Opting to take a structured settlement agreement rather than endure the costs and time associated with a trial can be a smart move but what many annuitants find is that the periodic payments that come with that agreement simply don’t provide the kind of financial relief that they may want. To get that relief many annuitants opt to sell their structured settlement payments and receive a lump sum.
Selling structured settlement payments provides a means to secure a larger source of money, money that can then be used for financial objectives like eliminating debt, buying a home, purchasing a vehicle, investing in business ventures, paying off educational costs or just having money for unexpected needs.
Of course when the decision to sell structured settlements is made it is extremely important that the annuitant find the right buyer, a buyer like AnFed Bank. As the only bank designed to serve the unique needs of structured settlement annuitants AnFed Bank not only understands what an annuitant wants but can actually deliver a lump sum payment that reflects what their settlement is really worth.
AnFed Bank is a division of BofI Federal Bank, a federally chartered, publically traded and FDIC insured bank, and this is an important distinction from other companies that offer to buy structured settlements. While these companies are simply acting as brokers, trying to buy low and then sell the settlement to a financial institution at a higher price AnFed Bank is a financial institution.
What this means is that AnFed Bank eliminates the need to use a middleman and deals directly with the annuitant, making it possible for the annuitant to get more money for their structured settlement.
If you have a structured settlement and you are looking to sell all or part of your future payments request a free consultation with AnFed Bank and find out how you can get what your payments are really worth.