If you are currently receiving fixed lottery payments or money from a structured settlement, you’re likely frustrated with how little your life has changed. Receiving structured settlement should be an exciting time, but fixed payments paid out over decades can put a damper on your joy.
Fortunately, as an annuity recipient, you have the option to sell your structured settlement for a huge lump sum and live the life you’ve always wanted. It’s no surprise that about 92% of claimants who sell fixed payments for a lump sum are happy with their decision.
It’s particularly important to sell your structured settlements if you’ve won the lotto as these winnings are often paid out over long periods of time. For example, the Powerball annuity payout schedule consists of 30 annual payments that slowly increase over time.
Frankly, these fixed payments do not impact the lives of winners enough to truly matter, and you can change this by selling a structured settlement for a huge lump sum. Here are just three of the many ways that you can change your life when you sell your structured settlements:
- Eliminate debt. Debt has become one of the biggest problems facing Americans today, and lottery annuity recipients often find that their fixed payments are not enough to pay off growing debt. When you sell your structured settlements for a huge lump sum, you can clear all of this debt from your name and start with a clean slate going forward.
- Put some money in the bank. You may currently find that the cost of living has gotten to the point where you are living paycheck-to-paycheck. When you sell your lotto win for a lump sum, you won’t have to live this daily grind anymore. Having some added financial protection in the bank will allow you to live fully and confidently each and every day.
- Do something special with your lump sum. After your debts are paid off and you have some money in the bank, it is up to you how you spend the rest of your lump sum. From investing in a mansion to going on your dream vacation, you are in complete control of how your lump sum money is spent.
As a lotto winner or settlement recipient, you are in the unique position to sell your fixed payments and live a comfortable life. Sell your structured settlements for a huge lump sum and start living life to the fullest.