One of the most common questions we hear is whether the pros outweigh the cons to selling annuity payments. It is true that there are some cons to selling your annuity payments in certain situations. For one, you will be selling your annuity payments at a discount. The tradeoff, of course, is that you get a lump sum of cash to do with as you wish. So if you don’t need the money, you should probably hold off on selling your annuity payments. Second, if you are not good with money, it might not be a great idea to get a large sum of money as there’s a greater chance you will blow through it.
However, in many other scenarios, selling your annuity payments has many pros and is likely the better choice. Here are three reasons why you might want to sell your annuity payments:
You can pay off high interest debt: This is probably the number one reason why you should consider selling your annuities. If you have high interest debt, you should do anything possible to get rid of it as it can cripple your finances. Selling your annuity payments to pay off debt is a good strategy as it can free your money up and allow you to make investments that will secure your future.
You don’t have to sell off all of your annuity payments: With an annuity sale, you can structure it anyway you want. In many cases, it makes a lot more sense to do a partial sale and still retain some of your annuity payments for the future. The flexibility of selling your annuity payments is one reason why annuity owners ultimately decide to sell.
You can get your cash quickly for an emergency: If you are in need of cash quickly to pay a medical bill, emergency home repair, or college tuition, selling your annuity payments is one of the quickest ways to get the money you need now. Typical annuity payment sales take weeks, not months or years.
Do these reasons sound good to you? It might be time then to sell. If you are wondering how to sell annuities, we make the process as easy as possible. All you need to do is contact us at 844-358-9844, and we will connect you with our recommended partners who can provide you with a quote. When you decide on the offer you prefer, we will assist you with the court proceeding. Once that is complete, you will get your money and use it for whatever you need it for. You won’t find an easier and more transparent process anywhere else.