When receiving an award for a personal injury case, the claimant is often puzzled by the choice of whether to take a lump sum settlement, or receive a structured settlement annuity. There are significant advantages to both. Receiving a lump sum provides a large amount of money in a single payment that can be used to pay down medical debts to allow the claimant to get back on their feet.However, a structured settlement annuity typically provides sizable monthly payments to pay for ongoing expenses like mortgage payments, car payments, utility expenses and daily living.
Lump Sum Settlement
There are significant benefits of receiving a lump sum settlement that includes no more late checks or missing a payment that got “lost” in the mail. Receiving a lump sum of cash allows the claimant to move on with their life, and not be bound by the restrictions of a structured settlement annuity. They can choose the doctors they want to go to, and never have to worry if they have enough money to make payments for their medical care. Additionally, receiving a lump sum of cash minimizes the potential of the annuity provider going out of business or any other reason the payment would cease.
Selling a Single Premium Annuity
A single premium annuity is a great source of fixed income. These annuities can be setup as immediate or deferred payments. Most insurance companies offering these annuity products require a minimum of $25,000 in a single premium payment.
There are many benefits to a Single Premium Annuity, including deferred tax benefits and guaranteed income. Everyone's life changes financially and physically. Sometimes your single premium annuity is not what you expected it would be. There are many reasons to cash out a single premium annuity, but many times a better investment opportunity occurs. SSQ can help you sell those annuity payments for a lump sum of money.
SSQ is an annuity factoring company. We provide multiple annuity lump sum quotes from competing companies. Each company will offer a higher cash offer than the last company. This ensures you will receive the maximum amount of money when you cash out your single premium annuity.
Many annuity policy owners acquire these types of financial assets to provide a fixed income through retirement. Many individuals who do use our free service would like to liquidate some of their financial assets seeking better investments.
At SSQ we offer many options for you and your family when you cash in your annuity policy. Many people like to keep part of their fixed income for security through retirement. We are able to purchase an exact amount of annuity payments allowing the security of your fixed income.
Feel free to call us at 888-665-1257 to receive an immediate quote on your single premium annuity or fill out the short form above and you will receive cash offers from competing companies.
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.
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 SSQ their are two ways you can receive quotes. The first option for you is to fill out the short form above. We will call you with the Highest Quote usually same business day.
The second option is to call one of our Customer Service Experts at 888-665-1257.
Once you have chosen the best offer the winning Certified Funders will start the underwriting process, which involves contacting your insurance company who makes the payments to you. They will negotiate the transfer of payments all at no cost to you.
This procedure takes an average of 4-6 weeks to complete. Once this is accomplished you should receive your lump sum payment within a few days.
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"Can I sell my annuity payments?" Many annuity owners ask this same question every year. The answer is "Yes you can!" Settlement Quotes (SQ) is here to help. We will provide you with 4 bids and quotes for your future annuity payments.
Many individuals also ask, "How do I sell my annuity payments?" SSQ will also provide you with annuity selling tips and FAQ. This will explain the entire process of selling those annuity payments.
"Can I sell my annuity payments?" Many annuity owners ask this same question every year. The answer is "Yes you can!" SSQ is here to help. We will provide you Top Dollar for your future annuity payments.
Many individuals also ask, "How do I sell my annuity payments?" SSQ will also provide you with annuity selling tips and FAQ. This will explain the entire process of selling those annuity payments.
