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September 17, 2009
Cash for annuity payments can be received by selling structured settlements to a cash flow note investor. Private investors and investment groups provide lump sum cash payments in exchange for assignments of annuity payments. However, it is important to understand how this type of transaction works before entering into a contact. It is even more important to scrutinize the company offering to buy structured settlement annuity payments.
Obtaining cash for annuity payments can be a complex process. In some states, the sale of structured settlements requires court approval. Therefore, it is best to consult with a professional note buyer such as Simon Volkov or a structured settlement attorney.
June 05, 2008
Annuity payments provide a series of payments over a specific period of time. These structured payments typically evolve from an insurance settlement or lottery winnings. The person who receives the payments is referred to as the Annuitant.
Annuity payments paid to the Annuitant through an insurance company are called Structured Settlements. Payments from a structured settlement are not subject to income tax as long as the money received is the result of a personal physical injury or illness.