If This Describes You, Dont Cash out Your Annuity

There are companies that purchase future payments. Personal injury settlements are often structured to pay out over time. As are a portion of lottery wins, paid via an annuity over a period of 20 or more years. There are companies, under the authority of state and federal regulations, that will accelerate future payments and pay out a lump sum of cash now.

But, it is not the best choice for everyone. If any of the below are true about you, avoid selling.

· No pressing financial need or opportunity

· Under the age of 18

· Annuity is sole source of income

· Live in North Carolina

· Monthly payments less than $100

· Lump sum payment more than 7 years away

· Significant amounts owed in child support or back taxes

While this list isn't comprehensive, it does cover many of the usual reasons cases are not accepted or approved. This court ordered process has strict state and federal guidelines. Numerous attorneys, yours, the insurance company's, and the cash out company are involved and the entire transaction must be approved by a judge.

And as always, seek legal and financial counsel before making any significant decisions. There are several established companies with reputable service history and there are many more companies with less than clear intentions. Rule of thumb, avoid any company that tells you what you want to hear. This transaction will be expensive and closing times vary wildly by state and transaction.

Jason Rigler
"Settlement Advocate" and consultant for Prosperity Partners Customer Service Department.

In The News:

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They sought ‘lead paint virgins’ and bought their settlements. It will be hard for those victims to get their money back.  Washington PostA Chevy Chase company that made millions of dollars from deals with victims of lead poisoning targeted an “entire generation of youth coming of age in ...
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A New President for the National Structured Settlements Trade Association  Legal Talk NetworkMichelle Caine talks about the advocacy for the financial security of injured people in legal settlements and raising awareness about the benefits of structured ...
Unpacking H.R. 2212: The New Structured Settlement Claimant Protection Bill  Legal ExaminerIf passed, H.R. 2212 would give claimants and plaintiffs a voice as they undergo the very important process of settlement planning in their case.
Using Structured Settlements  Palisades Hudson Financial GroupStructured settlements are designed to make sure someone who is injured receives compensation in a way that best assures their long-term quality of life.
Feds seek portion of Oklahoma's opioid settlement with Purdue Pharma  WoodwardNews.netOKLAHOMA CITY — The federal government wants a portion of Oklahoma's $270 million settlement with Purdue Pharma that stemmed from the state's ongoing ...
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History Lessons for Space  SlateOn July 10, Future Tense and the JustSpace Alliance will hold an event titled “How Will We Govern Ourselves in Space?” in Washington. For more information ...
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The Bank for International Settlements warns of a build-up of financial risks  Moneycontrol.comA prolonged period of ultra-low interest rates gives rise to many distortions and could set the stage for the next financial crisis.
J.G. Wentworth gets easier Aaa on next structured settlement ABS  Asset Securitization ReportJ.G. Wentworth first securitization of 2019 is backed by a similar mix of structured settlement and annuities receivables as its second deal of 2018, but the credit ...
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Qualified Settlement Funds, Who?  Legal ExaminerA qualified settlement fund (QSF) is an escrow account that offers benefits to the plaintiff, the defendant, AND the attorney.
How to Invest in Structured Settlements  NasdaqStructured settlements are usually associated with compensation to injured plaintiffs following a legal hearing. They are more than just a mere.
Ametros Publishes White Paper on the Combination of Structured Settlements & Professional Administration  Business WireAmetros' white paper discusses pairing professional administration services with structured settlements to protect injured parties' settlement funds.
Protecting structured settlements in DC  Washington PostThe Post recently revealed, using lead-poisoning cases in Baltimore as an example, that unsophisticated people with structured settlements are being victimized ...
Why Congress needs to reform structured settlements | TheHill  The HillPresident Trump's tax reform announcement is likely to jumpstart Congress' focus on reforming the federal tax code. Almost no industry is more vested in tax ...
The structured-settlement industry is behind greater transparency  Washington PostThe National Association of Settlement Purchasers supports proposed legislation in Maryland and Virginia that would supplement existing measures in order to ...
The Beginnings of Structured Settlements  ClaimsJournal.comCurrently an estimated $5 billion industry, structured settlements were once considered too risky because tax implications for insurers and claimants.
AIG accused of racketeering in structured settlement business  ReutersInsurance giant American International Group has been hit with a racketeering lawsuit accusing it of unlawfully charging successful personal injury and workers' ...
50 Most Powerful People - John Morgan  Orlando MagazineWhen John Morgan was a sophomore at the University of Florida in 1976, his younger brother, Tim, was paralyzed while making a rescue dive as a lifeguard at ...
Companies accused of misleading consumers about settlements will pay restitution, attorney general's office sa  Baltimore SunA company accused of using misleading tactics to get consumers to take cash in exchange for settlements that would have given them regular payments over ...
Marion schools settle fifth lawsuit over claims of sex abuse by student volunteer  The GazetteMARION — The fifth lawsuit against the Marion Independent School District and teacher Diane Graham — filed by parents of a kindergartner over claims of sex ...
Some structured settlements may offer significant advantages  CBS NewsStructured settlements don't seem to be a good deal for investors, but their non-securitized counterparts might be.
Bonding Requirement Added for Maryland Structured Settlement Companies  Insurance JournalA new bonding requirement for structured settlement factoring companies in Maryland took effect on October 1. The bonding requirement was introduced with.
Moody's assigns definitive ratings to J.G. Wentworth structured settlement securitization  Moodys.comNew York, March 08, 2019 -- Moody's Investors *Service* (Moody's) has assigned definitive ratings to two classes of notes issued by J.G. Wentworth XLIII LLC (the ...
Virginia's weak laws allow structured settlements for pennies on the dollar  Washington PostThe commonwealth allows unscrupulous deals for victims' structured-settlement payments.
4 Common Tax Questions on Structured Settlements  Accountingweb.comTax questions are plentiful especially at this time of year. But there are some questions that come up less often than others, especially for the standard ta.
Best Structured Settlement Companies for 2019  ConsumerAffairsWant to sell a structured settlement? Find the best structured settlement companies. Read customer reviews. Learn about purchasing prices, surrender charges ...
Rohingyas suffer due to non-stop rainfall  Dhaka TribuneThe suffering of hundreds of thousands of Rohingyas living in the settlement camps in Cox's Bazar continues due to non-stop rainfall for more than two weeks, ...
Antonucci: LA and Oakland teacher strike settlements are structured differently, but the results are the same  LA School ReportMike Antonucci's Union Report appears weekly at LA School Report. The Oakland teacher strike came to an end after seven days with another “historic” contract ...
Interest rates can't do it all: Bank for International Settlements  The Australian Financial ReviewThe Bank for International Settlements has warned that further cuts in interest rates can't solely be relied on to fix the global economic slowdown and that ...
Maryland attorney general urges structured settlement reforms  Baltimore SunMaryland's attorney general urged lawmakers on Thursday to give his office the ability to regulate deals offered by businesses that buy legal settlements at steep ...
Highly Leveraged Zombie Companies Threaten the Global Economy  ForbesGetty. Zombie companies could endanger financial stability as the global economic downturn is deeper than expected. The very detailed analysis and graphs, ...
SenecaOne Launches Newly Redesigned Website to Provide Annuitants with the Easiest Way to Get Financing  Markets InsiderBETHESDA, Md., Jan. 16, 2019 /PRNewswire-PRWeb/ -- SenecaOne, the only licensed lender in the country that caters specifically to structured settlement and ...
Pension Broker Settles with CFPB  The National Law ReviewCFPB has announced a settlement agreement with pension broker, Mr. Corbett, alleging for his alleged lump sum payment received for helping veterans set up ...
Comparing of Asta Funding Inc. (ASFI) and Hill International Inc. (NYSE:HIL)  Stocks BeatWe are contrasting Asta Funding Inc. (NASDAQ:ASFI) and Hill International Inc. (NYSE:HIL) on their dividends, analyst recommendations, profitability, risk,
Automatic Renewal Law Awaiting Mayor Approval in Washington DC  LexologyWashington D.C. is in the process of enacting the Structured Settlements and Automatic Renewal Protections Act of 2018 (the “Act”). In part, the…
Washington, DC, Adds Auto Renewal Law  Manatt, Phelps & Phillips, LLPD.C. joined the growing number of states regulating auto-renewal contracts when Mayor Muriel Bowser signed the new law into effect this month.
This structured settlement ABS comes with unusual risk: mortality  Asset Securitization ReportThe collateral for the $59.9 million transaction from DRB Capital includes life-contingent structured settlement receivables; when the beneficiary dies, the insurer ...
Reviewing Asta Funding Inc. (ASFI)'s and Euronet Worldwide Inc. (NASDAQ:EEFT)'s results  Stocks BeatBoth Asta Funding Inc. (NASDAQ:ASFI) and Euronet Worldwide Inc. (NASDAQ:EEFT) are Business Services companies, competing one another. We will ...
Structures to separate from Integrated Financial Settlements (IFS)  PR NewswireATLANTA, Nov. 2, 2018 /PRNewswire/ -- Structures is separating from Integrated Financial Settlements, Inc. (IFS) to move forward as an independent company.
Moody's assigns provisional ratings to J.G. Wentworth structured settlement securitization  Moodys.comNew York, February 20, 2019 -- Moody's Investors *Service* (Moody's) has assigned provisional ratings to two classes of notes to be issued by J.G. Wentworth ...
Benefits of Using Structured Settlements in Claims Negotiations  ClaimsJournal.comAt zero expense to the carrier, tax-free, and tailored to fit the needs of the claimant, structured settlements are a powerful tool claims personnel can.
Global Structured Cabling Market Insights Report 2019 – Nexans SA (France), ABB Ltd. (Switzerland), Furukawa Electric, Legrand (France)  Market News MagazineThe “Structured Cabling Market” report provides realistic and functional details of the Structured Cabling market, which assist you in promoting ideas with ...
How companies make millions off lead-poisoned, poor blacks  Washington PostBALTIMORE — The letter arrived in April, a mishmash of strange numbers and words. This at first did not alarm Rose. Most letters are that way for her ...
When a Qualified Settlement Fund is the Solution You Need  Legal ExaminerA qualified settlement fund (QSF) is a fund, account, or trust that holds settlement proceeds. A QSF is a settlement escrow that allows for proper settlement ...
Pension Company Adds Leading Structured Settlement Brokers, Builds West Coast Operations  GlobeNewswireKING OF PRUSSIA, Pa., June 3, 2015 (GLOBE NEWSWIRE) -- via PRWEB - The Pension Company (TPC) today announced that two structured settlement ...
Structured Settlements, Annuities & Special Needs Trusts  Legal ExaminerPersonal injury lawsuits involving minor or moderate injuries are often settled with lump sum payments, in which the entire settlement amount is simply paid to ...
Fasano Associates Hires Donald Brink as Chief Underwriter  Business WireDon Brink joins Fasano Associates as it's new Chief Underwriter.
Apollo 11 changed the world forever  Massive Science50 years ago today, millions watched grainy images of Neil Armstrong descend down the ladder of the lunar module. With a final push, Armstrong fell to the ...
Department Of Justice Increasingly Challenges Class Settlements - Litigation, Mediation & Arbitration - United States  Mondaq News AlertsIn the past year, federal officials have increasingly objected to proposed class settlements in federal court. United States Litigation, Mediation & Arbitration Jones ...
Consider the alternative  InvestmentNewsWhy alternative investments have a place in your clients' portfolios.
Congress' duty to investigate structured settlement fraud  The HillCongress' good intention with these structured settlements has devolved into a system of deception and financial swindling.
Opioid Justice Team: Fighting for Children in the Opioid Epidemic  Legal Talk NetworkAttorney Celeste Brustowicz, a member of Opioid Justice Team, talks about the legal work underway among a group of highly skilled attorneys, doctors and civil ...
Alternative dispute resolution in insolvency and restructuring proceedings  International Law OfficeSingapore is positioning itself as a hub for insolvency and restructuring. Imminent changes to Singapore's mediation landscape suggest that mediation will soon ...
Asta Funding Inc (NASDAQ:ASFI) Quarterly Sentiment Change Report  Invest TribuneAsta Funding Inc (NASDAQ:ASFI) institutional sentiment increased to 1 in 2019 Q1. Its up 0.43, from 0.57 in 2018Q4. The ratio is positive, as 4 investment ...
What Purdue Pharma’s settlement with Oklahoma means for the opioid crisis  PBS NewsHourDrug giant Purdue Pharmaceuticals has agreed to pay $270 million to settle a lawsuit with the state of Oklahoma, which sued the opioid manufacturer, among ...
ARCHER Systems, LLC Acquires Providio MediSolutions, LLC  PRNewswireHOUSTON, March 21, 2019 /PRNewswire/ -- ARCHER Systems, LLC ("ARCHER") announced today that is has acquired Providio MediSolutions, LLC ...
Independent Insurance Group Announces Launch  PR NewswireDALLAS, April 30, 2018 /PRNewswire/ -- Company officials today announced the launch of the Independent family of companies including subsidiary affiliates ...
Would you trust an artificially intelligent doctor?  Massive ScienceAI is reading CT scans to more efficiently detect bone fractures in osteoporosis patients.
Undisclosed, lavish trips are creeping into the injury settlement business  Yahoo FinancePacific Life has been offering brokers structured settlement industry trips, which are not disclosed to clients. This is a potential conflict of interest.
Law Firm Firm Accused of Faking Structured Settlement Approvals  Insurance JournalStone Street Capital LLC sued a Manhattan law firm it retained to seek court approvals for structured settlements, claiming the firm gave them 76 fake.
Landmark Legislation Creates New Wildfire Fund and Overhauls California's Approach to Catastrophic Wildfires  LexologyOn July 12, 2019, Governor Newsom signed Assembly Bill (“AB”) 1054, which introduces major changes to the way California addresses wildfires in an ...
Lawsuit Alleges MetLife Mistake Helped a Woman Keep Settlement Money From Her Daughter  Wall Street JournalA lawsuit related to medical malpractice is the latest example of an unexpected problem popping up at MetLife from decades-old business.

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