Selling Your Annuity
Therefore there are certain steps you need to take to do it correctly.
Selling your annuity. Wentworth the process of selling your annuity payments is fast and simple. If your financial needs have changed recently selling the rights to these payments in exchange for a lump sum payout from a company that specializes in buying annuities can give you some financial flexibility. In exchange for quick turnaround on cash annuity buyers will charge a fee and sell your annuity at a discounted rate for profit. Once you ve determined that selling your annuity payments is the right step for you there are a variety of things you can do with your lump sum.
Figures from fidelity worldwide investment suggest that a 100 000 pension pot used by a 65 year old to buy a 7 000 a year annuity 10 years ago would sell for about 48 000 today. First and foremost selling your annuity does not guarantee a full payout equal to the initial value of the contract. How to sell your annuity. Below we take you through our step by step process of getting cash for your.
Understanding different types of annuities. We offer free expert advice on how you can make the most of an annuity or structured settlement and how and where you can sell your payments. Annuities can be sold in portions or in entirety. Annuities can be a great source of regular reliable income during your retirement years.
Selling an annuity is a legal process. Firstly you may want talk to your financial advisor about whether selling an annuity is the right move and which sale option is best. Secondly you ll need to research companies that buy annuities for cash. You can sell your annuity or structured settlement payments for cash now.
Tips on selling your annuity or structured settlement. Selling your annuity payments.