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I've recently been researching the structured settlement (annuity) industry. It seems like as soon as someone has a guaranteed set of future payments, you will

by nirmel 10y ago

I've recently been researching the structured settlement (annuity) industry. It seems like as soon as someone has a guaranteed set of future payments, you will get structured settlement brokers reaching out, offering to buy out their future payments for a (often low-ball) lump sum today, and many will take it. Will you permit these kinds of side deals?

acgourley 10y ago
I assume this would be resolved by making BI payments immune from bankruptcy.
dustinmoorenet 10y ago
You can't sell your social security benefits, so I would guess the same restrictions would apply.
- stared 10y ago
  You can - by taking a loan.
  - nirmel 10y ago
    Right, often the guarantee of future payments can be treated as collateral to make getting a loan much easier. At a minimum it can be used to show proof of future income.