What Is a Structured Settlement program?
In its most general sense, the term Structured Settlement program means when a person as a plaintiff agrees to settle down a case with the defendant & the defendant agrees to pay future payments in installments to avoid legal actions against him. Sometimes in the structured settlement program, one or more annuities are purchased to assure the future payments to the plaintiff. It is seen that most of the cases, this program is used for settling a legal claim of the victims against a personal injury.
A structured settlement program can give you the future payment in your desired schedule; For example, the settlement amount can be paid to you in annual installments or can be paid to you in a period of few years with a lump sum amount, which ever you chose.
Benefits of Structured Settlements
This settlement program will give you some good benefits which will help you to reach your goals much better. Unlike some annuities which will normally generate taxable amount of interest, both the principal and interest amount generated from annuities in this program are totally exempt from taxation whether it will be federal, state or local.
This settlement program can be tailored specifically to fulfill your future needs. Sometimes people do not value their funds, & shared the wealth between his different luxurious usage, and for that reason even a large amount of settlement can be rapidly exhausted. Structured Settlement program can help you to meet your different needs in future in a specific way. For Exp:
* In future college payments like fees, book, instruments etc.
* Fulfill future medical needs like surgeries, regular check up costs.
* Retirement income
* Future living expenses. Etc.
You can customize the future payments working-out the plan with your plaintiff-loyal settlement planner to meet your financial crisis, whether it is short-term or long-term. Your Structured Settlement program can customize the settlement amount in lump sum payments, monthly payments, periodical payments whether it will be annual or every few years, or combination of the all payment structure you desired.
Remove second mortgage in bankruptcy
Most of us don’t have the idea that if we want, we can remove second mortgage in bankruptcy along with eliminating all our unsecured debt like credit card debt. But the fact is that if you bought your home in the last 3/4 years; with a finance of 80% mortgage & 20% second mortgages, or if you have taken out a second mortgage, it is possible to remove your second mortgage liens from your home through chapter 13 filing chapter 13 bankruptcy.
According to U.S. Supreme Court, under a decision in 1992 called Dewsnup v. Timm, removal of second mortgage or stripping the lien [also called “strip down.” Or “cram down”] can be done only in a Chapter 13 bankruptcy.
It will be possible when the actual value of your home drops below than the total loan amount or the first mortgage deed of trust, the second mortgage becomes totally secure, & that can be negated through filing a Chapter 13 bankruptcy.
If the value of your home is less than the loan amount, you need to file for approval of the court to remove second mortgage in bankruptcy. The mortgage company might appeal against your filing; in that case there will be an evidential hearing & a adversary complaint. If the court verified that the market value of that particular asset is lower what is owed on the first mortgage, then the 2nd mortgage will be "stripped" & the debt with the 2nd mortgage will become unsecured debt.
to be continued...
Debt Quotes: an overview
You can find many companies that can help you to settle off your debt, which is one of the main reasons for the people; who choose to evaluate their debts & wanted to consolidate. But it is hard to tell which companies will do a good job & which is not. Not all debt settlement service provider companies will provide you a better interest rate along with a good debt settlement program. There are only a few companies which will provide you that kind of service. You will get a better chance to choose the company for settlement of your debt by getting debt quotes that is perfectly suites your needs.
Requesting debt quotes online :
People had to do a lot of work for getting a quote in old days. If anyone wanted information regarding a debt settlement plan, they had to make calls to the company’s help desk & ask for debt quotes. This would only take a lot of valuable time & resources. But at present, the scenario has been changed a lot. At present, you can get instant quotes from all available debt settlement companies by using internet. This way, you can compare the quotes given by each & every company, all aspects side by side. You will get the clear idea which company is actually giving you the best deal by saving the most money. It is natural that the each consolidator will offer you the best option to get your business by researching prices & providing debt quotes in a organized manner through online.
Process of getting a proper quote:
The consolidator will give you offer to settle your possible unsecured & secured debt, by paying off with one monthly payment which you can afford. The interest rates of each debt quotes will vary from one consolidator to other. By choosing the right consolidator you can reduce your total debt by at least 50%. To avoid paying too much money against your debt, compile a list of at least three or four consolidator agencies before making the final decision. Do not provide any personal info except your monthly payment amounts, total balance & desired interest rates. The best consolidator will give you the total view of the rates and terms. After getting all of your debt quotes, take your time to judge & select the perfect quote & the company who offered it. Last but not the least, before contacting the company, always verify the present status of that company with your state's Attorney General.
Advantages of health insurance
At present it is well known to all that for individuals and families, health insurance is very important. You will get the advantages of health insurance in sudden medical emergencies. It is seen that the cost of health care is increasing year by year in the United States of America.
The advantages of health insurance are clear; that it provides you the means to take a good care of yourself along with your family without being worried about any cost regarding health care. So, today we are going to discuss about the most common & attractive advantages of health insurance which we are opting.
You will find the most common advantages which a health insurance serves are:
* Medical costs will be decreasing – The total cost occurred during any medical treatment will be served by the insurer, so you have to pay less than usual.
* Routine medical checkups and regular health care – If you have health insurance policy, it will give you that much of financial support that it will be easier for you to get regular medical checkups.
* Choice of specialist doctors – you can chose specialist doctors without being worried about the charges.
* Possible scope of hospitalization and treatment – Most of the health insurance companies had a tie up with the big medical center’s & hospital. According to their agreement the policy holder will get 1st privilege treatment & care. This will include shorter waiting time for surgery, choice to be treated in a private ward etc.
The big next question is who will be the most benefited by the advantages of health insurance?
It is commonly seen that a particular type of people may have the most benefits from health insurance. the factors given below:
- Age - It is proved that older people will be most beneficial after getting a health insurance.
- Responsibility of a family - For your child's safety from uncertain incidents, health insurance is needed.
- Sports persons- people who are engaged in regular sports activity, & participation, will also be benefited as the risk factor of getting injured is much higher. people who loves bungee jumping and rock climbing might be needed private cover.
- Poor health condition- People having poor health should get private cover.
