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Borrower Cash for Structured Settlement information and for Lump Sum Cash Payments:
Structured settlements usually from lottery payouts, insurance awards or inherited annuities from a relative's estate. The bottom line is that a structured settlement is a monthly income stream that is intended to help the recipient pay for living and medical expenses if applicable throughout the term of the agreement.
A structured settlement cash lump sum is a large amount of money awarded to an individual with an explicit disbursement schedule. The structured settlement cash lump funds are paid as an electronic funds transfer to the recipient bank account over a period of time. This provides a steady income stream over the term of the structured settlement cash lump sum agreement and usually gives a better rate of return than if the individual received a lump sum of cash and re-invested that money elsewhere.
When talking about a structured settlement cash lump sum, it is important to provide future flexibility into the agreement so that you will not only receive a steady income stream, but allow for future life situations.
Building flexibility into your structured settlement cash lump sum agreement should be something your financial settlement adviser should be able to help you with.
A. Graduated payments - As part of the agreement, there may be an option to have the settlement cash lump sum configured to have graduating payments on specific anniversaries of the award. These structured settlement cash lump graduated payments would be pre-determined, and legally agreed to as part of the structured settlement.
B. Future Cash Payments - In addition to receiving steady income for a Structured Settlement cash lump sum on a regular basis, you may want to include set amounts added as separate payments in the future. This will provide an individual the ability to receive exact amounts on specific intervals as part of the terms of the structured settlement cash lump.
C. Structured Settlement cash lump sum clause that allows the payments to continue in the event the primary recipient dies. This will keep the structured settlement cash lump agreement in place to ensure the total settlement is paid to the estate or other party that may have been part of the Structured Settlement cash lump sum agreement.