Selling your annuity payments for a lump sum can help you make provision for capital intensive projects or some life circumstances. These include covering medical expenses, buying a home, buying or repairing a car, making divorce settlements, paying off debt, and more. However, so ensure that the annuity payment is sold quickly and for the right amount, it is vital to work with a reputable company. Anytime you decide to sell your annuity payment for a lump sum cash, We Pay More Funding is the ideal company to work with.
For several years, we have helped many individuals sell their annuity through a stress-free process. Our trusted experts will handle all the legal paperwork involved. Above all, we will help you sell your annuity payments at fast and the true value.
Can I Sell My Annuity Payments For A Lump Sum?
The simple answer to the question is yes, you can sell your annuity payment for a lump sum if you choose. While there is a possibility that the process can be smooth and hassle-free, selling annuity payments for a lump sum is always more complicated than signing up for annuity in the first place. This is an option to consider, however, if an annuity is no longer meeting your financial needs and you have an emergency or a better plan for the annuity.
When you want to sell your annuity for a lump sum, you will have some options to consider. A reputable annuity buyer will always offer you the option to either sell your entire annuity payments for a lump sum or sell just a portion of the annuity. Selling the entire thing means that you will take immediate cash for every benefit the annuity offers and forfeit it. If you decide to pay just a portion of the annuity, however, you will have immediate cash and also receive periodic payments at a future date.
How Can I Get Money For My Annuity Without Penalty?
An annuity is a special type of financial product. It is not like other investments that you can acquire and dispose of just how you want. It normally comes with strict stipulations and you may face some penalties when you act contrary to the stipulations.
If you stick to the stipulations of your annuity and wait for the payments to start coming when they have to, there are fewer chances that you will pay any penalties. If, on the other hand, you want to sell your annuity, there are possible penalties you may face. Most annuity contracts have a clause called surrender fees. These are the fees you will have to pay if you decide to surrender the annuity at any time and get a lump sum of money for it. This does not mean it is wrong to sell your annuity. Selling annuity is a legal process and working with a reputable company is paramount. This will help you avoid paying any penalty as you will be properly guided.
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Selling your annuity payments for a lump sum involves a lot of legal paperwork. Contact us today at We Pay More Funding to help you out. We guarantee you excellent services that give complete customer satisfaction.Can I Sell My Annuity Payments For A Lump Sum