Sell Annuity Payment

Absolutely. However, it is important that you decide how much money you need to determine whether to sell all or part of your annuities. Buyers of external annuity payments are ready to make offers to you.

An annuity can be sold whole or in parts depending on your needs. Many people sell their annuities because their financial situation has changed and they need money immediately instead of waiting for their scheduled payments. These needs can be a down payment on a house, paying for college tuition, or starting a business.

Selling an annuity is a major transaction that can have major financial implications, so it is wise to consult with an attorney and / or accountant before proceeding with the sale.

How do I sell my annuity?

Generally, selling an annuity is a fairly straightforward process:

After receiving your annuity details, we will send you a quote to purchase your annuity. You are not required to accept the quote and we will explain your various purchase options in the quote.
After considering our quote, if you would like to go ahead, you must select the appropriate option and we will begin the sales process.

We will work with you to produce and complete the necessary paperwork for the annuity sale. These documents include a executed copy of your annuity agreement and other related documents.

You will need to sign a sales agreement to authorize us to process the sale for you.

The insurance company that owns your annuity will receive the application for sale and supporting documents from us. In many jurisdictions, the court will have to approve the sale and will usually ask questions about your current health and whether you will be able to pay for your future expenses if you sell your annuity. Our representatives will work with you to guide you through this process.

After the transaction request has been approved by your insurance company and the court (in the event of a structured compensation settlement paid due to a personal injury claim).

How much money can I get if I sell my annuity?

The amount of the lump sum you will receive will depend on several factors such as the amount of your annuity, your payment schedule, and the discount rate. The discount rate determines the fee the company charges to make a profit on the sale and will directly impact the amount of your lump sum.

Also, it is a good idea to ask any potential buyer for a detailed breakdown of their quote to ensure there are no hidden fees and all charges are transparent. Since there are several factors involved in formulating a quote, it is a good idea to request quotes from several companies to ensure you have enough information to make an informed decision.

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