Yes, you can enjoy many benefits from going the structured settlement route, but there are many scenarios where it might make more sense to sell. For example, let’s say you or someone in your family has a medical emergency that is not covered by insurance. You receive a huge bill that you can’t afford to pay for.
Sure, that yearly payment may be nice, but if you have thousands of dollars in debt that you are on the hook for, it may not be the best use of your money. Instead, you can sell annuities all or some of your structured settlement payment, so you can take care of that debt and go on with your life.