Structured Settlement Annuity Companies

If you’ve been in an accident, won or settled a lawsuit, or received a payout from a lottery, you may receive a structured settlement annuity. What this means is that you receive your settlement in monthly payments rather than a single lump sum. A structured annuity can last for a set period of time, 30 years for example, or until the death of the beneficiary.

If you need to pay off debts, have medical bills, or are facing a significant expense, you may want your cash up front. There are many services that buy structured annuities in exchange for a single cash payout. In fact, you may have seen a commercial or even been contacted by one of these companies since they market their services aggressively. Many brokers will offer different types of structured settlement loans as well. In these situations, you can borrow cash against your structured settlement, just like you can with a loans against any other type asset.

You can sell the entirety of your structured settlement or a portion of it. Many factors affect the amount you’ll ultimately receive, including the total amount of the settlement you’re selling, the number of payments you’re selling and how often these payments are made.

The process for selling a structured settlement is lengthy and needs to be approved by a court. Usually it takes between two to three months to complete a sale.

If you are wary of giving up the income from your structured annuity but need to pay off debt or have an unexpected expense, read our articles about loans and debt.

Best Structured Settlement Company for Lottery Winnings

If you’ve won a lottery and are receiving the payout in monthly installments, you may be able to sell it for a single payout. Woodbridge Structured Funding is a structured settlement company that purchases lottery rewards. However, the state you won the lottery in can determine whether you are eligible to sell a lottery payment. One factor in this company’s favor: Woodbridge offers to match the rate offered by other structured settlement companies to purchase your lottery annuity.

Woodbridge Structured Funding

Woodbridge Structured Funding

Woodbridge Structured Funding is an investment agency that purchases structured annuities in the form of structured settlements, lottery or casino winnings, or inherited or purchased annuities. It can buy all or part of your annuity. Alternately, you can sell a percentage of each payment. This lets you continue to receive monthly income from your annuity, just less each month in exchange for a lump sum up front.