Selling My Annuity – Sell Annuity Payments
Do You Need Cash Today for a Major Purchase or Financial Burden?
Did You Know That You can sell your annuity payments or structured settlement for Immediate Cash Now?
Those relatively small payments that you receive from your annuity can be converted into a large sum of Cash.
An annuity is most commonly used as a retirement strategy to ensure a fixed and stable income. Usually an annuity refers to a contract between an individual and a company (most frequently a life insurance company, however, a charity, or a trust can also be involved) which allows the individual to accumulate tax deferred funds for retirement.
Annuity’s have been around for over 200 years operating in the following way: An individual makes a financial investment into the annuity, and at some future date or series of dates the annuity pays out to the individual or other beneficiary.
How Do I Sell My Annuity?
There are companies, institutions and private investors who do nothing but purchase annuities, structured settlements and other cash flows at a discount from individuals just like you.
The top annuity buyers will compete to purchase your annuity payment stream by making “no obligation” offers of what they are willing to pay.
You need to get all of the paper work together regarding your annuity because you will need a lot of that information to go forward with selling your annuity.
How much of a discount will I have to take when selling my annuity?
Annuity buyers use various guidelines when calculating annuity cash payouts. That’s why it is important to get multiple offers.
People often ask:
Can I sell my annuity?
The answer is YES
Can I get immediate Cash for my Annuity?
The answer is YES
Can I sell my annuity in full or just a portion of it?
The answer is Both
How long will it take to get cash for my annuity?
The answer depends on the following:
Who owns the annuity?
What state does the annuity holder live in?
Benefits of an Annuity:
Annuities are Tax Deferred
Annuities are not susceptible to probate
Annuities can provide a guaranteed income over a period of time, or for a lifetime
Why Sell Your Annuity?
Let me ask you a question: Which would you rather have, the $50 in my left hand or the $100 in my right hand?
What if you had to wait seven years for the $100, but you could have the $50 right now, which would you rather have?
The $50 of course!
The simple fact is that the longer you have to wait for your money, the less value or buying power the money has due to inflation and economic conditions.
Immediate cash is more valuable than money in the future!
There are 3 Basic reasons why people sell their annuities and other cash flows:
1. Access
People need or want immediate access to their cash. Sometimes they have a serious need, such as to pay off high interest credit card debt or for an emergency. Other times they want access to their cash in order to buy a new car or a dream home. In some cases individuals want access to their cash for “peace of mind.”
2. Inflation
Inflation eats away at the future “buying power” of your money. You can buy more with a dollar today than you will be able to 5, 10, 20 years from now. People sell their income streams, (promissory notes) because they realize that over time, the payments that they receive will drop in real value. Can you remember what movie tickets cost 10 years ago?
3. Interest or Yield
People will sell their income streams, because they know that with a lump sum of Cash in hand today, they can start earning a Higher interest of yield. It doesn’t take a “rocket scientist” to know that investing a lump sum of money will net a higher return than trickling a small monthly amount of money into that investment.
The Top Reasons That Most People Sell Their Annuities:
Liquidate Assets in a Divorce
Medical Expenses
Generate Cash to Meet IRS Obligations
Divide an Estate Among Heirs
Pay Off Debts
Pay Debts in a Bankruptcy
Generate Cash for Loss of Job
Create Cash for Investments
College Tuition
Travel
Enjoyment
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