Coral Gables, FL – Horizon Capital Solutions (HCS) today announced that it has expanded its Structured Settlement Purchase Program to 47 states.
We all know the great benefits to owning a structured settlement. Structured settlement annuities grow tax deferred and offer benefits of secure and guaranteed income. However, structured settlements are an inflexible product when life circumstance change. Unfortunately, structured settlement annuities do not offer the flexibility necessary when unexpected cash needs arise. The good news is that structured settlement payments can be sold for a lump sum of cash to help alleviate financial challenges or to take advantage of other opportunities.
According to industry estimates, there is over $110 billion dollars of structured settlements outstanding in the U.S. alone. In addition, only 5% of structured settlement payments have been sold. Many structured settlement recipients simply do not know that they have the right to sell all or portions of their future structured settlement payments and receive a lump sum of cash.
