Do you need cash? Most of us do during this time of economic instability. It is possible to obtain cash structured settlements. Do you have a settlement? Many people do, but they do not even know it.
Structured settlements can come in the form of money won in a lawsuit, or for money that will be paid to you in the future from an annuity. In each case, a structured settlement involves periodic payments. If you were involved in legal litigation and received a settlement from another party, chances are that the settlement was made in the form of monthly, quarterly or yearly payments that will come to you. This is one type of structured payment plan.
Another type of structured payment schedule is an annuity. Annuities are basically retirement plans. Money is paid into the annuity by you, and sometimes your employer too. When you reach retirement age, you are able to apply for payments from the annuity. At that time the annuity is opened and you begin to receive the money. With this type of fund, you usually have to wait many years before you can receive any of your own money.
Ted is a 36 year old marketing manager in Los Angeles. He was a marketing manager until his company laid him off last year. He is still searching for work, and his unemployment benefits have run out. He needs money to continue paying his living expenses and to repay student loans from graduate school. He worked for a University for three years and had $40, 000 invested in an annuity. Because he is still young and has many more years to earn money, he does not want to wait for retirement to use the money in the annuity. He needs money now.
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