Get Cash Now! (877) 227-4713

Insights into your financial needs.

J.G. Wentworth Blog

calculating bills

What Are the Long-Term Concerns of Selling My Structured Settlement?

If you are considering selling your structured settlement payments for cash, you should be congratulated, because today there are still far too many structured settlement recipients who do not even realize they have the option to sell their future settlement payments and get that money into their pockets now.

At the same time, the decision to sell structured settlement payments remains a personal choice that is not for everyone; it should also never be made without careful consideration. The following represents a list of three important long-term concerns of selling structured settlement payments – both the pros and the cons.

Selling your structured settlement payments can allow you to make a “big ticket” purchase that might benefit your family for years into the future

Callers to J.G. Wentworth, the nation’s largest purchaser of future structured settlement and annuity payments, frequently tell our representatives that they are selling their future settlement payments for important “big ticket” purchases like a car, a home, or educational expenses like college tuition. These are extremely valid expenditures with real long-term benefits for yourself and for your loved ones.  After all, why wait for money to get to you years, even decades in the future – when you can use it to buy something invaluable today?

Selling your structured settlement payments now means you are not waiting for inflation to erode your settlement’s value

If you are expecting to receive regular settlement payments of, say, $10,000 a year for 20 years, it is important to realize that you are not actually receiving a total of $200,000 in today’s dollars. That’s because over time the impact of inflation will erode the value of these payments, especially in later years. But if you sell your structured settlement payments now, you know that the dollar amount you are receiving now translates to “true” purchasing power in today’s terms.

Selling your structured settlement payments may modify your long-term financial plans

While there are certainly many positives to selling future structured settlement payments, make no mistake: the decision to sell these payments now may translate to a long-term modification of your financial planning years down the road. Whether you choose to sell all or a portion of your payments you are foregoing regular payments in the future to get money into your hands now. If you sell all of your payments you may no longer rely on this income stream,. It is for these reasons that J.G. Wentworth carefully walks through options with all  potential structured settlement payment sellers and encourages them to seek legal and financial advice. Additionally the process of selling structured settlement payments is governed by the courts and a judge must find that the sale is in the individual’s best interest before it can be approved.

The bottom line: none of us truly knows what the future holds, and the best we can all hope for is to make the smartest financial decision possible with the information we have at the time. For further discussions about the long-term consequences of selling your structured settlement payments, or to receive a free, no-obligation quote on the cash value of your structured settlement payments, call J.G. Wentworth today at 877-227-4713.