How To Access Your Annuity

Accessing Your Money from a Structured Settlement

If you’re receiving payments from a structured settlement, you may have questions about how to access this money sooner. Whether you need funds for an emergency, a major purchase, or other financial obligations, options are available to turn future payments into a lump sum of cash now. This guide will walk you through the process, benefits, and key considerations for selling your structured settlement payments.

What is a Structured Settlement?

A structured settlement is a financial arrangement typically established after a legal settlement or insurance claim. Instead of receiving a single lump-sum payment, you receive periodic payments over a predetermined period, which provides steady income and potential tax benefits. While this arrangement offers long-term financial security, there may come a time when you need access to your money more quickly than the settlement allows.

Why Sell Your Structured Settlement?

Selling your structured settlement payments allows you to convert future payments into immediate cash. Common reasons people choose to sell their structured settlements include:

Emergency Medical Expenses – Covering unforeseen healthcare needs.

Debt Relief – Paying down high-interest debt to save on interest over time.

Education Costs – Funding tuition or other educational expenses.

Home Purchase or Renovation – Making a down payment on a home or renovating.

Starting a Business – Investing in a new or existing business venture.

Family Support – Assisting with family expenses or unexpected life events.