Sell Structured Settlement Maryland – Updated

Sell Structured Settlement Maryland  - Updated

Maryland Structured Settlement

Maryland Structured Settlement

Anyone following the structured settlement secondary market knows that there is a lot of conversation these days about buying and selling structured settlement payments in the State of Maryland.  Given that, it may be an appropriate time to revisit the topic and discuss what options there are for someone with a structured settlement that lives in Maryland and feels it is in their best interest to get a lump sum of cash for sum or all of their structured settlement.

Maryland is a fairly large and diverse state- It is bordered on the north by Pennsylvania   and on the West and South by West Virginia and Virginia.  Of course it also borders the District of Columbia.  Not withstanding its small geographic size it is both densely populated and has some of the highest median income in the country. The majority of the State’s population can be found in Baltimore, Maryland as well as in the areas surrounding Washington DC.

Like with any population that is as sizable and diverse as Maryland, the financial circumstances of its residents differ dramatically.  In the same vein, the structured settlements that residents of Maryland are entitled to differ significantly.  Much like the rest of the issued structured settlements, the annuities range from small monthly payments and lump sum to some very substantial future annuity streams.

Whether or not your current circumstances warrant keeping your structured settlement in tack or liquidating some or all of it- very much depends on your curren life  Of course, selling a structured settlement in Maryland (and in any state for that matter) results in your receiving less than the full face value of the payments that you are liquidating for a lump sum. Consequently before you proceed with moving forward with such a significant economic decision, you are well advised to really think whether the transaction is in your best interest.

Once you make the conclusion that it MAY be something that you can benefit from, you should speak to various Maryland structured settlement buyers- you may be surprised by the spectrum of offers you receive.  Getting quotes is always free and comes with no obligation and can be a good starting point for purposes of deciding whether or not getting a lump sum is in your best interest.  Whether you live in Maryland or anywhere else, it is important that you properly consider all options and alternatives as making the decision to liquidate a structured settlement- even part of it- is a big decision.

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How Far Out Can You Buy Life Contingent Structured Settlement Payments and Factors that are Considered

How Far Out Can You Buy Life Contingent Structured Settlement Payments

In the world of structured settlement buying, the most unique asset that purchasers can pay a lump sum for is life contingent structured settlement payments.  As the phrase suggests, these are annuity payments from a structured settlement that are contingent (generally speaking) on the mortality of the payee under the annuity- although in some cases they are contingent on a related third parties life.

Understanding when and how far out you can sell life contingent structured settlements requires a well versed understanding of the asset as well as some common sense.  On a basic level, you must understand that you are receiving cash today (a “lump sum”) from a structured settlement buyer and in return there is an inherent risk that the buyer may never collect the annuity structured settlement payments or all the payments it contracts to purchase because the measuring life dies prior to the date of the last life contingent structured settlement purchased.  To mitigate that risk, structured settlement buyers employ a variety of tools.

A tool that some life contingent structured settlement buyer implement is a life insurance policy.  This life insurance policy serves to “hedge” the risk that you the measuring life may pass away and therefore the buyer would not get the full benefit of the bargain in connection with the annuity payment stream it has contracted to acquire.  To understand how this works in its entirety is best left to discussion when you speak to the life contingent structured settlement buyer.

Reaching Your Goals Means Understanding the Valuation of your Life Contingent Structured Settlement

Reaching Your Goals Means Understanding the Valuation of your Life Contingent Structured Settlement

Moving to the question at hand:  how far out can a life contingent structured settlement company buy payments?  This depends on a host of a factors, the most obvious of which are (1) your age; (2) the size of your life contingent structured settlement payments; and (3) when the life contingent structured settlements are due.  By way of example, and only example, lets compare to scenarios:

a)  Seller is a 18 year old Olympic athlete that is the model of health of health.  This young, Healthy seller has immediate life contingent structured settlement payments of $2500 per month

b)  Seller is a 78 year old, former smoker, with various health conditions and is overweight.  This seller has immediate life contingent structured settlement payments of $2500 per month.

Which seller can sell there payments?  Both.

Are the payments, even though they are the exact same amount (i.e, $2500 per month) worth the same to a structured settlement buyer?  No.  Why is that?  Both payments are contingent on a the persons mortality, and the first seller seems more likely to live a longer period of time from today.  Of course, the 78 year old may live for a very long period of time from today but at the same time is more likely not to than the 18 year old Olympic athlete.

If you Are at a Financial Crossroad Getting a Valuation of your Life Contingent Payments May be Prudent

If you Are at a Financial Crossroad Getting a Valuation of your Life Contingent Payments May be Prudent

This side by side comparison provides an extreme and simplified version of the issues that are addressed by a buyer of life contingent structured settlements.  Depending on the factors and others, you may find that a structured settlement buyer could offer you money for payments due in 2050, 2060 and beyond.

Cal the Experts at Catalina Structured Settlements for more information at -800-31703769.