Sell Your Annuity Payments for a Lump Sum of Cash

Selling Your Annuity Payments for a Lump Sum of Cash

Are you considering selling your annuity payments for a lump sum of cash? There can be some very compelling — and financially prudent — reasons to do so.

If you would like to learn more about selling your annuity payments for a lump sum of cash, contact Structured Settlement Investments. We can help you determine if selling your payments is the best option for you and, how much your payments are worth.

Annuities Have Acquired Social Respectability

In our society, most of us have become accustomed to receiving regular periodical payments, usually in the form of paychecks. Paychecks are essentially periodic payments that meet commitments such as daily living expenses and mortgage payments. In contrast, most of us are unaccustomed to receiving large sums of money all at once. When a large sum of money from a personal injury lawsuit settlement, lottery win, or from other sets of circumstances, lands in their laps, some people make imprudent financial decisions. For these individuals, annuity payments are the best way to receive a large sum of money. Annuity payments are similar to salary; paid regularly, in a comparatively small amount.

Our government encourages the payment of large sums in the form of annuities to ensure the sensible use of such large sums. Governments also discourage accelerating the payments once they are agreed to. Why then would you want to consider selling your annuity payments for a lump sum of cash? There are a number of valid reasons to so.

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Compelling Reasons to Consider Selling Your Annuity Payments

Each person's financial circumstances are unique. The prevalence of annuities in the disbursement of large sums of money could mean that you receive funds in periodic payments even if it is not the best option for you. Each person's level of financial responsibility is also unique. You simply may not be someone who spends large sums of money unwisely.

A number of wise financial decisions become available to you upon receipt of a lump sum, opportunities that would not be possible if you were receiving periodic payments. You may repay your high-interest mortgage, for example. Even if you could put your payments to better use if they were not periodic, you may have had no choice but to accept a structured settlement payout. There are many reasons you might want to consider selling your annuity payments for a lump sum of cash. At Structured Settlement Investments, we can help you carefully analyze your options.

How Annuity Payments are Sold

The insurance company handling your annuity may have assigned your annuity policy to a third party. If so, the policy itself belongs to the insurance company. You cannot sell your annuity policy, but, via a court order, you can sell the right to receive the payments pursuant to the policy.

Although annuity settlement agreements typically contain provisions that prohibit selling such payments, selling your annuity payments for a lump sum of cash is still possible. Rather than selling the annuity itself, you sell your right to receive a stream of future payments. Future receipt of these payments is considered an asset, which you can assign to a third party in order to accelerate the payout and receive a lump sum of cash.

Because of the tax considerations involved in the selling of annuity payments for lump sums of cash, state law regulates the sale of annuity payments. You will need to obtain court permission to proceed with the sale. The court will examine whether the sale is in your best interest before determining whether to allow it. At Structured Settlement Investments, we will help you through the entire court process.

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Interested in Selling Annuity Payments? We Can Help!

Structured Settlement Investments is a reputable buyer of annuity payments. We will help you through the court process and will always act in your best interest. If we believe selling your annuity payments is in your best interest, we can present a convincing case to the courts. If we believe that selling your annuity payments for a lump sum of cash is not in your best interest, we will tell you so at the beginning of the process, saving you time and money. We may also suggest selling only a portion of your annuity payments. With a proposal tailor-made by Structured Settlement Investments to meet a specific and genuine financial need, the court is likely to approve the sale transaction.

Contact Structured Settlement Investments Today

If you would like to learn more about selling your annuity payments for a lump sum of cash, contact Structured Settlement Investments today. Our reputable firm is staffed with highly experienced financial professionals.

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