How to Use a Structured Settlement Calculator
A Structured Settlement Calculator is now available on the Structured Settlement cash site. The online cash paying calculator offers an estimate of exactly how much a person ”s structured settlement would be worth in today” s market. Roger Byrne, global head of SSC is pleased to introduce this simple but extremely effective calculator. It is a simple to use, highly effective and in some cases quick to input data that determines the value of a settlement.
Most people who are involved in a structured settlement receive periodic payments from the original company that issued the annuity over a period of time. Payments could be in a form of regular payments, which are known as “interest only” payments, or they could be in the form of annual payments. The most common type of structured settlement is a structured annuity. With annuities, the initial payments are invested and received as a lump sum, and later the payments are dispersed to the claimant or beneficiaries.
Before investing in structured settlement payments, it is important to understand all the pros and cons of doing so. One of the major considerations is whether or not the annuity will be better valued by taking payments in the form of regular interest only payments. A structured settlement calculator helps to determine if the additional payments received through a factoring company will better suit the beneficiary’s needs than the initial payments received from the insurance company.
Another thing to consider when it comes to selling structured settlement payments is whether or not the lump sum received through a factoring company will be equal to or more than the actual payments received over time. This can be determined by using a Structured Settlement Calculator. By inputting information about the duration of the annuity and the actual payments received over that time, a calculator can determine if the lump sum is equal to or greater than the original settlement. If the answer is negative, the value of structured settlements should be less than the amount initially paid.
In addition to knowing the present value of structured settlements, it is important to know what the cost would be if the settlement was sold for a lump sum. A factoring company can advise the seller on how much money they should expect to receive in exchange for the structured settlements. Using a Structured Settlement Calculator can help a factoring company determine the true value of their payments.
It is important to use a structured settlement calculator for all purchases and sales that will result in future settlements. Doing so allows anyone to see at a glance if the deal they are entering into will actually pay out when they expect it to. The value of future annuities can be determined using a Structured Settlement Calculator, which is easy to use and provides accurate details regarding annuity payments. Anyone who enters into a financial agreement with a financial service provider should consider using a structured settlement calculator to ensure they are getting the best deal possible.