If you are someone who has an annuity, there may come a time when you start to think about selling annuity payments so that you can enjoy a lump sum of cash. You might find yourself in the face of large amounts of debt, you could have a new investment opportunity, or you want to buy a home or pay for unexpected medical bills. Selling all or a portion of your annuity could free up some money so that you have a bit more financial freedom to do the things that you want to do.
When you own an annuity, you are investing in an agreement for the financial stability that you want to have as a type of trust for the future or for your retirement. However, there are times when life can toss a curve ball your way and an annuity payment schedule can turn into a short-term answer for any unplanned expenses or long-term debt that you may have. This is why it is nice to have the option to sell all of or a portion of your annuity payments so that you can free up a lump sum to use immediately.
There are a number of reasons why you may want to sell your annuity payments, including:
Selling annuity payments can be different from one person to another. Owners have several options for selling payments, including selling a portion, selling off the entire annuity, or getting a lump sum amount. Before you sell your annuity, you need to seek out counsel so that you can be sure you make the right decision for your unique situation. Working with the best company in the field for selling annuities or getting structured settlement lump sums is a great place to start.
When it comes to the process of selling an annuity, after you seek guidance and determine what you want the sum for and what option is best for you, it is time to get a quote. Trained customer service reps will get you a quote to tell you how much you can get and all of the fine print involved. From there, a court date will be scheduled so that a judge can learn about your request and make sure that it is in your best interest to move forward.
Whether you have been thinking about selling your annuity payments for a long time or you have just started to do your research, you will see that working with us at WePayMore Funding will be the best place to start. We have a wealth of financial knowledge and have the customer service team you want on your side to help you make the right decision regarding selling annuity payments to get the result you are after. Our staff will be happy to give you a quote so that you can make some smart choices moving forward while looking for your lump sum payment.