Inheritances and Trusts
Structured Settlements
Funeral Purchase Assignments
Viatical Settlements
Inheritances and Trusts are a form of Insurance-based Income Streams that are quite common. Many people don’t realize they can sell these to their advantage. For instance, say Great Aunt Penelope dies and leaves you $40,000 in an inheritance. It will take months, and possibly years, for this to go through probate, etc, depending on who is contesting what. Your Cash Flow Specialist will be able to put you in touch with a Funding Source that has legal resources to find out about how long it will take, and they will buy your inheritance. You will get a lump sum of money now to invest or vacation with, and the Funding Source will wait for the court hassles.
Parents close your eyes, and don’t show this next paragraph to your kids. Say you are 18 years old, and Great Uncle Charlie leaves you money in a Trust, with the stipulation that you can’t touch it until you are 21 years old. However, you need the money for college now or something equally responsible. Contact your Cash Flow Specialist, he will put you in touch with a Funding Source that can get you your lump sum money now, and he will wait until you are 21 to get his money. You pay for college, (take a trip to Mardi Gras, are your parents’ eyes still closed?), or invest in a business, all before you turn 19.
Structured Settlements can also be sold. If Larry was injured, and won a settlement in a court case, he may be receiving monthly payments over a period of years, or possibly for the rest of his life. Larry could sell a portion of those payments for a lump sum now to reinvest, or get some special medical treatment, and rehab equipment. A Judgement would work much the same way. If you receive payments in a Judgement case, you can sell those payments for cash now.
Funeral Purchase Assignments are Income Streams that can be sold for cash now. Many times a Funeral Director will take his payment out of an insurance policy rather than demand cash up front. (Contrary to popular belief, Funeral Directors are NOT out to gouge people in their moment of greatest hurt.) This is a compassionate thing for the Funeral Director to do because everything he does is on a cash basis. He pays for caskets, police escort services, limousines, cemetery fees, etc, all in cash. A casket company can’t repossess a casket that is in the ground. Police Escorts can’t put a lien on a burial, etc. They all demand payment in cash. So, if the Funeral Director waits to be paid by waiting for the policy to fund, he can be put in a bind. Say he has several cases in a short time that can only fund when the insurance policy funds, the Funeral Director may experience a cash flow problem. If you are a funeral director or work for one, contact a Cash Flow Specialist. He can direct you to a Funding Source that will buy up your Funeral Purchase Assignments, give you cash now to meet your needs and help your clients.
Viatical Settlements are an increasing source of cash flow for people who are unfortunate enough to need it. My heart goes out to people who find they have contracted terminal Cancer, AIDS or some other terminal condition. If you find yourself in this situation be very careful in your selection of a Cash Flow Specialist and a Funding Source. Unfortunately, there are some out there who will take advantage of those in need, but a qualified, compassionate Cash Flow Specialist will have a list of Funding Sources that will be able to help you out. Say you had a $500,000 life insurance policy. You could sell off part of that policy to take a final trip with your husband, wife, or family to make some lasting memories. Maybe you want to try a treatment that is not covered by your insurance company. Your Life Insurance Policy can be a source of health care and medical attention now that could save your life or at least make it more comfortable in your last years. Again, I am sorry if you are in a condition where you need to take advantage of this. But rest assured, there are professionals who will help you to get the most out of your insurance policy and your life.