How to Sell My Annuity Payments for Cash
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If you’re receiving annuity payments and have considered selling your future payments for a lump sum, you may be asking yourself, “how can I sell my annuity payments?” It can be daunting when figuring out where to begin and what the first step is, but at DRB Capital, we’re here to help make the process as easy and stress-free as possible.
Determine if your Annuity Qualifies
People have different types of annuities for different reasons; for example, people may have annuities as a result of winning the lottery, investing in a pension, and more. Although many different types of annuities will qualify for funding, not all will. The most common type of annuity that qualifies for funding is a structured settlement annuity or one that results from a lawsuit. You may still be asking yourself, “am I eligible to sell my annuity payments?” If you have any questions about whether your annuity is eligible, we are happy to help.
Contact DRB Capital today at 877-894-4541 to learn more about selling some or all your future annuity payments for a lump sum of cash.
Determine your Financial Needs and Goals
Many annuitants ask themselves one common question: “Do I have to sell my annuity payments in their entirety?” One of the great things about selling annuity payments is the flexibility, and the ability to come up with a customized solution that suits your financial needs and goals. Several factors should be taken into consideration, such as how many payments you have remaining, the value of your annuity, and what you want to do with your lump sum of cash. Perhaps you have a very specific goal in mind, such as buying a home or paying off debt.
Depending on how many payments you have remaining and the value of your annuity, you may be able to sell just a portion of your annuity payments to receive the money you need, while keeping the remainder of your payment stream intact. On the other hand, some annuitants find that selling all of their entire annuity payments is ideal for their needs.
Selling all your future annuity payments will give you a larger payout, and could be a great choice, depending on several factors. Selling a portion of future payments can also give you another great option: the opportunity to receive more money upfront, while also still receiving long-term payments. At DRB Capital, we can help you explore the different options available.
Explore the Advantages and Disadvantages
Once you’ve determined that your annuity qualifies for a lump sum through the sale of future payments, and you’ve compared the different options, you’re ready to move on to the next step. You may be asking yourself at this point, “do I really want to sell my annuity payments at this time?” It’s important to realize that you shouldn’t rush this decision and that everyone’s situation is unique. For many annuitants, receiving their money sooner is the ideal solution for their financial concerns. For others, keeping some (or all) of their payments intact, at least for the time being, could be the better option.
If you decide that you’re ready to move forward with the sale of some or all of your annuity payments, DRB Capital is standing by and available to help get the process started. If you’re not quite ready just yet, that is perfectly okay, too. If you ever do decide in the future that you’re ready to sell annuity payments, we’ll be ready to help.
Compare your Options
Once you’ve decided to move forward with the sale of your future annuity payments, the final step is to find a trusted annuity payment buyer. You’ll want to compare different options and be sure that you’re working with a reputable company. Be diligent when making your decision and be sure to read online ratings and reviews from other annuitants. Once you’ve narrowed down your list to a few choices, reach out to each annuity payment buyer individually and ask questions, such as how they can help, what options they provide, their fees, and so on. Reputable buyers will be transparent and will be happy to ask any questions you have before asking you to commit to anything; be wary of companies that are vague and refuse to provide any specific details.
Contact DRB Capital
At DRB Capital, we are experienced in purchasing annuity payments and we are one of the most trusted annuity payments purchasers in America. We take pride in what we offer and the options we provide for annuitants who are looking for flexibility when it comes to receiving cash sooner. If you’re ready to get started on the sale of your annuity payments, or if you’d like more information, contact DRB Capital today at 877-894-4541.
DRB Capital does not provide professional financial or legal advice and the Site is not intended as a substitute for professional financial or legal advice. Persons accessing this information assume full responsibility for the use of the information and understand and agree that DRB Capital is not responsible or liable for any claim, loss or damage arising from the use of the information. All content provided is for informational purposes only. DRB Capital makes no representations as to the accuracy, completeness, currentness, suitability, or validity of such content and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
