Tag Archives: Structured Settlement

Types of Structured Settlements

Life Annuity

This means you would receive periodic payments, but for a guaranteed number of years or for your entire life, whichever comes first.

Temporary Life Annuity

For temporary life annuity, you would still receive periodic payments for a guaranteed number of years but only if alive. In other words, with this type of structured settlement you would not have the ability to name a beneficiary.

Lump Sum Annuity

If wanted, you could establish an annuity whereby you would receive a lump sum of money on a specified date in the future. For instance, if you were 55 years old at the time of the incident, you could bolster your retirement funds by having the lump sum set for ten years ahead. This would mean that at age 65 you would have more money on which you could retire.

For the lump sum option a beneficiary could be chosen. However, once you choose the future date, it cannot be changed.

Life Only Annuity

With life only annuity, you would be able to determine the frequency of payments, if the attorney would be paid in periodic payments or a lump sum, and whether you receive any upfront cash in the form of a lump sum prior to the periodic payments being created. Also, payments would be paid for the remainder of your life and no beneficiary provision is offered.

Joint and Survivor Annuity

With joint and survivor annuity, you would still be receive monthly payments for the rest of your life. However,if you chose a beneficiary and that individual were to outlive you, the monthly payments would be transferred. Thus, the chosen beneficiary would receive payments for life.

Interested in learning more about our annuities? Contact us at 1-855-804-FUND (3863) or use the form below:

Structured Settlements for College Tuition Payments

The high tuition of a college education is a financial obstacle for many families. While student loans may seem like the temporary answer to paying for education costs, in the long run loans contribute to much more debt.

Have you found the process of deferments equally troublesome with the ensuing costs in late charges, penalties and increased interest?

How does structured settlement  pay tuition in a more financially smart way? The process involves taking advantage of current assets to avoid debt and higher interests from loans. Selling a structured settlement opens up cash allowing a student to pay down tuition at the time they are admitted into their school.

Education costs continue to soar. In 2011, graduating seniors owed an average of $25,250 in student loans. In 2013, they owed an average of $35,200 in student loans.

How does a structured settlement sale work for incoming college students? The sale allows for an “advance” on assets that avoids interest, since it’s not a debt. Instead, the  structured settlement takes equity out of an asset and uses the equity to pay for tuition upfront.

Do you have a question about our structured settlements used for college tuition payments? Contact one of our representatives today by calling 1-855-804-FUND (3863) or use the form below:

Is It Best To Sell All or Some of My Structured Settlement?

So you see a commercial and you decide that it is time to sell your structured settlement for lump sums of cash, but you have no idea if you should sell all of it or some. We understand the dilemma.

At MDH, we talk to a lot of people who want to use the money that is owed to them, but still want the flexibility to use their payments later on. A lot of other companies will try to convince you that selling all of your settlement is the best choice. These are companies that are interested their profits.  

We see things a little differently here.  

We want to help you to make the best financial decisions for you and your family. We’ve composed a list of fantastic reasons selling your structured settlement or annuity for cash can help make your dreams happen, while still maintaining the flexibility you need.

Invest in your future. Whether it’s starting your own business or wanting to diversify your portfolio, as a financial institution, we understand the importance of making your money work for you. If the cause of your settlement or annuity makes it difficult for you to find work, then selling some it for a lump sum of cash can give you the boost you need to turn your passion into a new career.

Debt (and stress) reduction. Stress over money is one of the most pervasive and common strains on the health of Americans. If you find yourself losing sleep and in a bad mood because you worry that ends won’t meet, then accelerating your structured settlement is a great way to ensure that you will live out the lifespan of your settlement. 

Auto purchase. Auto loans are notoriously dangerous debt and to make matters worst lenders are still providing unwise subprime loans. We understand the importance of having a reliable car and the exhilaration of purchasing a new one. You should be able to enjoy that without a care.

Tuition expenses. If you or your children have decided to pursue a quality higher education, then selling your structured settlement or annuity is a smart way to focus more on the classes, instead of how to pay back the loans incurred. 

Home repair or improvement. The weather can be unpredictable and the damage it causes can be quite expensive. Whether you want to prepare for the harshness of the upcoming winter, update your house to make it more energy efficient (hint: there’s a tax incentive), or you want to personalize and modernize your home, selling your settlement or annuity for a lump sum of cash should be the first step in making your home more comfortable.

At MDH, your interests are our interests and we want to help you to make the smart financial decision.