AFC Structured Settlement Annuities |
 In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax-deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity contracts is the option for a guaranteed distribution of income until the death of the person or persons named in the contract. Perhaps confusingly, the majority of modern annuity customers use annuities only to accumulate funds and to take lump-sum withdrawals without using the guaranteed-income-for-life feature.
AFC Structured Settlements can help you get a cash advance today by assisting you in selling part or all of your annuity.
Sale of an Annuity or the Sale of a Structured Settlement differe's from Pre-Settlement Funding in the following ways:
Annuities or Structured Settlements are previously agreed upon financial instruments or Insurance Policies that are usually purchased by the losing side in a law suit, so they are existing and are to be paid over a period of several years. Many times the payment schedule may consist of both monthly and or annual payments for example; a $1,000,000 Annuity or Structured Settlement could be paid out at the rate of $1,000 per month with lump sum payments every 5 years, paid over a period of thirty years. Pre-Settlement Funding differ's from Annuities and Structured Settlement Funding in that the settlement has not yet been agreed upon or in the case of litigation has not been settled or gone to trial.
In the case of an annuity you could sell the next few years of your annuity payments and receive a lump sum now. After those few years have passed you would immediately continue to receive your annuity payments as usual. The advantage is that you can use more of your money for important needs today.
To learn how we can help you, please contact us by completing the form below (Name and Email are required) or complete the General Application to help us assist you further. You may also call us at 1 866-546-7416 Fax 866-625-1688 (outside the USA call 1 954-724-0020) We will be glad to help.
|
