Many annuity policies and settlement agreements usually include anti-assignment or anti-sale language. Even though this language is included within your settlement documents, you are still able to sell your future structured settlement payments!
Here is an example of the language that may be contained inside your annuity policy or settlement agreement:
“none of the periodic payments may be accelerated, deferred, increased or decreased and may not be anticipated, sold, assigned or encumbered.”
Selling the rights to your structured settlement payments requires you to receive a court order in which a judge will review and approve the sale of the annuity payments.
Even if your structured settlement annuity policy includes language that attempts to prevent you from selling your future payments, a judge has the power to approve the sale.
It is important to remember that a judge will only approve the sale of your payment rights if the transaction is in your best interest.