Don't sell a structured settlement just yet

If you are in the fortunate position of having a term insurance policy and you are seriously thinking of selling this structured settlement, may I strongly suggest to you not to sell just yet?

My reasoning for this is simple: Even though times may be tough financially right now, I believe they will be getting a lot tougher soon. Hold off on this as long as you can and start learning to live with less.

The whole world will be learning to live with less soon enough and if you have a financial settlement that is structured to bring in income on a regular basis in the form of an insurance policy, you will be better placed than most.

On the other hand, if your structured settlement comes from a court case where you have taken a bad debtor to court and won a settlement, if you suspect this debtor is likely to fail should a bad economic environment get worse, then this type of settlement could be a good one to sell off for the best price obtainable.

Anyway, they are just my two cents worth for today :-)