Learn how to get lump sums for lottery and contest payments!
If you've won a prize in a lottery, sweepstakes, or contest, then you probably were paid with an annuity over 20 to 25 years. If you need cash to pay bills or consolidate debt, then structured settlement brokers can help you turn your prize payouts into money you can use..
Why
do lotteries, sweepstakes, and contests (like restaurant games) use annuities?
Because they can buy the whole annuity for less than the cost of the actual
prize. By stretching out the prize over years, they only pay pennies on
the dollar for the package, so a million dollars gets paid out in increments
of $50,000 per year. If you have a financial emergency, or want to invest
your money in something like a house, then you might need much more cash
up front. By finding out the right broker, you can get the best deal for
the money that is coming to you, with fast access to capital..
Notes and Special Information
Special note: always consult with an attorney or trusted advisor before accepting any cash settlement. Make sure that you will be able to pay for future expenses or the taxes that may result from your transaction. You may decide that keeping your settlement unchanged is the best long-term financial strategy. No part of this site should be considered financial or legal advice, as this website is intended to be for informational purposes only. We do not endorse or recommend any service, person, or attorney mentioned on this site or its advertising..