Annuity Payments

Annuity Payments

Annuity Payments

It is quite easy to confuse the terms of structured settlement and annuity. Both concepts have a few similarities but are still different. If taken at face value, it seems that a structured settlement and annuity are more similar. However, the concepts take their difference in terms of how the federal and state laws handle them. Both deal with financial issues but the rules vary for each one. In order to explain the difference between the two terms, let us first look at both separately:

Structured Settlement

A structured settlement is a financial arrangement that is negotiated between two parties. One of the parties is owed money to the other because of their wrongful doing. The money is proposed in order to compensate the victim. Instead of providing a lump sum, the party at fault will agree to provide the victim with periodic payments. How the periodic payments will be scheduled and how long they will be paid for is to be decided among both parties. The parties are provided with a consultant that will help them negotiate and agree to certain terms and conditions. On the other hand, a third party in the form of a structured settlement company will ensure that these terms and conditions are followed and the finding runs smoothly. In the case that the receiving party is in need of cash now, rather than wait for the periodic structured settlement funds, a third-party company can work with the court system to help one sell their structured settlement for an immediate lump sum. A structured settlement company also eliminates the hassle of the victim party constantly having to deal with it on their own. The consultant can use the structured settlement for buying an annuity from an insurance company for the plaintiff on the behalf of the defendant.


Structured settlements are arranged through courts. In comparison, an annuity is available through insurance companies or investment firms. Often, lottery winnings are counted under the same category. This happens when the winner decides to take the winnings as annuity payments instead of a lump sum. On the other hand, annuity cash acts as an investment. The owner will earn additional returns on the cash apart from the original amount. Annuities can have multiple beneficiaries as well after the owner has died. Moreover, an annuity can be divided into several types. Why Should You Know the Difference? As an owner of a structured settlement or annuity, you may not worry about the differences as long as you are receiving the periodic payments. However, many people may decide to sell their structured settlement or annuity or they may demand to see all the money before they retire or die. When you want or need to sell an annuity, you should really have awareness about the different laws that apply to both concepts. In some states, selling a structured settlement is allowed but the matter may become different for an annuity. Selling your annuity may become a complex process since, at times, you will face some legal hurdles.

How to Sell Annuity?

If you have only a layman’s idea about the concept of annuity, you should take professional guidance before you sell annuity. Many companies who deal with structured settlements also offer help to sell annuity. They have trained professionals who act as brokers. Your chosen broker should have extensive knowledge about the law. Find a reliable broker who has experience in providing reasonable and effective solutions to their clients in term of selling annuity.

Sell Annuity with We Pay More Funding

We Pay More Funding helps annuity owners sell annuity with a hassle-free process. We ensure to help our clients make their way through all the legal requirements and earn the cash they need immediately. You will be required to fill out a form that provides your contact information and describes the annuity you want to sell. Next, We Pay More Funding will search the best certified finders to get you the highest price for your annuity. We only work with reputable funding companies. It may take some time to find a good bid but we try to find it as soon as possible. You will be informed about the bid as soon as it is received by us. Next, it is your choice if you want to accept the bid. If you do accept it, We Pay More Funding will introduce you to the certified funder. The sales process will then begin. We Pay More Funding will provide you with a notary representative who will review the sales documents. You can call the representative at your home or any other location convenient for you. As soon as the transfer process is completed, you can receive your cash within a few business days. We Pay More Funding makes it easier to sell annuity. We ensure that you get a great annuity cash deal in exchange for your annuity payments. We have had clients with multiple financial issues that decided to sell annuity to meet their financial requirements. We understand the reasons people may want quick cash, and we help them get to that solution. With We Pay More Funding, you can sell annuity risk-free. Clients can trust us to find them only the most reliable and authentic funders, and can feel a peace of mind that they are in good hands.