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Lump Sum Pension: How Pension Loans Can Get You A Lump Sum Annuity
There are many people who qualify for pension loans, which allow them to get a lump sum annuity for immediate needs. A lump sum pension could help put a down payment on a new home, cover college fees or medical expenses, or help with business start-up costs or debt payments. They can help provide a lump sum annuity for short or long-term goals.
Pension loans are readily available for many types of career professionals. These include the military, police and fire, teachers, veterans, government workers, and company employees.
Legal finance companies cannot buy social security benefits or VA disability benefits. However, they can provide pension loans or a lump sum annuity against future pension benefits. A lump sum pension may not be right for everyone, but if cash is immediately needed, it is a viable option.
Companies that offer a lump sum annuity or a lump sum pension typically offer free, no-obligation estimates on how much cash your pension may qualify for. They should never ask for upfront fees; these companies make their money on the interest they receive or by offering you less than the actual value ...
... of your pension.
A lump sum annuity or a lump sum pension means that you will not receive future payments against which the arrangements for pension loans have been made. Pension loans work like any other loan - you will still receive your monthly pension but you will have to pay back your annuity or pension in installments.
It is important to understand that a lump sum pension will be much less than the total value of payments you would collect over an extended period. The larger pension loans are, the less you receive in the end. This works similar to the lottery where the winner can choose payments over time that are worth more, or a larger sum all at once that is worth less.
Pension loans also require you to pay interest on the loan. However, a lump sum annuity or lump sum pension can make a tremendous difference when you have immediate financial obligations. A pension is your money, even if it is due later, so the decision is ultimately yours. Pension loans give you the flexibility to access your money when you need it.
About Author:
We make a lump sum pension advance a quick and efficient process tailored to the unique needs of our clients. Our certified experts will help you take advantage of your annuity, pension loan or structured settlement; they will initiate the necessary court processing and manage the majority of the documentation for a quick turnaround, satisfaction guaranteed. For more information, visit www.lumpsum-pensionloans.com
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