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For example, the structured settlement annuity could have been awarded when the accident victim was a minor, but now as an adult with a full time job they would benefit more from receiving a lump sum of money today. Sometimes there are very specific reasons why small periodic payments do not meet the needs of the structured settlement annuity recipient, and only a lump sum can help accomplish their goals.
Some of the reasons are: Buying or repairing a home. Use a lump sum to make a down-payment on your new home or make repairs to your existing home. Starting or investing in a business. Use a lump sum of cash as start-up capital for a new business or to grow an existing business.
641 Euclid Ave Lexington, KY 40502. Members Heritage Federal Credit Union. 440 Park Pl Lexington, KY 40511. PNC Bank. 3090 Richmond Rd Lexington, KY 40509. University Of KY Federal Credit Union.