If your are wondering how to earn cash on periodic payments that you are receiving, there are ways to work with a company and get paid for your periodic payments. Each company that you choose to work with may have different rates and terms, and it is always a good idea to search for the best one. Structured settlements are arrangements that a person may receive if they are an injured party and are getting payments from the insurance company.
People may decide that they want to sell their structured settlement for cash, and if so, there are companies that are willing to work with them and draw up a contract. Selling structured settlements is something that may be of interest to you if you do not want to have to wait for your payments, and prefer that you can sell it for cash.
When you are looking for a company to work with to sell your settlement, you should check with large companies, but you should also check with smaller companies in addition to the larger companies, to see what offers are available to you, and where you can go to get the best price. The more information that you get on your settlement options, the more educated decision you can make on when to sell it, how to find the best price, and what the terms of the sale are.
You can do a search online to find out the different kinds of companies that are available to give you offers and start looking through them until you find the best ones. Before you settle on anything that a company has to offer you, make sure that you compare it with other offers to make sure that it seems like it is right. Some companies may offer you a very high price, but then after you sign the contract, they may back out of their agreement.
If you are looking for structured settlement offers, you can do a search online and check out a few different companies, until you find one that seems to be the best deal for you. If the offer that they are giving you seems very high compared to other offers, you may want to stay clear of that offer. Some people end up getting into situations where they are forced to cancel a contract due to the company, and then it can take a while to get another company and enter in a new contract. Structured settlements do have the potential to earn you cash, and there are a lot of good companies out there to work with and make sure that you are going to be making a good choice on your settlement options.
Source
Monday, September 28, 2009
Monday, August 24, 2009
RI Debates More Dog Racing As Track Seeks An End
A last-minute fight over the future of greyhound racing at the Twin River racetrack and slot parlor could thwart a bankruptcy plan meant to protect the state's third-largest source of revenue amid a severe budget crisis.
House lawmakers planned to vote Friday on a bill forcing the bankrupt Twin River slot parlor in Lincoln to host 200 days of greyhound racing instead of the current 125 days, even as the gambling parlor and Gov. Don Carcieri want to scrap the unprofitable dog racing.
If a bankruptcy settlement cannot be reached, it could endanger $238 million in income the cash-strapped state expects to get from slot machines at Lincoln Park.
UTGR Inc., the owner of Twin River, sought Chapter 11 bankruptcy protection this week as it struggles to repay more than a half-billion dollars in debt. As part of a deal with Carcieri's administration, it wants legislative permission to end greyhound racing, which the company says loses $10.5 million annually.
While betters wagered about $150 million on greyhound races in 1990, that sum has dropped to around $13 million, according to state records.
Sen. Frank Ciccone III, D-Providence, said his bill would protect the jobs of more than 200 greyhound kennel owners and other workers in a state already facing a 12.1 percent unemployment rate. As a pressure tactic, Senate lawmakers have refused to take action on a budget proposal approved by the House until they get action on the dog-racing proposal, among others.
"Twin River with their investors, I have not seen any one of their investors lose any money," Ciccone said. "I don't see any foreclosure signs on their houses, and I don't see them wanting cash."
In fact, UTGR would lose its $300 million ownership stake in the gambling hall as part of the bankruptcy deal. Other lenders would be unable to immediately collect about $290 million in other debts.
Carcieri opposes any increase in greyhound racing since it would upset a bankruptcy settlement designed to protect the state's share of revenue from the video slot machines at Twin River.
Gary Sasse, Carcieri's director of administration, warned the legislation could result in what state leaders hope will be a structured bankruptcy case becoming a "protracted, free-all proceeding" and millions of dollars in lost revenue for the state.
Source
House lawmakers planned to vote Friday on a bill forcing the bankrupt Twin River slot parlor in Lincoln to host 200 days of greyhound racing instead of the current 125 days, even as the gambling parlor and Gov. Don Carcieri want to scrap the unprofitable dog racing.
If a bankruptcy settlement cannot be reached, it could endanger $238 million in income the cash-strapped state expects to get from slot machines at Lincoln Park.
UTGR Inc., the owner of Twin River, sought Chapter 11 bankruptcy protection this week as it struggles to repay more than a half-billion dollars in debt. As part of a deal with Carcieri's administration, it wants legislative permission to end greyhound racing, which the company says loses $10.5 million annually.
While betters wagered about $150 million on greyhound races in 1990, that sum has dropped to around $13 million, according to state records.
Sen. Frank Ciccone III, D-Providence, said his bill would protect the jobs of more than 200 greyhound kennel owners and other workers in a state already facing a 12.1 percent unemployment rate. As a pressure tactic, Senate lawmakers have refused to take action on a budget proposal approved by the House until they get action on the dog-racing proposal, among others.
"Twin River with their investors, I have not seen any one of their investors lose any money," Ciccone said. "I don't see any foreclosure signs on their houses, and I don't see them wanting cash."
In fact, UTGR would lose its $300 million ownership stake in the gambling hall as part of the bankruptcy deal. Other lenders would be unable to immediately collect about $290 million in other debts.
Carcieri opposes any increase in greyhound racing since it would upset a bankruptcy settlement designed to protect the state's share of revenue from the video slot machines at Twin River.
Gary Sasse, Carcieri's director of administration, warned the legislation could result in what state leaders hope will be a structured bankruptcy case becoming a "protracted, free-all proceeding" and millions of dollars in lost revenue for the state.
Source
Monday, August 10, 2009
Two-thirds got payment offer
MORE than two-thirds of the investors in Singapore who complained of mis-selling after losing money from the collapse of US investment bank Lehman Brothers, have been offered compensation.Out of 5,350 cases dealt with by financial institutions that sold the Lehman-linked structured products, a quarter saw investors receiving full compensation, said Senior Minister Goh Chok Tong yesterday.
The latest updates came from the Monetary Authority of Singapore (MAS).
Mr Goh, who is also MAS chairman, was speaking at The Association of Banks of Singapore's (ABS) annual dinner.
He said the financial institutions that distributed the failed structured products have generally reviewed investor complaints in accordance with MAS recommendations that they should not take an overly legalistic approach.
Three banks and one finance company told MAS that as at last month, settlements worth $105 million - on a no-admission-of-liability basis - had been offered to more than 3,600 investors of Lehman-linked notes.
Of the 5,350 cases dealt with and decided on by the financial institutions, 67 per cent had seen settlements offered, while investors in 25 per cent of the cases decided were fully compensated.
Ten financial institutions sold over $660 million worth of Lehman-linked investments to more than 10,000 investors, who bought Lehman Minibonds, DBS High Notes 5 and Merrill Lynch Jubilee Series 3 LinkEarner Notes.
Mr Goh said MAS had recently consulted the public on proposed regulatory enhancements to cover the sale and marketing of structured products to retail investors.
'Broadly, the findings from MAS' policy review and investigations show that financial institutions will need fundamental changes in both business models and mindsets to win back the trust and confidence of consumers. This is true not only in Singapore, but across the globe.'
Source
The latest updates came from the Monetary Authority of Singapore (MAS).
Mr Goh, who is also MAS chairman, was speaking at The Association of Banks of Singapore's (ABS) annual dinner.
He said the financial institutions that distributed the failed structured products have generally reviewed investor complaints in accordance with MAS recommendations that they should not take an overly legalistic approach.
Three banks and one finance company told MAS that as at last month, settlements worth $105 million - on a no-admission-of-liability basis - had been offered to more than 3,600 investors of Lehman-linked notes.
Of the 5,350 cases dealt with and decided on by the financial institutions, 67 per cent had seen settlements offered, while investors in 25 per cent of the cases decided were fully compensated.
Ten financial institutions sold over $660 million worth of Lehman-linked investments to more than 10,000 investors, who bought Lehman Minibonds, DBS High Notes 5 and Merrill Lynch Jubilee Series 3 LinkEarner Notes.
Mr Goh said MAS had recently consulted the public on proposed regulatory enhancements to cover the sale and marketing of structured products to retail investors.
'Broadly, the findings from MAS' policy review and investigations show that financial institutions will need fundamental changes in both business models and mindsets to win back the trust and confidence of consumers. This is true not only in Singapore, but across the globe.'
Source
Monday, July 20, 2009
Benefits of Purchasing Structured Settlement Annuities Directly from Original Annuitant
Whenever an individual annuitant, who is receiving periodic payments under a Structured Settlement, desires to sell some or all of their future payments for a lump sum of money, the cash flows are sold at a discount in exchange for the lump sum payment. This discounted Structured Settlement is then available for sale to the Purchaser. This manner of securing the payment streams at a discount directly from the seller is how the Purchaser secures very favorable yields. This transaction is normally facilitated by a financial broker on behalf of the seller (or annuitant) and the purchaser.
These structured settlements normally earn more than two times the yearly rates of Municipal or Corporate Bonds, Bank Issued Certificates of Deposit (CD’s), or Government Issued Treasury Securities. Investors can certainly purchase an annuity directly from an insurance company, but these Direct Annuity Investments are backed by the same insurance companies as the Structured Settlements arranged by a broker, and they are typically originated with large sales charges or commissions, and offer substantially lower yields.
The major benefits of purchasing these structured settlement annuities are:
1. Purchaser receives significantly higher yields than Purchaser can secure from comparable fixed rate investments.
2. Purchaser receives a fixed income over a defined period of time, based on the specific parameters of the purchased Structured Settlement.
3. Purchasers can aquire this asset to increase the yields in personal holdings, to maximize income at retirement, or to preserve principal for future years. They can be purchased by individuals, retirement plans, corporate entities, foundations, trusts, through investment clubs, or group investment accounts.
4. The Structured Settlement is backed or supported by annuity contracts issued by a rated insurance carrier. The insurance carrier that issued the annuity contract is state regulated and will generally have a Standard & Poor’s credit rating between “A-” through “AAA”.
5. Purchaser has control throughout the investment process; Purchaser receives assignment of the Structured Settlement payment rights directly from the seller through an approved court approval process, and the Purchaser receives the future cash flows directly from the rated insurance company that is obligated to make the payments. At no time during the lifecycle of the asset should the broker have possession, or control, of the Purchaser’s money.
Source
These structured settlements normally earn more than two times the yearly rates of Municipal or Corporate Bonds, Bank Issued Certificates of Deposit (CD’s), or Government Issued Treasury Securities. Investors can certainly purchase an annuity directly from an insurance company, but these Direct Annuity Investments are backed by the same insurance companies as the Structured Settlements arranged by a broker, and they are typically originated with large sales charges or commissions, and offer substantially lower yields.
The major benefits of purchasing these structured settlement annuities are:
1. Purchaser receives significantly higher yields than Purchaser can secure from comparable fixed rate investments.
2. Purchaser receives a fixed income over a defined period of time, based on the specific parameters of the purchased Structured Settlement.
3. Purchasers can aquire this asset to increase the yields in personal holdings, to maximize income at retirement, or to preserve principal for future years. They can be purchased by individuals, retirement plans, corporate entities, foundations, trusts, through investment clubs, or group investment accounts.
4. The Structured Settlement is backed or supported by annuity contracts issued by a rated insurance carrier. The insurance carrier that issued the annuity contract is state regulated and will generally have a Standard & Poor’s credit rating between “A-” through “AAA”.
5. Purchaser has control throughout the investment process; Purchaser receives assignment of the Structured Settlement payment rights directly from the seller through an approved court approval process, and the Purchaser receives the future cash flows directly from the rated insurance company that is obligated to make the payments. At no time during the lifecycle of the asset should the broker have possession, or control, of the Purchaser’s money.
Source
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