How to Sell an Annuity
Every month there are thousands of people who sell their annuity payments for a lump sum of money. There are also thousands of people every month who want to sell their annuity payments, but just do not know the process that is involved in cashing out or selling their annuity payments.
This article is here to help you understand the benefits and process of selling your annuity.
Selling an annuity is not the correct term to be used while discussing this procedure. We are not technically purchasing your annuity. We are transferring your annuity into our name. Legally you own your annuity, and therefore you have the right to transfer the payments to a different entity.
There are many options for you when selling your annuity. You are able to choose the amount of payments you would like to sell along with the dates of the payments you wish to sell. In other words you can sell the first 20 payments and the last 20 payments of your annuity if you wish to do so.
With Settlement Quotes their are three ways you can receive quotes. First you can create an account. By doing so we will provide you with up to 10 cash offers from competing companies. These companies will each provide their best price for your annuity.
The second option for you is to fill out the short form on the left. We will still provide you quotes but you will not be able to view them online like the first option.
The third option is to call 888-665-1257. You will receive an immediate quote for your annuity by using this option.
Once you have chosen the best offer the company will start the underwriting process, which involves contacting your insurance company who makes the payments to you. They will negotiate the transfer of payments.
This procedure takes an average of 4 weeks to complete. Once this is accomplished you should receive your lump sum payment within a few days.