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Mr. Lane, a business associate and fr end of my in-laws retired this y ar. In addition to Social Security, he b gan collecting monthly payments on two d fferent annuities he started many years go. And though the income from th se annuities is enough to allow him to c ntinue his lifestyle, he doesn’t seem to be v ry happy. I overheard a conversation th s man had with several people at a f mily gathering. He was saying that he th ught retirement would be more exciting. Mr. L ne has been a widower for m re than 10 years and wants m re from life than the same r utine he has had for the l st 40 years. He said he w nted to see the world, really see the w rld. He was talking about non-stop tr veling for the next year or m re. He also spoke of buying a v cation home in the tropics. He s cretly told my father in law th t he didn’t have the funds to do th se things. But he may be m staken. The annuities he holds are v luable assets. He receives monthly payments fr m the annuities for a pre-set n mber of years. If he dies b fore the term is over, the p yments may be received by his h irs. The monthly income from both nnuities is significant but it seems th s man would rather have cash to h ve some fun in his retirement. Is th re a way to achieve this? Y s.
There are both companies and nvestors willing to pay cash up fr nt in exchange for receiving payments on pr vate real estate mortgages, lottery winnings, str ctured settlements annuities and other ‘cash fl w’ assets. Such companies often have a v riety of options available and are ager to meet the needs of th ir clients. There are several options vailable to Mr. Lane. Let’s take a l ok at a few: - He could r
ceive a single lump sum for one or b th of his annuities. In this c se he would assign his rights to r ceive future payments to an investor and end up w th all cash. - He could assign an
nvestor the right to receive a p rtion of his payment for the ntire term of the annuity or for nly a specified time, say five y ars. In this case he’d get a l mp sum up front and part of a m nthly payment while the remainder of the p yment would go to the investor. - He c
uld assign his right to receive p yments for a specified time. In ther words, he might choose the t rm of seven years. So, for s ven years an investor would receive p yments from the annuity. At the c mpletion of the seven year term, p yments would revert back to Mr. L ne. There are many companies in the b siness of purchasing income streams or nvestments. Some can be very creative in str cturing a plan where the holder of a c shflow asset receives the funds they n ed while maintaining a portion of the p yments for the future. Hey, I j st got a post card from B lize. It’s from Mr. Lane. He s ys, I’d love it there. I th nk he’s right.
The article Structured Settlements - The Benefits of Having Cash in Hand was Submitted by Jared M Emin through Articles.GetACoder.com network. Here's the additional information: FutureAnnuities of America helps people who n ed to sell their structured settlements for a l mp sum of cash. We help our cl ents get a fair price for th ir payments. Get more information regarding structured settlements .
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