Selling annuities is not always the answer to getting quick cash. There are complications involved in cashing in a long-term investment for the fastest possible payout.
If you decide you would rather have your money now instead of waiting until you retire, you can sell it off. Before you make such an important decision, though, you should stop and consider your reasons. Do you really need the lump sum, or are your reasons frivolous? Maybe you need professional help in reaching a balanced view.
If you are planning on selling your annuity for a shopping spree, an extravagant vacation or a luxury sports car, then you may want to reconsider.
You bought the annuity as an investment, or were awarded regular payments after a successful lawsuit.
To fritter it away now does not make sense for your future security. Selling annuity payments is serious business and should not be entered into lightly.
Many insurance companies will not even let you sell if your needs are not absolutely necessary (though with the representation of a broker like Direct Settlement, you will almost always be allowed to cash in whatever your reasons).
You may sell your annuity if:
In most cases your mortgage is a manageable expense. Paying it off by getting cash for annuity payments is not in your best interest.
But, if you have a shifting mortgage with payments that have become unmanageable, or you are facing foreclosure, then it is definitely worth looking into.
For answers to all of your questions and a free, no obligation consultation, contact Direct Settlement.
We can help you decide if selling annuities is the best solution for you. We will explain the entire process in detail and we will get you the highest payout in the shortest time.
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How can you Sell Your Settlements?
You can also cash in Annuities