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Is It Time to Sell Your Structured Settlement for Cash?

Lifestyles - Tue, 09/30/2014 - 13:36
Five words or less

(NewsUSA) - It seemed like a good idea at the time.

Maybe you were in an auto accident, and for whatever reason -- taxes spring to mind -- you agreed to forgo a large, lump-sum payout from the other driver's insurance company in favor of small periodic payments. Or maybe your child was born with a birth defect that Big Pharma was held legally liable for, and all you could think about was making sure the money to care for him would be flowing in for decades.

Whatever the case, you've decided that "structured settlement," as it's called, no longer works for you.

Now what?

"Sometimes cashing in is the only option," says Bankrate.com. "That $500 monthly payment from an accident in 2002 may have helped with the medical bills early on, but if the beneficiary has now lost his job and is on the verge of losing a home, a lump-sum payout of $50,000 may seem quite enticing."

In fact, an estimated $6 billion in structured settlements are bought or sold in any given year. Not all players are alike, though, so you'll want to be sure you don't just automatically call the 1-800 number you saw in some come-on TV ad.

One new web-based entry in the field, SellMyAnnuity.net, stands out for the care it takes to make the process utterly transparent for potential sellers. It's not just that it provides hundreds of examples of past sales -- including six-figure ones -- to give you an idea of what to expect before requesting to be contacted by an agent. No, it actually features PDFs of signed court documents.

Did you get that? PDFs. Of. Signed. Court. Documents.

"We're committed to providing more information about structured settlement annuity sales than any other company in the industry," says Todd Albert, SellMyAnnuity's chief technology officer. "And we'll help people determine whether they should sell, how many payments they want to sell, and of course make sure they get as much money as possible as fast as possible."

The website also explains how various federal and state laws exist to protect you from doing anything foolish. Chief among them: Even after you've accepted an offer, a court judge who's heard your reasons for trading future payments for an immediate lump sum must confirm the sale is in your "best interest."

"You can't turn a structured settlement into cash just because you'd like a new car," says Albert. "But things like buying or repairing a home, starting a business, funding a college education and paying off debt can be acceptable."

Pest Proof Now to Protect Homes for Winter

Lifestyles - Tue, 09/30/2014 - 13:34
Five words or less

(NewsUSA) - As the cold winter months quickly approach, people won't be the only ones huddling inside for warmth. The National Pest Management Association (NPMA) encourages homeowners to take steps to prevent pests like cockroaches, rodents and nuisance wildlife from making your home their winter getaway.

Winter invaders such as cockroaches, mice and rats present considerable health threats to family members. Cockroaches carry bacteria and other kinds of human pathogens, contaminating food surfaces and potentially triggering asthma attacks in children, and with 24 percent of homeowners reporting mice infestations specifically in the winter, they are among the top pest issues of the season. Most rodents only need a space the size of a quarter to enter a home, and once inside, they can cause considerable damage and pose serious health risks to people and structural damage to homes, as they are known for chewing through electrical wires and wallboard.

Nuisance wildlife such as raccoons and squirrels can also be an issue in the colder months and may present a unique set of dangers due to their size and aggressive nature if they are frightened or feel threatened when trapped in an unfamiliar environment. Lastly, homeowners should check wood piles for ants and spiders that can often be hiding within.

Prevention is the best way to avoid an infestation during the winter months. NPMA offers these 10 important measures for homeowners as the temperatures begin to drop:

* Seal cracks and holes, including areas where utilities and pipes enter the home.

* Screen vents and openings to chimneys.

* Keep attics, basements and crawl spaces well ventilated and dry.

* Replace loose mortar and weather-stripping around the basement foundation and windows.

* Keep tree branches, shrubbery and ground covering well trimmed and away from the house.

* Store firewood at least 20 feet away from the house and five inches off the ground.

* Store boxes off of the floor to prevent rodents from residing in undisturbed areas.

* Repair fascia, soffits and rotted roof shingles, as some insects are drawn to deteriorating wood.

* Store garbage in containers with lids.

To find a pest professional or learn more about how to protect your family from the diseases and dangers of pests, visit www.pestworld.org.

World loses over half its wildlife

CNN World - Tue, 09/30/2014 - 13:29
The world's animal population has halved in 40 years as humans put unsustainable demands on Earth, a new report warns.
Categories: International News

Olive Garden food flunks CNNMoney taste test

Business News - Tue, 09/30/2014 - 13:12
When a big hedge fund released its scathing takedown of Olive Garden's food, we couldn't resist weighing in. Is the food that bad?

Once-massive Aral Sea dries up to almost nothing

CNN World - Tue, 09/30/2014 - 13:09
The Aral Sea was once the world's fourth-largest lake. Now much of it is a vast toxic desert straddling the borders of Kazakhstan and Uzbekistan, two former Soviet states in central Asia.
Categories: International News

Shrewd investor Carl Icahn is killing it

Business News - Tue, 09/30/2014 - 13:07
Love him or hate him, Carl Icahn's streak just got hotter.

The Internet is broken

Business News - Tue, 09/30/2014 - 13:06
We helplessly rely on the Internet for everything, yet it is riddled with holes and glitches.

Investors will feel hangover once Silicon Valley sobers up

Business News - Tue, 09/30/2014 - 12:30
Silicon Valley is partying like it's 1999, but there's a growing realization the good times can't last forever.

Mother pulled over with baby in trunk

CNN - Tue, 09/30/2014 - 12:25
A Florida mother loses custody of her baby son after police say she had him placed in the trunk.
Categories: National News

People are now bending iPhones in Apple Stores

Business News - Tue, 09/30/2014 - 12:25
Read full story for latest details.

Spears' new bob

CNN Entertainment - Tue, 09/30/2014 - 11:41
Categories: Entertainment News

ISIS recruiting tactics: Apple pie and video games

Business News - Tue, 09/30/2014 - 11:34
Read full story for latest details.

Bynes arrested on DUI charge

CNN Entertainment - Tue, 09/30/2014 - 11:26
Amanda Bynes has hit rough road yet again.
Categories: Entertainment News

Sir Ben Kingsley, the pop star?

CNN Entertainment - Tue, 09/30/2014 - 11:26
John Lennon and Ringo Starr once urged Sir Ben Kingsley to be a rock star, but the actor chose the acting route instead.
Categories: Entertainment News

Bank to pay everyone at least a 'living wage'

Business News - Tue, 09/30/2014 - 11:05
Read full story for latest details.

U.S. has already spent nearly $1 billion fighting ISIS

Business News - Tue, 09/30/2014 - 10:34
The first wave of U.S. military attacks against ISIS has cost nearly $1 billion, according to a military think tank.

DNA links suspect in Hannah Graham case to 2 missing women

CNN - Tue, 09/30/2014 - 10:31
DNA evidence links Jesse Matthew, a suspect in this month's disappearance of University of Virginia student Hannah Graham, to the death of Virginia Tech student Morgan Harrington, who disappeared in 2009, a law enforcement source told CNN Monday.
Categories: National News

Risk of third German recession pressures Europe

Business News - Tue, 09/30/2014 - 10:24
Germany risks slipping into its third recession since the global financial crisis, piling pressure on Europe to do more to stimulate its stagnant economy.

Piers Morgan's new job: Daily Mail U.S. editor-at-large

Business News - Tue, 09/30/2014 - 10:19
Former CNN anchor Piers Morgan will soon be writing for the American web site of the British tabloid the Daily Mail.
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