In the event that you receive payment from an injury case, you can always choose to have the annuity purchased by an independent third party who will then provide you with periodic tax-free payments for your structured settlements.

Companies can offer a specific amount of cash for a structured type of settlement through a variety of programs that allow you to gain access to any valuable portion of your annuity. You may want to sell as few as a year’s worth of payments or you may be able to receive a lump sum payment while enjoying a portion of your monthly payment. Or you can sell your settlement for a large payment to be made five or six years from now. You can also customize an arrangement to get cash for a structured settlement based on your unique needs.

After a couple of months or years of trading, you will receive sizable amounts of deals. The money you receive in advance is only enough to cover medical expenses. The remainder of your compensation is scheduled to be paid out in regular installments through an annuity over the next 15 to 30 years. If you’re thinking of getting cash for your structured settlement, it’s best to contact a good financial advisor. Most states create regulations that limit the sale of structured settlements, so you will need court approval to receive cash for your structured settlement.

A possible disadvantage of structured settlements is the obligation to wait for periodic payments. This puts you at a disadvantage if you want to buy a house or any other expenses, you can’t borrow against future payments under the settlement agreement.

One drawback to this is the integrated structure, and you may not like having to follow a restricted mode of payment. You may want to buy a house or some expensive equipment, but you will be short of funds because of how your liquidation works. This keeps you in an unwarranted situation until the next stack of payments arrives, not a good position to be in, but hey, everything has its drawbacks, right?