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Annuity Transfer - What are the Risks
Structured settlement as the name
indicates is a periodic payment of a lump sum amount settled towards a
Personal injury or a Lottery win. There are companies, brokers and
consultants who pay lump sum for these future payments calculating their yield
over the entire period. These companies are governed by state and federal
regulations, that will accelerate future payments and pay out a lump sum of cash
now.
To go in for such payment consider the following points before selling the
structured settlements for lump sum.
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Should not have pressing financial need or opportunity
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Under the age of 18
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Annuity is sole source of income
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Live in North Carolina
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Monthly payments less than $100
- years away
What are the Risks accepting Annuity Transfer
The risks are
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lack of knowledge to
utilize and manage the treasure
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Going for speculative
investments and try to get high yields
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Lending for high rate of
interest for high returns
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involving in horse race
and other gambling ventures
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Utilizing for
criminal activities
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Dreaming to become
overnight and investing in such schemes
Unexpected wealth normally
gets more enemies than friends and even kith an kin becomes greedy and may
become enemies. Beware
More Info on Annuities
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