Posts Tagged ‘annuity’

When Interest Rates go Up the Value of your Structured Settlement Goes Down!

Sunday, June 28th, 2009

You may have heard in the media in recent weeks that interest rates have bottomed and are slowly creeping back up.  

I believe that this is the beginning of a new cycle of incremental increases in interest rates over the next few years.

When interest rates go up, the present value of a person’s structured settlement goes down.  This is a simple truth.

As such, if you are considering selling your structured settlement, now is the time to get the best rate.

At Genex Capital we lock in your price quote for 48 hours so that you can have an opportunity to decide.  Once the 48 hour period has expired and unless we have made special arrangements with you prior, you must get a new price quote.  This practice becomes all the more important during a period of moving rates.

If you have received a price quote to sell your structured settlement but elected not to proceed, please contact one of our Customer Service Experts Toll Free at 800-348-3098 and they will be pleased to update your quote and explain the various options with you.

Tags: , , , , ,
Posted in General Information, Sellers | 1 Comment »

To Sell or Not to Sell your Structured Settlement

Saturday, April 4th, 2009

A structured settlement annuity (”Structured Settlement“) is designed to provide tax free payments to injured persons and/or their dependents so as to fund such things as  living expenses, health care expenses, education needs and other signficant financial needs over an extended period of time.

But times change, and so do one’s needs.  

You may now be in a position where you:

–no longer have the periodic expenditures you thought you may have.

–have credit card debt piling up accumulating interest charges of 25% or more annually

–may be subject to foreclosure proceedings on your home and in need to cash to protect the roof over your head

–want to fund an unexpected medical procedure or education program

–want to take advantage of low house values and buy a home for you and your family

–are concerned about the continued financial viability of the insurance company making your payments.

If you are experiencing one or more of the above concerns, then it is right for you to consider selling some or all of your structured settlement payments.

Both Federal and State laws make it possible for you to sell  your Structured Settlement without paying any taxes on the proceeds.  To do so you must complete a Structured Settlement transfer transaction with a company such as Genex Capital    whereupon we will arrange for a mandatory court approval process at our cost and have a judge determine that the transaction is in your best interest.

Before making a final decision, you should consult reputable transfer companies and get competing price quotes.  Not only is it important that you get a fair price for your Structured Settlement but you also will want to go with a company that has the strength and experience to be able to complete your transfer in a fast and efficient manner and you should not have to pay any costs associated with the transfer.

Ultimately the decision to keep or sell your structured settlement is a big step.  Take your time and carefully consider your options.

We at Genex Capital would be happy to assist you and answer any questions you may have.  You can call us toll free at 800-257-3110 and speak to one of our Customer Service Experts.

 

 

 

Tags: , , ,
Posted in Sellers | No Comments »

Welcome to the new look of GenexCapital.com

Saturday, March 28th, 2009

On March 27, 2009 Genex Capital launched its fresh new web look.

I welcome all of you who are visiting GenexCapital.com for the first time as well as all of our returning clients.

GenexCapital.com now has the following enhancements:

1.  Two new videos, one on the Home page that describes what we do, and one on the About Us page that describes who we are.

2.  Blog page that will be updated every Saturday by 7:00pm Eastern Time setting out newsworthy items that affect both structured settlement sellers and investors as well as other items of interest to the structured settlement industry in general.    The Blog link is found on the top of each webpage.  I would encourage you to visit our Blog on a weekly basis.

3.  A client login feature that enables you to post your structured settlement or other annuity securely onto our system and obtain a price quote to sell within as little as 2 hours.  You will be pushed an email informing you of our price quote as soon as it is available or you can log in at any time to retrieve the quote.  This feature also enables you to accept our price quote 24 hours a day and start the transfer process immediately.  You will be kept informed of the progress of your case to completion.

4.  Enhanced questions and answers section under our FAQs link.

5.  The Genex Capital Price Guarantee as set out under our Guarantee link.

6.  An Investor page that attaches the Genex Capital Buyers Guide, accessed through the Investors link at the bottom of each webpage.

We hope you will find the new website useful and we look forward to serving you and help you complete your transaction as quickly as possible.

Regards,

Roger Proctor, CEO

Tags: , , , ,
Posted in General Information, Genex Capital | No Comments »