What is a Pension Advance?
According to data provided by the US Department of State, most retirees are dependable on the pension that they earned while devoting the majority of their life to the work force.
Chances are if you were a teacher, firefighter, police officer or an employee of the government – you have some type of pension plan. These plans can vary in type and can cover people for 10, 15 and sometimes 20 years. In some cases plans can cover the beneficiary’s life!
Most pensions are paid out to beneficiaries on a monthly basis. This payment structure is great for those who can afford to live month to month without any issues. However, life happens. “Life Happens” can be something good like wanting a new home in a warm climate, or traveling like you planned to do when your retired…OR…unfortunately it can also be something bad like unexpected bills, medical emergencies or perhaps day to day survival when it comes to buying groceries, prescriptions and keeping the heat on in the winter time.
At the end of the day, you worked very hard to not have stress during your retirement. If the monthly payment structure is not working for you then you can turn to a pension advance!
What is pension advance?
Simply put; A pension advance is a way for you to tap into your pension that is currently occurring monthly and get a lump sum of cash so that you can do what you want with it! This process allows you to control your own retirement and live life by your rules instead of sitting and waiting for a check each and every month.
What types of pensions qualify for a pension advance?
- VA Disability
- Lottery Payouts
- Structured Settlements
- Police Officers
How long does the process take?
The process does not take long at all. As a matter a fact, you could have cash in your hands in as little as 2 weeks!
It is important to consider your situation carefully. Think about what you want out of your life. Whether your reasons for a pension advance are to get more out of life or to relieve some financial burdens, it is your right to receive your funds as you deem necessary.
We highly recommend that you take advantage of our free consultation on the matter. Fill out the form below and one of our pension advance specialists will be in contact with you to hold your hand throughout the process.