The amount you receive for your annuity payments is influenced by a number of factors. The best way to determine how much they are worth is to request a free no-obligation lump sum quote. If you are satisfied with the offer, the buyer can begin the process of purchasing your annuity payments. Of course, if you are not satisfied by the quote, you are not obligated to sell and are free to look for another buyer.
Why Do I Have to Sell Annuity Payments at a Discount?
Annuity Payments are bought at a discount due to the time-value of money. This simply means the value of a dollar is greater today than in the future. For instance, if you could have $10 today versus $50 one year from now, which would you choose? Some people would be willing to wait 12 months for a $50 payment but others would jump at the opportunity for the $10 right now because it can be used for a current need or want. Someone selling annuity payments may consider receiving a discounted lump sum in the same way.
How Long Will It Take to Receive My Lump Sum Cash?
The process of selling annuity payments may take an average of 60 to 90 days and even longer in some instances. The amount of time the process takes depends on how quickly documentation is received.
Can I Sell a Portion of My Annuity Payments?
Yes! Selling all your annuity payments may not be necessary in your situation and you are not obligated to do so. You may choose to do a partial sale of your future payments and resume receiving the remainder of your balance in the future. It’s entirely up to you!
