CBC Settlement Funding

Get Out of Debt by Selling Your Life Insurance Annuity

Wed, Aug 15, 2012 13:55 CET

If you have major amounts of debt, either from a credit card or borrowed against assets like real estate, you’re not alone. Recent numbers on debt levels carried by American families reveal that many of us rely on borrowed money to maintain a standard of living. For example, in June, the New York Times cited an estimate by the Federal Reserve that nearly 75% of American households owe money to creditors, and while the kinds of debt and amounts of these debts change (credit cards and student loans are two top debt types), the fact remains that debt, to most Americans, is very real. Even the

Selling an Annuity Payout Plan

Wed, Jul 18, 2012 18:56 CET

So let’s say, after a long, eventful life, your Uncle Bart passed away, leaving you with his fishing poles, a 1997 Buick Regal, and an annuity payout plan. You now have a way to get from point A to point B, and a few extra pieces of gear if you like to fish, but what about that other thing? Along with the natural grief of losing a loved one, there’s sometimes the consolation of receiving their gift — assets willed to you to help the next generation. Most people understand the

Structured Settlements: What is an Assignee?

Mon, Jul 16, 2012 21:29 CET

An assignee is someone who has been named as the holder of a specific contract or granted rights in specific payments when they come due. In some cases, a contract holder is someone who was named as such when the agreement was initially set up. In other cases, the contract holder, beneficiary or assignee can change according to a legal agreement to buy, sell or otherwise transfer a contract. Think of the assignee as the person “standing in the shoes” of the original person named in an agreement. For example, if the title on a piece of real estate is transferred into your name, you are

Structured Settlements and Personal Injury Lawsuits

Mon, Jun 18, 2012 20:36 CET

One kind of legal settlement that’s likely to be awarded as a structured settlement is a personal injury or wrongful death claim. Many of these kinds of legal settlements are set up to be delivered in scheduled payments over time. This can help a family deal with continual costs of care, loss of a breadwinner’s paycheck, or other long-term financial issues.