There are companies on the lookout for any opportunity to purchase settlement annuities. Structured settlements are awarded as means to compensate plaintiffs for the injuries and obligations by a defendant. For most people, this type of arrangement is enough for them to have a dependable means of support for financial needs, including medical costs resulting from the incident.
But since the structured settlement is designed in such a way that the recipient gets a fixed dollar amount, whether it is monthly or yearly, there are some immediate financial needs that the structured settlements will not address. This is the reason why brokers and structured settlement companies show interest in investing in purchasing structured settlement annuities. Because of the demand, many brokers are profiting when you cash in annuity payments.
When a plaintiff finds a purchaser to buy their settlements, they will not receive the original amount of their total settlement. This is how brokers who purchase settlement annuity payments make their profit–they give a lump sum that is short of the exact amount of the entire settlement. This is not an issue for those who really have to take care of the medical bills, large debts, and other immediate need for a larger amount of money. The lump sum always presents itself as the most favorable option for those who need the cash right away because of the hassles of having to wait for the whole amount be paid through the structured settlement.
It is important to take precautions in choosing the right kind of company or broker to purchase your structured settlement annuity. Because of the demand, some brokers charge high prices thinking that most sellers will be desperate and give up their structured settlements at any cost.
Customers can always depend on RSL Funding to purchase their structured settlements at the lowest cost. Our reputation and simple process is why we have continued to grow year after year. So leave it to us to purchase your settlement annuities. Contact us to get started.
