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How Can I Buy, Invest, or Acquire Structured Settlements in the Secondary Market?

A structured settlement is a payment made to an injured person on a regular basis, either monthly or yearly, over a period of years instead of a one-time payment when a lawsuit gets settled. Settlements like this usually result from wrongful death, personal injury, or medical malpractice claims. For the recipient of settlement payments, who are often referred to as annuitants, the fixed payment schedule has many benefits but also has several drawbacks. Once the individual agrees to structured settlement payment arrangement or annuity, he or she is locked into it in terms of the schedule – they cannot alter the structured settlement payment structure in any way. While the structured settlement may work in the short-term, the illiquidity of the settlement payment schedule provides no flexibility as his or her financial needs change over time.

Over time several companies have come into existence that will provide structured settlement payment recipients with a large lump sum in exchange for some or all of the annuity payments. Essentially, the recipient of the settlement, who has an immediate need comes to an agreement with these companies to accept a lump sum payment today instead of waiting years and years for the payments to become due under the payment plan. The reasons a person wants to sell some or all of their annuity payments for immediate cash vary greatly.

Many of these companies that originate “structured settlement transactions” are brokers that match the settlement recipient with an investor. In recent times, private individual investors, as opposed to institutional investors, have shown more and more interest in acquiring these types of payments in this secondary market. In many cases it is an attractive opportunity as a structured settlement acquired from the secondary market can pay a better return than a similar annuity.

While purchasing settlement payments in the secondary market can be desirable for an investor, due diligence is required. From the perspective of investors, the critically unique aspect to contemplate in acquiring this type of investment in the secondary market is the quality of the brokering company’s underwriting and its compliance with the various applicable federal and state laws. Compliance with the legal framework in this area is essential in order to ensure that the investment pays in the future, so the brokering company’s experience with these types of transactions becomes very important. Ensure that the brokering company has experience with the state’s laws since they do vary from state to state.

5 Contemporary Trends to Contemplate for Every eCommerce Business

With every business realising the worth of digital presence to outperform their competitors, eCommerce sites have come forth as an indispensable part of their marketing strategy. Well embellished online stores are in fact helping businesses to grab more customers than that of their physical storefronts and earn affluently. However, to remain on the top of the search rankings, it is imperative for every online business to keep their shopping sites updated by grasping the latest trends surrounding the eCommerce area. By deploying Magento, one of the most advanced and unrivalled eCart solutions trending now, one can easily embrace the following trends ushering in eCommerce at recent times.

Mobile responsiveness

Mobile devices including smartphones and tablets have preoccupied today’s generation with advanced elements like location-tracking, bigger screens, enhanced searches, etc. Subsequently, people are seeking options for buying things through their mobile phones with just a tap of their fingers. Thus, realising the dominance of mobile devices in internet browsing over desktops, most eCommerce sites are making mobile responsive websites and apps that are equally functional as their desktop versions.

Chatbots

Chatbots, primarily available in social networking platforms like Facebook, WhatsApp, has now become prevalent in eCommerce sites too. It is an automated messenger system facilitating the interaction between the two ends, customers and the brand. With these chatbots, eCommerce companies are instantly helping their visitors or customers in many ways, from booking an order or answering product related queries, to customer support services.

Digitalisation of payments

While many new entries of payment gateway services are witnessed in the area of digital payments, swift and cashless mobile payment will be simplifying the shopping experiences further. With merchant services from authorised providers like PayPal, Amazon Pay, Braintree, Authorize.Net, eCommerce retailers are integrating online payments system in their sites and empowering the shoppers to pay and check out in just a minute. Thus, relieving the buyers from the hassles of paying in cash money, digital payments will get a major boost by almost every eCommerce store now.

Personalisation of shopping experiences

While mass personalisation was prioritised in eCommerce earlier, now it’s the time to offer fully personalised experience to the customers. There’s no more hovering over the concept of “one-size-fits-all’, but there is need for implementing serious tools for targeting customers individually. Relevant product recommendations based on earlier purchases, offers on carts, exclusive discounts on birthdays, discrete delivery charges based on locations, are some instances of the modern-day approach of personalisation in eCommerce.

Voice search gaining prominence gradually

The prime concern behind fostering voice search in eCommerce is eliminating all the confusion from the shoppers’ minds and providing them with the easiest way to buy things. While there’s a long way to go for the eCommerce sites to integrate voice search feature, but once implemented it will evidently lead to enhanced customer interaction, more traffic and assured conversions.

Needless to say, online counterparts of the retail businesses are working as great catalysts by spurring up their sales overnight with the targeting of more segments among the audiences. These discussed trends are predominantly shaping up the future of eCommerce which calls for retailers to adopt them in their prevailing business strategies to stay ahead in the race.

Protect Your Investment With Title Insurance

Real estate title insurance is an important safeguard when purchasing a property in the United States. That is why it is important to understand what it is and why you need it.

Title Insurance Protects Your Purchase

Simply put, title insurance protects your investment. It works just like any other type of coverage by protecting you from the unexpected. In this case, it protects against unexpected claims, or liens, that occurred before you took ownership.

Prior to closing on the purchase, a real estate title company will perform a search to make sure the property is free and clear of liens. This takes place after you’ve provided your escrow funds to the escrow holder. Escrow funds may be held by the agency, if they provide that service.

Whatever is found during the search is then summarized and included on the policy. Generally, if something is found, the seller is asked to rectify it before the purchase is allowed to go through, but things can be missed or never turn up during the search. That is where this insurance steps in to provide protection for you. If a claim dating from prior to your purchase arises, this coverage will protect you from loss damages as a result of that claim.

This is different from almost every other type of coverage. It protects you from unseen events that occurred prior to taking it out. A policy will end on the date that it is issued and extend backward in time indefinitely. You only pay for it once. Property or life coverage, in contrast, protects you from unknown future events and is paid for annually.

Lender’s Vs. Owner’s Policies

Title insurance is required of just about every purchaser. If you are taking out a mortgage, the lender will require you to purchase a Lender’s Policy. This policy covers the mortgage provider for the cost of the mortgage. Although the purchaser typically pays for the Lender’s Policy, it does not cover the purchaser. For that, the purchaser will need separate coverage, the Owner’s Policy.

These policies are indemnity policies that protect against loss. Therefore, the Lender’s Policy protects against the lender’s loss while an Owner’s Policy protects the owner against loss. The owner will want their coverage to be for the full value of the property, not just the mortgage amount.

This all begs the question, “If a search has been done and comes up clean, why do I need this coverage?” In addition to being required by the lender, title insurance means peace of mind and protection. Without it there’s a good chance any claims against the real estate will result in some kind of loss for the current owner. With it, the owner is protected against these claims. For anyone making an investment in real estate, it is a small price to pay for this peace of mind.