If you're wondering whether you can sell annuity settlement agreements for ready cash, the quick and easy answer is "Yes."
When you don't want your annuity any longer, you have the
option to sell. If you are stuck with an annuity you no longer need or
want, or require as much cash as you can get for this asset as soon as
possible, you can convert it to cash to use any way you like.
Many insurance companies are willing to buy back the annuity, whether you bought it from them or another company, but at a greatly reduced amount.
You must be aware that you will not get 100 percent of the value of your annuity. This is the price you pay for quick access. Let Direct Settlement help you get more for your money.
Annuities are usually set up to provide income when you retire. But, as the years go by, you might find that you would rather use your money now. Your circumstances may have changed, necessitating large lump sum, instead of having a drip-feed of regular income.
There are many reasons why this could happen:
If you want cash now, but still want to retain some retirement security, you can sell part of your annuity.
By cashing out part of your policy, you can invest that amount in real estate or some other high return investment, still have some monthly payments upon retirement, plus have the extra income from your other investments.
This option allows you more flexibility than you currently have.
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How can you Sell Your Settlements?
You can also cash in Annuities