to it the profits of the fund who bought the annuity from you and you are loosing big time. It is not recommended for an injured or a disabled person, to transform the whole Structured Settlement long term payments into one big lump sum or you might find yourself one day without the money and facing high medical expenses and other bills you cannot afford.
About the Author

About Me Name:Amit Laufer Age: 46 Location:New York, United States MBA - International Trade & Finance - Heriot-Watt University. Bsc. Computers and Information Systems - Long Island University - C.W Post Campus. Hobby: Photography. Married with two Children.

Editor: http://annuity-structured-settlements.blogspot.com/


 

National Structured Settlements Trade Association (NSSTA)
Provides structured settlements using periodic payments to resolve claims.
www.nssta.com
 
Structured Settlements
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EPS Structured Settlements Group: A Structured Settlements Company ...
EPS Settlements Group is located in Denver, Colorado and is a founder of the structured settlements industry.
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News. ... Skip Intro Always >>
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The Structured Settlement - What You Need To Know
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Settlement Capital Corporation - sell structured settlements,sell ...
Direct purchaser of structured settlements and other annuities.
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John Hancock Insurance and Financial Services :: Explore Our ...
A structured settlements annuity provides injury victims or the victim's ... John Hancock Structured Settlements and Attorney Fee Annuities are just two ...
www.johnhancock.com
 
Structured Settlements - Prudential Financial
Your company may become liable to pay a settlement as the result of a legal proceeding. A Structured Settlement Annuity provides ongoing periodic payments ...
www.prudential.com
 
Finance - Structured-Settlements Ezine Articles
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
ezinearticles.com
 
Understanding Structured Settlements: A Novice's Guide to the ...
Learn what a Structured Settlement is in plain English. Find Structured Settlements company, payments, broker, annuity and loan info.
www.noendpress.com
 
structured settlements, personal injury, annuity, disability, accident
Structured Settlements allow income to be spread over time, which is safer ... Structured settlements are often ideal under the following circumstances: ...
www.structuredsettlementhelp.com
 
Structured settlement - Wikipedia, the free encyclopedia
Structured settlements were first utilized in Canada and the United States ... Structured settlements are now part of the statutory tort law of several ...
en.wikipedia.org
 
Structured Settlement vs. Lump sum - What to do?
More and more claimants are choosing structured settlements. ... Most structured settlements come in the form of an annuity, which is sold by a third party, ...
injury.freeadvice.com
 
Welcome to The Halpern Group, experts in structured settlements ...
Offers structured settlements, consulting and negotiation services to attorneys representing injured clients.
www.halperngroup.com
 
Structured Settlements Leader J.G. Wentworth, JG Wentworth ...
Structured Settlements Leader JG Wentworth, JG Wentworth Settlement Funding - More than 25000 individuals have come to JG Wentworth to finance their dreams ...
www.jgwfunding.com
 
DOG BITE LAW - Structured Settlements
For those reasons, changes were made to the Internal Revenue Code that enable knowledgeable attorneys to create "structured settlements." ...
www.dogbitelaw.com
 
Structured Settlements Law Lawyers, Attorneys & Free Legal ...
I am confused by the number of internet sites that plug offers of structured settlements, sale of structured settlement annuities, and attorneys who offer ...
injury-law.freeadvice.com
 
 

 

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