Tips To Sell Annuity Payments for Cash

Are you aware of the fact that you can sell annuity payments for cash? In the past, this was not possible. Instead, you had to hold onto your annuity and hope for the best. Fortunately, things have changed for the better. Now, you have the ability to sell annuity payments for cash as opposed to waiting around for your next check to arrive in the mail.

How To Sell Annuity Payments

If you want to sell annuity payments the first thing you have to do is contact several companies that are willing to buy what you have. Make sure you speak with at least three buyers before you make a final decision. Just like anything else, you will learn that some companies have more to offer. Search for the buyer that offers the most money, in addition to having a good reputation.

Some people are interested in selling their annuity for a lump sum of cash. Others would rather receive a small portion of cash to start, while also preserving money for the future. With more than one payout option, you need to move forward with great caution. Once you make a decision there is no going back.

Be aware of companies that contact you to buy your annuity before you reach out for assistance. While some of these buyers may be legitimate, the majority will try to talk you into making a quick decision. Unfortunately, thousands of people have fallen prey to this scam as they get overly excited about the prospects of receiving a quick lump sum payment. What they don’t realize is that they could have received a better deal, including more money, if they would have done their homework.

There are many good reasons to sell annuity payments for cash. If you feel that this is a good idea, follow the advice above while taking your time and exercising extreme caution.

Print Friendly

Follow us on Facebook!

Recent Articles on RetireEasy