Economically, the key question to
ask on a lump sum versus a stream of payments is what you would have to earn to replicate the stream of payments.
Not exact matches
When you
ask the creditors to let you pay a
lump -
sum instead of the full balance you owe
on the debt, it is known as a «full and final settlement offer».
This means that you
ask the creditors to let you pay a
lump sum instead of the full balance you owe
on the debt.
If you have a
lump sum that is less than the full balance you owe
on your debts, you can
ask your creditors to accept the payment and write off the rest of the debts.
As a further note, I'm
asking this now because I plan to make a
lump sum payment into the loan from my tax refund, but have held off
on doing so until I know whether or not it would be wise.
Debt Negotiators may
ask you to get your hands
on a
lump sum and using this amount to offer in negotiations.
The other questions are ones to
ask the insurance company as there could be terms for taking an annuity initially and then converting to a
lump sum or setting the terms
on how often the annuity pays out.
Your creditor may or may not agree to do so, but it's worth it to
ask, especially if you're planning
on paying a
lump sum.
Few companies
asks same premium amount irrespective
on the type of payout, but some companies may offer a lower annual premium when you opt for a
lump sum benefit as compared to the staggered monthly payouts.
He explained the difficulty and
asked Tesla to sell his patents to him for a single
lump sum, to which Tesla agreed, forgoing what would have been a vast fortune had he held
on to them.