How Do I Get Cash From My Annuity?

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sellmyannuity.org
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Reasons I Need Cash for My Annuities

• If you are pondering the idea of getting cash
  for your annuity, you are either in one of two
  financial predicaments. You are either in debt
  and need a resource to help you get the cash you
  need to bring your finances back to where they
  need to be, or you have an opportunity that
  requires cash to fund an investment.

• Either reason can offer more than enough
  justification to look at getting cash from your
  annuity.

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How Do I Get Cash From My Annuity?

• There are many reasons you may need cash, but
  before you start the process of cashing out your
  annuity, you need to find out what you have to
  offer. Go through your paperwork and find out if
  your annuity is transferable.
• If your annuity is transferable, then you can
  move on to the next step in the process.
• If your annuity isn't transferable, then your
  done. There is nothing you can do to sell your
  annuity.
• A non-transferable annuity is exactly what it
  sounds like...non-transferable.

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What is an Annuity Payment?

• Annuities are a financial income source that
  provides periodic payments. If you are familiar
  with a home mortgage, it's a similar principal.
  If you are the bank, you lend money (invest) to
  an individual to purchase a house (investment).
  You then pay the bank periodically for their
  investment.

• An annuity works in a similar way. You are being
  paid in payments for your investment. Some
  annuities come from wills, estates, insurance, or
  settlements.

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When to Sell an Annuity

• Having an understanding of how annuities work
  will help you along in the process to sell an
  annuity. Annuities are time-sensitive. That means
  that they are a financial product that uses time
  to determine value.

• While everyone has differing circumstances and
  financial needs, it may be more beneficial for
  some to continue to collect annuity payments
  rather than cash-out for one lump sum.
• On the other hand, if time is not on your side,
  and you have an immediate financial need, finding
  a good buyer for your annuity may offer a greater
  benefit.

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Help for Selling an Annuity

• You may need help to sell an annuity. There are
  different laws and regulations regarding
  annuities in different states. It's important to
  look into what rules may apply when selling an
  annuity.

• This may require hiring a specialized lawyer, or
  broker, that is experienced in the sales of
  annuities.

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Selling a Structured Settlement

• If you find yourself in a position that you have
  a structured settlement and need cash now, you
  can look at selling. Here are a few things to
  think of if you want to get cash for your
  structured settlement payments.

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What is a Structured Settlement?

• Mostly used in product liability, or injury
  cases, a structured settlement can be utilized to
  keep legal costs and other trial expenses
  controlled by avoiding a trial. Rather than
  issuing one a large lump sum, a structured
  settlement is much like an annuity in that it
  sets a time period with structured payments to be
  disbursed on a regular basis.
• The usage of structured settlements in the
  United States grew during the 70's for a number
  of reasons including an increase in personal
  injury cases, and higher interest rates.

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For more information visit our site www.sellmyannu
ity.org
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