{"id":31185,"date":"2021-12-22T04:15:38","date_gmt":"2021-12-22T12:15:38","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=31185"},"modified":"2021-11-14T08:07:23","modified_gmt":"2021-11-14T16:07:23","slug":"the-pros-and-cons-of-selling-a-structured-settlement-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id31185-the-pros-and-cons-of-selling-a-structured-settlement-2.html","title":{"rendered":"The Pros and Cons of Selling a Structured Settlement"},"content":{"rendered":"

\"injury\"<\/a>If you tell me that you have recently been awarded a structured settlement, I automatically know at least a couple of things about you:<\/p>\n

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  1. You’ve made it through a trying time. Settlements are awarded to plaintiffs in lawsuits, often after they’ve been injured<\/a> or wronged in a way that is more challenging than they have ever faced in their life<\/li>\n
  2. You’re probably questioning the structured part of your structured settlement<\/li>\n<\/ol>\n

    Structured settlements are meant to be “idiot proof”, an example of government making policy for the lowest common denominator. Out of fear that people simply couldn’t handle the responsibility of having a big lump sum in their bank account, the federal government dictated that settlements be available divvied up, so that they were paid out month by month without the possibility of being depleted all at once.<\/p>\n

    All this is well and good, but some people don’t want this structured model. They have big needs, following the medical expenses and missed work that so often precede lawsuits. Maybe a modest monthly payment isn’t enough to cover your bills following this trying time in your life. Luckily, you are able to sell structured settlement payments to a lot of companies. But this isn’t the best choice for everyone. Here are the pros and cons of selling:<\/p>\n