There are many reasons why structured settlements are good options for people who are due to receive a sum of money. Whether you’ve been successful in a lawsuit, or won the lottery, there are advantages to receiving periodic payments in increments.

The Benefits of a Structured Settlement Annuity

One of the most significant benefits of a structured settlement annuity is security. This financial arrangement can give you peace-of-mind that you will not spend your money too quickly and outlive your funds.

A Steady Stream of Payments

Structured settlements can also offer a steady stream of payments that may be free from income tax. It is also possible to incorporate flexibility into your payments to meet your needs, including strategies to defer payments instead of receiving them right away, as well as varying the amount of payments you receive later in life.

The Benefits of a Lump Sum Settlement

However, many people enjoy the financial freedom and enhanced flexibility of receiving a lump sum settlement and managing their own finances. This is especially beneficial if you experience an unforeseen emergency or opportunity and have access to the money you need when you need it. Managing a lump sum of cash on your own though requires a high degree of financial responsibility and experience.

The Option to Sell a Structured Settlement Payment

Many people who are receiving structured settlements experience changes in their financial situation over time and suddenly have a need for cash right away. For example, if you or someone in your family should fall ill, or your home suffers damage from a natural disaster you may need access to funds immediately. In such instances, there are many things to consider before you sell any portion of your structured settlement payments in order to deal with emergencies and avoid unnecessarily falling into debt.


A Personalized Consultation

Whether you need to sell all or part of your structured settlement payment(s), our team will personalize a solution to suit your needs. Selling future payments for upfront cash is a major life decision that we don’t take lightly, and neither should you. Contact us today at

for a free consultation to learn more about your options and get the extra cash you need now.

*Novation is not a financial advisor or consultant and strongly recommends that you speak to a lawyer or accountant before making any significant financial decisions.