How to Use a Structured Settlement Calculator
A Structured Settlement Calculator is a computer program designed to help you compute the potential of getting a large lump sum payment as opposed to receiving a monthly annuity payment for the rest of your life. Using a Structured Settlement Calculator can help you get an idea of what you may be entitled to when negotiating your settlement with your insurance company. Most companies offer a structured settlements calculator to their clients for free on the internet.
Structured Settlement Calculator Instructions: Enter your current structured settlement amount into the “structured settlement” cell, press the enter key to start the computation. The Structured Settlement “Cell” will display the current value of the structured settlement. If the calculator displays more than ten percent over the total value of the settlement, then there is a strong possibility that you will receive a better cash deal than you currently anticipate.
The reason why structured settlement calculators are so helpful is because the settlement amount actually decreases over time. For example, if you are receiving a three hundred thousand dollar settlement at the moment, but four years down the road you receive only a thirty million dollar settlement, your settlement value will go down by almost two percent. That means if your settlement value was thirty thousand dollars at the time of the settlement, you may end up receiving only around twenty thousand dollars after the four years. Because this process continues over the course of time, it is essential that you have access to a structured settlements calculator in order to monitor your progress as you pay off your settlement amount. Not having access to this useful tool could mean a missed opportunity to maximize your chances of receiving a large settlement at a time in the future.
One of the best ways to receive a lump sum payment to settle your settlement is through a life settlement or cash value annuity. Life settlements require a monthly payment, but you can receive a cash value annuity on a one-time basis without paying monthly payments. The great thing about these types of investments is that they provide you with a chance to receive a large lump sum payment with a fixed interest rate and no ongoing fees. In addition to offering you the flexibility of a cash value annuity, some life settlement deals also allow you to borrow against the funds received to meet expenses or meet other financial needs that arise over the course of time.
If you are considering entering into a structured settlement, the best thing to do is get the best structured settlement calculator on the market. By using a well designed and professionally designed structured settlements calculator, you will have an exact idea of what you could be eligible for and how much money you would be receiving if you entered into a settlement agreement today. You would also know how much money you would be receiving if you entered into a settlement agreement today, but you would not be able to know for sure until you had access to the computerized calculator. With a structured settlements calculator, you can calculate the potential value of a large lump sum payment to your insurance company, your tax benefits and other financial considerations before you actually obtain a structured settlements annuity.
Some insurance companies may not be willing to offer their customers an entire lump sum in exchange for their settlement, but if you do your research you may be surprised to find that they may offer you a discount on the total price of the structured settlement you seek. If you are looking for a substantial reduction in your payments, you can negotiate the amount of the lump sum with your insurance company and receive a sizable discount on your payment amount. Remember, if you are unable to secure a lower payment amount, there is no need to lose sleep because there is always a way to reduce your payments and still be satisfied with a large payment. using a structured settlement calculator will help you obtain an idea of what could happen if you did not receive a lump sum.