Do you need money? Do you need to pay for your medical bills? Do you need money for tuition? Maybe you are getting married soon. Do you want to bring your family in a long-delayed vacation? Or maybe it is about time you replaced that old, run-down car you have? Regardless of where you intend to spend your money, the fact is you need it. You can wait to win the lottery, but there is no certainty to that. You have a monthly income coming in consistently, but you just cannot wait that long to have enough for that large amount you need. You need the money, and you need it at this very moment.

What you can do is sell your periodic payments and convert them into a one-time lump sum. There are financial companies who offer this option. They would offer to purchase the rights to receive the structured payment every month. In return, you receive a one-time payment for a percentage of the amount you would actually receive. You can choose to sell the periodic payment as a whole or only for a limited amount of time.

As mentioned before, the reason why you would want to get a lump sum amount is because you need the money immediately. By getting the lump sum, even at a lower value than its total amount, you can use the money to invest it this year and yield larger amounts with interest next year. You can also consider inflation rates. In the next few years, the amount that you are receiving will not actually be as valuable as it is now. Getting the money now can actually give you more purchasing power even with the same amount a few years from now. Be sure to consult with experts first before you do anything.