Should You Sell Structured Settlement Annuity Payments?

By Simon Volkov

Annuitants wanting to sell structured settlement payments must first determine if this practice is allowed in the state where they reside. Approximately 34 states prohibit the sale or transfer of annuity payments. States which do allow the practice limit the number of annuity payments sold and require Annuitants to obtain court approval prior to the sale.

Annuitants choose to sell structured settlement annuities for many reasons. Some need a lump sum cash advance to fund college tuition, start a business, or pay off outstanding debts. Others want funds for investment purposes such as buying real estate or cash flow notes.

Courts typically frown on requests for selling annuities; particularly if structured settlements were awarded due to serious injury. Injury-based structured settlements are established to ensure Annuitants receive adequate funds to cover living expenses and ongoing medical expenses. Courts are not eager to allow Annuitants to cash-out future payments unless there is substantial proof the sale will positively impact the Annuitant’s life.

Structured settlements are also used to compensate jackpot lottery winners. When individuals win mega-millions they can opt for a lump sum cash payment or annuity payments. When lottery winners accept lump sum payments they receive considerably less money than winners who elect an extended payout. Courts are more open to authorizing the sale of structured settlements used for lottery payouts than those used for injury compensations.

Structured settlements are also used to distribute inheritance funds provided in an irrevocable life insurance trust (ILIT). Courts can swing either direction when Annuitants seek permission to sell inheritance funds. Much depends on how the ILIT was established. Courts respond more favorably when annuity payments are distributed annually vs. being distributed when Annuitants reach major milestones.

YouTube Preview Image

Regardless of the reason structured settlements were established, it is best for Annuitants to obtain legal counsel prior to seeking court approval.

Annuity payments are backed by life insurance companies. When Annuitants sell partial payments they must transfer payment rights to the funding source. Once court authorization is obtained, Annuitants must also obtain approval from the life insurance company.

Annuitants must provide the insurance company with contact information for the funding source, along with the number of payments to transfer. Life insurance companies are not required to approve transfers and are often unwilling to authorize the transfer of future annuities.

Annuity payments are sold to funding sources for a lump sum cash payment. Funding sources are generally private investors, investment companies, and cash advance providers. Some banks and credit unions provide cash for annuities, but the majority of financial institutions do not engage in this type of funding.

Funding sources do not offer full face value of annuities. Investors typically charge an upfront fee ranging between 20- and 30-percent of advanced funds. For example, an Annuitant receives $10,000 every three months and requires $100,000 in cash.

The Annuitant would need to transfer 12 to 13 payments to cover the full amount required, plus the funding source fees. The life insurance company would send payments to the funding source until the cash advance is repaid. Afterward, annuity payments revert back to the Annuitant.

The most common strategy for selling structured settlements is to sell partial payments. Courts rarely approve the sale of structured settlements in whole. The exception is for lottery winnings or if only a few years of payments remain.

The decision to sell structured settlement payments is a decision that should not be taken lightly. Annuitants should carefully weigh the pros and cons of selling future annuities. It is best to consult with a lawyer or tax accountant to determine if this is the best financial decision and to ensure proper protocol is followed.

About the Author: Author and investor, Simon Volkov has published an extensive article library focused on how to

sell structured settlement

payments and strategies for establishing structured settlements via his website at



Permanent Link:

Posted on September 6th, 2016 by eE73Dg  |  No Comments »

Princess Cut Diamond Rings Give You The Perfect Glitter With A Pinch Of Originality!

Princess Cut Diamond rings give you the perfect glitter with a pinch of originality!


aelgar smith

Diamonds are quite common nowadays. We see them all around, especially during Valentine s Day. What makes a diamond special? Why is it that women swoon over a shiny thing that is so small, one wrong move and you can lose it forever? There are a lot of reasons why women love jewelry, but there are a lot more reasons why they love diamonds. Consider that before you make a purchase because the fact of the matter is: Diamonds last forever. What better way to signify devotion and loyalty than to give her a symbol of your undying, unfading love and affection entwined with the promise of a happily ever after?

Men will never understand but I m sure women have thought about this already since they started to look for their own Prince Charming .

You ve noticed that right? That behind almost every story in the world there is a hero and a heroine, a king and a queen, or a prince and a princess. Sometimes they re all part of the same story! The truth is, women are suckers for love. They are willing to give away anything and everything that they have once they believe that they have found a prince to call their own. You definitely have to make sure that you re that person.

YouTube Preview Image

Consider getting a

Princess Cut Diamond Engagement Ring

. This diamond ring is the most popular ring that isn t round or circular perfect for the edgy, non-conformist woman. The princess ring has four pointed corners, essentially making it a square in design. However, rectangular ones are also available. It has different colored grades and its light grade and reflection can greatly vary because of its unusual but elegant shape.

Princess Cut Diamond rings are the key to making any man the hero of the relationship storyline. Even the ugly ogre Shrek was able to give his Princess Fiona a ring! That s a face you d normally say No. to but it just goes to show how powerful a right ring in the right place could be.

It s about time that you turn your princess into a queen. Give her a

Princess Cut Diamond Ring

(for the engagement) and follow it up with an everlasting diamond ring (preferably with the design that she likes the most that part, you will have to decide with your princess and soon-to-be queen) and she s sure to be beside you forever. Make your story the envy of all the others give her a Princess Cut Diamond Ring now you don t even have to be scared of a No. for a reply, this is guaranteed to make her say Yes! with a great big smile.

Diamond ring is the most popular ring for wedding and engagements. Buy

Princess Cut Diamond Engagement Ring

from the reliable store. Place your order online with

Article Source:

Posted on January 16th, 2016 by eE73Dg  |  No Comments »

Home-invaders pose as NYC police

Monday, July 16, 2007 

In two separate incidents, men posing as members of the New York Police Department (NYPD), have invaded homes in the New York City area. In both cases, they robbed the residents, but in the most recent, they sexually assaulted a woman.

On Saturday, July 14, at 1:09 a.m. EDT (UTC-4), four men knocked on the door of a Yonkers, New York, apartment. The 33-year-old male that lives there opened the door, as the men outside wore NYPD hats and t-shirts, and had badges hanging around their necks.

The men promptly ordered the male victim to the floor. “When this guy pushed me, he had a gun in my face,” the victim said. “I could see the other guy. He motioned to the others, come on, let’s go, let’s go.” The intruders shouted “Where are the drugs?” as they ransacked the apartment.

Two of the men entered the bedroom and sexually assaulted the 30-year-old female. The couple has a five-year-old child, who was sleeping in another bedroom. “The more I resisted, the more he began to hit me,” the woman said. She said she was sexually assaulted by two of the men while her boyfriend was bound and guarded.

Police said the men then left with a cell phone, a laptop computer, a diamond ring and a gold chain. Police do not believe that they were real officers. As of this afternoon, no arrests have been made.

On Thursday, July 5, shortly after six p.m. in the East New York neighborhood of Brooklyn five men knocked on the door claiming to be “the police.” When the victims opened the door, they pushed their way in demanding the family give them drugs and money.

When police responded to a call reporting a robbery, they found the family, husband, wife and their daughter, tied up. The man suffered a head injury when he was pistol-whipped. Police say the robbers got away with a camera, jewelry, and US$5,000 in currency.

Neighbors told NY1 that they were stunned. “Frightened. Make you think twice before you want to open the door, you know,” said one of the neighbors. “Now you be asking for all this ID and stuff and even still you’re going to wonder, are they for real? So it’s kind of scary.”

There is no word about whether the two cases are connected. Yonkers is on the border of New York City, but is outside the jurisdiction of the NYPD.

Posted on January 16th, 2016 by eE73Dg  |  No Comments »

Zimbabwe government allocates US$10 million for relocation of thousands of families near diamond field

Saturday, November 14, 2009 

The Zimbabwean government has allocated US$10 million worth of funds for the relocation of thousands of families living near the Chiadzwa diamond fields in the Manicaland province.

Murisi Zwizwai, the Deputy Mines Minister, said that the funds would be used to build houses for the residents in the area, and for developments in . “I can confirm that US$10 million has been set aside for the relocation. The relocation may take place after they have harvested their crops,” he said in an interview, as quoted by the New Zimbabwe news agency.

Zwizwai also added that “the money would be used to build new houses, clinics among others.” According to him, the residents would not be relocated until the 2009–10 agricultural season.

In a 100-day plan, the Zimbabwean coalition government noted that diamonds in the area might be a large source of funds and finance for the country, and could help revive the economy.

Posted on January 16th, 2016 by eE73Dg  |  No Comments »

Diamonds: Anglo American to pay US$5.1 billion for 40% of De Beers

Friday, November 4, 2011 

Anglo American PLC has negotiated a price of US$5.1 billion to buy 40% of diamond giant De Beers from the Oppenheimer family. Anglo’s stake will jump from 45% to either 75% or 85%; the Botswanan government has an option to increase its own stake.

“This has been a momentous and difficult decision as my family has been in the diamond industry for more than 100 years and part of De Beers for over 80 years,” said De Beers chairman Nicky Oppenheimer. The Oppenheimers are selling their entire remaining stake in the company they took over in the 1920s. They retain 2% of Anglo, founded in 1917 by Sir Ernest Oppenheimer. Until Nicky’s resignation this year Anglo’s board has always featured an Oppenheimer.

As-of June De Beers assets totalled US$8.2 billion with US$1.2 billion pre-tax profit over the prior six months, compared to a US$863 million pre-tax profit last year. The firm owns two Canadian mines and one in South Africa, along with joint ownership with Botswana in two of the world’s biggest diamond mines.

Part of the sale deal promises the Oppenheimers will be given part of any value increase if the firm is floated within two years. Nonetheless, Anglo CEO Cynthia Carroll denied this means a flotation is planned. She also said there is no connection between the purchase, which is set to be finalised next year, and Chilean state-owned copper firm Coldeco’s recent major purchase of 49% of various Anglo property. The Oppenheimers receive 20% of any price increase if a float occurs within a year, and 10% if one happens the year after.

Posted on January 16th, 2016 by eE73Dg  |  No Comments »

Refinance &Amp; Mortgage Tips: Down Payment From Stocks &Amp; Bonds

By Tristan Hunt

When you start thinking about buying a home, the first thing you should be considering is your down payment and cash for fees and closing costs, and then you’ll have to show your lender how where you got the money for the down payment. The best place to start the process is by documenting and verifying the contents of your checking, savings and money market accounts at your bank. But for those of you who have most of your money invested outside of your checking and savings, you may wish to look to your brokerage account and its contents: stocks, bonds, mutual funds etc., to show your lender the money. Still in many cases it may not be advisable to liquidate well performing investments to make a down payment.

If you have a brokerage account in good standing, documenting these assets is simple. Open up your filing cabinet and find the most recent statement of your account. Your lender will likely require that you need a current (thirty to ninety day old) brokerage account statement for documentation of the assets.

If you own shares in a mutual fund or any stocks or bonds which were purchased outside of the brokerage account, please produce hard copies of any proof of ownership and submit copies to your lender clearly explaining the situation. For example, if you have 1,000 physical stock certificates of Berkshire Hathaway A gathering dust in a safety deposit box or fireproof safe somewhere, you’ll want to take photocopies of the certificates and if necessary get a letter from the company’s registrar confirming your ownership of n number of shares of the company in your name. The same is true of all instruments which you may have physical copies of, but it is important to note that shares of private companies will not benefit you in verifying your assets for the lender. Mutual funds often provide separate statements which you can produce for your lender’s satisfaction. Be sure to present statements which are no more than 30 days old.

YouTube Preview Image

So everything we’ve talked about so far refers to the verification of assets, but if you are planning on selling all or part of these stocks, bonds, mutual funds or any other securities to make a down payment or pay for fees and closing costs on your new home and mortgage respectively, it is critical to keep every single piece of paper, email, bank to bank wire / telex, or other communication which documents the sale or other liquidation of the assets and any receipts which show how you got paid for raising money against or through these assets. Be thorough, be detailed, because most lenders will be obligated to ask you a lot of questions about the liquidation of such assets to cover a down payment on your new home or closing costs on your mortgage.

If you deposit funds from the sale of securities, including stocks, bonds and mutual funds into a savings, checking or money market account, try to put the money in the same bank where you are keeping most of your accounts, which will simplify matters and make it easier to substantiate the sudden influx of cash from the sale. And hang on to those receipts!

Stocks, bonds and mutual funds are an excellent source of capital for the purposes of establishing that you have reserves of assets which could be used in emergency situations such as unemployment, disaster or injury, however it is difficult to recommend liquidating these assets for use in marginally reducing your rate of borrowing on a home loan. Generally, it is best to discuss the matter with your financial advisor to weigh the comparative performance offset between the appreciation of these investments against whatever savings you might realize by liquidating them for use as a down payment.

About the Author: Tristan Hunt is a seasoned financial professional with a wealth of experience in the mortgage industry, advising clients on debt consolidation, refinancing & investor loans. Website:


Permanent Link:

Posted on September 19th, 2015 by eE73Dg  |  No Comments »

South African prosecutors charge ANC leader Jacob Zuma with corruption

Saturday, December 29, 2007 


Corruption-related charges have been brought against Jacob Zuma, the newly-elected leader of the African National Congress (ANC), according to his lawyer. A trial is scheduled to begin on August 14, 2008.

The charges stem from an arms deal with a French company, which is alleged to have involved bribes and fraud. Zuma’s financial adviser at the time, Schabir Shaik, was convicted in 2005 of attempting to solicit a bribe of US$72,500 per year from the arms company on Zuma’s behalf and was sentenced to 15 years in prison. Zuma was fired as deputy president in 2005 by South African President Thabo Mbeki due to the scandal.

Two-term ANC leader Mbeki recently lost an ANC leadership contest to Jacob Zuma, who garnered about 60 percent of delegate votes in his win.

Zuma had been charged with corruption in 2005, but the case was dismissed on procedural grounds. Michael Hulley, Zuma’s defence lawyer, indicated that they will strongly contest the new charges in court. Hulley also suggested that the South African government’s National Prosecuting Authority (NPA) and its anti-organised crime division known as The Scorpions, have carried out a smear campaign against Zuma.

“These charges will be vigorously defended, in the context of the belief that the Scorpions (NPA) have acted wrongly and with improper motive calculated to discredit Mr. Zuma and ensure that he play no leadership role in the political future of our country,” said Michael Hulley in a statement.

Given that the ANC has been the governing party in South Africa since the end of apartheid in 1994, it is likely that Jacob Zuma could become the next president after general elections in 2009. Zuma has said, however, that he would resign if he was found guilty by the courts.

Posted on September 18th, 2015 by eE73Dg  |  No Comments »

Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014 

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Posted on September 18th, 2015 by eE73Dg  |  No Comments »

What To Wear At Work

Submitted by: Max Johnson

Heading out the door on a workday with rainclouds in the sky usually means it is time to grab raingear and an umbrella. That is just one part of knowing what to wear at work. Wearing the best apparel means you have the right clothing and equipment for the job at hand. This is not always an easy task because there are numerous types of regulations and personal protection equipments available out there, but knowing industry standards is a good start when it comes to getting best in working apparel.

If you are looking for what to wear at work, you will find there are numerous examples of great designs and great prices. Finding the best manufacturer means you will be finding the best prices with a nice collection of high quality merchandises you need for your career or occupation.

What is it you need? What will offer you the best in safety apparel? Where can you find the lowest prices? Which quality is best for your needs?

YouTube Preview Image

When you have tough questions, you deserve straight forward and honest answers. Sometimes, those answers will depend a great deal on the situation and your needs. For example, you may prefer logger boots instead of athletic shoes if you work around lumber or lumber equipment. Steel toed may be your preference, but finding the best steel toed boots is going to be a journey in and of itself. Embedded steel is going to be regulatory instead of plated which can fall over, corrode, and be plain bothersome.

When deciding what to wear at work, you will also find there are many styles and designs when it comes to your favorite working shirts. Shirts, tops, blouses, or tops you can use your preference offer a more subtle and protective environment where you get to choose the style that fits your lifestyle and preferences. Are they all going to be perfect for your needs? No, but you will find the best tops for your industry. There are many styles, designs, and prices allowing you a custom experience when it is needed most.

Of course, bottoms are important as well. Trousers or slacks are more for the professional businessperson needing to look his or her best in any situation. These tend to be made of a cotton or cotton blend that make the workday all that much better. On the other hand, denims and jeans promote a durable and hearty type of protection where it is needed the most as well. There are many types of denim pants, shorts, or skirts on the market allowing the best opportunity to look your best.

Outerwear is something that is important too. Whether you need protection from the rain, snow, cold, heat, or other types of environments, you will discover the beauty of having the best protection for your needs thanks to a copious number of choices afforded you by manufacturers or designers that simply provide you with more.

Regardless of your need, when you need to know what to wear at work, you will get the options you need to make an educated, affordable decision that will serve you well for years to come.

About the Author: Click for more

Work Apparel

. Click for more

What to Wear at Work



Permanent Link:

Posted on October 11th, 2014 by eE73Dg  |  No Comments »

No Bark Collars Various Varieties Anti Bark Collars

No Bark Collars – Various Varieties Anti Bark Collars



All things considered those years you\\’re with all your dog, it\\’s going to be a substantial emotional disturbance that they are instructed to give her / him to another location owner. In addition, the revolutionary owners will most probably reduce the dog to boot when see how much disturbance it causes. Oftentimes, these dogs just excersice from 1 you will find a next, until finally they land in a dog shelter, thereafter finally about the receiving end of an lethal injection. Some people don\\’t think that far, and call inhumane using device becoming a negligible static shock which could prevent such situation.

Spray Bark Control. This is a favorite among animal rights advocates. Is it doesn\\’t safest and a lot gentle style of instilling discipline for your dog. It sprays a light mist face-to-face with your canine plus a hissing sound. The view of the mist and hissing noise simply distracts doggy from barking. The mist might not be scented. The lightweight spray tank during this dog collar is also refillable. This can be for the majority of dog sizes and breeds.

YouTube Preview Image

Are Sonic Collars Safe to Dogs?The sonic bark collars are completely safe to dogs. Some puppy owners fear could possibly damage the ear drums of dogs. Joe\\’s program sonic collars never damage the ear of your barking dog. The collar weighs small and therefore there isn\\’t really a sense discomfort to your dog. A puppy feels pain free or bad sensation when working with a sonic collar. Further they are available in some cloth to alter the size while using width belonging to the neck. It really is attached safely to the standard receiver also. The sonic bark collars are less costly than other types of bark collars.

Eachtime your canine barks the sound increases in strength but it will embark on increasing so long as the dog barks. After a dog has barked in excess of 15 times a single minute the collar will rest for some time after to convey your canine a possibility inside training process, then begin just as before – that is if your canine continues to be barking.I honestly cannot say what effect this sonic sound can have on just about every other pets you possess their home since they obviously will read it. It might be unfortunate to punish them for something doesn\\’t meam they are doing. And also stands out as the question with the dog you are hoping to practice being deaf. I cannot see this sonic collar creating a deaf dog. Barking dogs aren\\’t just an annoyance towards the owner, you will have to consider living next door to may noise.

Citronella Bark Collar one among the Humane and Effective Nuisance Barking Solution.A Citronella Bark Collar uses technology to generate a harmless burst of citronella spray to get rid of your canine\\’s barking.Trainers have tried it with positive results.\\”I\\’ve tried it with good results with some my clients\\’ dogs. Companion owners who does never accept any other type of anti-bark collar can offer no qualms about using yours.\\” -Terry D. Morrow, Trainer

Read more about author at:

Shock Collars For Little Dogs


How To Train Dog With Shock Collar

Article Source:

Posted on August 28th, 2014 by eE73Dg  |  No Comments »