"I would not hesitate to recommend this firm."
This is a summary of my life on how beneficial and smart to invest in a structured settlement annuity. I hope with this story it will help others to realize how important and beneficial it will be if you invest in the structured settlement annuity plan. It is truly a lifesaver, you never know what can happen to you later in life. I was granted a large sum in which I cashed a bit over half and the remainder was invested into the annuity. The money invested in the annuity was set to build interest before I could start getting monthly payments.
I remember before the settlement I would talk about how I would go back to school and invest the money responsibly, for example a house. Well, I was 21 years old, as soon as I had the cashed in amount in my bank account, I began doing the complete opposite. I quit my job and squandered my money; bought cars, went clubbing every night while buying drinks for all my so-called friends that I have not seen in years now. I went down this path for the next 2 years and realized I was running very low on money.
Now I found myself looking for work again, it was not easy with a 2-3 year gap in your work history. Found myself trying to sell everything I own just to pay the bills and eat a tuna can once a day. Then I finally got hired for a company that took me in, it was still hard since my paycheck barely supported my bills and my food intake did not increase as much.
Struggling for 3 years I finally received my first monthly check in the mail. Words cannot described what I felt that day. I was now able to eat, pay bills and save money. I then learned how to budget and use my money wisely. After saving a bit for a couple years, I was able to afford to pay my way through school then a few years later got married and re-enlisted in the military.
It is now 16 years after the settlement. I am now living comfortably well within my means with the military with a bright future currently continuing my education in mechanical engineering. I owe it all to God helping me to push through the bad times and I also owe it to Michael Rabinovich who was our broker at the time. It was his smart advice of investing part of the money into the annuity which continues for the rest of my life with 3% annual increase. If it would not have been for his knowledge and expertise, I do not now where I will be today had I never received that first check.
For those reading this story, please consider a structured settlement annuity, if I were to do it all over again, I would.
- Brian Nash