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Cash For Annuity Payments

Selling your annuity payments can be tricky. We will help you get the most cash in as little time as possible. Guaranteed.

You may have been receiving an annuity for an extended period due to different reasons. Whether it is because of you were named the beneficiary of a deceased person, or you purchased the annuity yourself, you have options. You may also have received it if you were a victim in a personal injury case. If you might be feeling like you aren’t making the most of your annuity and you want an option of cashing out for a lump sum right now, we can help connect you with the best companies. You see, you don't want just to hire anyone, you want a company that has the experience. Normally, if you turn to the internet and search for companies that buy annuities, you might get connected with companies that have a "scam" label and not realize it. The decision should not be taken lightly.

The question we are asked the most is which are the most trusted annuity buyers? These are also known as buyout companies. Reading reviews online, which often are forged, or created by the corporation itself to earn your business, can be tricky. The best annuity companies are difficult to find. Our personal recommendation is DRB Capital.

Sell My Annuity Payments

In order to sell your future annuity payments you will go through these four steps:

  1. Get Your Paperwork and Get Your Estimate

    Stop stressing over this and contact us! We can do everything for you. Pull your paperwork, get you an estimate, answer your questions and find you a great buyer who will pay you the most cash.

  2. Evaluate, Accept, Sign and Return the Offer

    The offer will be the most cash and lowest fees available. Just sign and return the offer. If the offer isn't what you had hoped, not a problem, you can sell more or less of your annuity to meet your needs, guaranteed.

  3. A Court Order is Obtained To Sell Your Annuity Payments

    The court must approve your sale, and the buyer of your payments will get an order from the judge in court. The judge will then reassign the legal right of the payments from you to the buyer so you can get your money!

  4. The Buyer Sends Your Money via a Wire or a Check

    The insurance company (annuity payments issuer), receives judge's order. They confirm payments will now be sent to the buyer. The buyer then sends your lump sum payment. You've got your money!

    Get Your Paperwork and Get Your Estimate
    Stop stressing over this and contact us! We can do everything for you. Pull your paperwork, get you an estimate, answer your questions and find you a great buyer who will pay you the most cash.

    Evaluate, Accept, Sign and Return the Offer
    The offer will be the most cash and lowest fees available. Just sign and return the offer. If the offer isn't what you had hoped, not a problem, you can sell more or less of your annuity payments to meet your needs, guaranteed.

    A Court Order is Obtained To Sell Your Annuity Payments
    The court must approve your sale, and the buyer of your payments will get an order from the judge in court. The judge will then reassign the legal right of the payments from you to the buyer so you can get your money!

    The Buyer Sends Your Money via a Wire or a Check
    The insurance company, which issued your annuity, receives the judge's order. They confirm payments will now be sent to the buyer. The buyer then sends your lump sum payment. You've got your money!

    Most Common Reasons To Sell Your Annuities

    Investing In a Home of Your Own or an Investment Property
    Real estate is not a cheap and to get that home of your dreams, you will have to spend money. Waiting for 15 years for your annuity to add up does not seem like a reasonable option. By selling your payments, you’ll be able to use the lump sum to make a down-payment of your new house. You can even revamp your current home.

    Funding a College Education For You or Your Children
    College tuition is getting more and more expensive, and you might have been hearing stories about how people spend decades after college paying off their college debt. A lump sum payment from your annuity will ensure that the life after college will not be swamped with debt for you or your children.

    Getting Rid of Your Debt to Lower Your Stress
    There aren't many things in life more stressful than debt. It not only affects you emotionally, but it has been proven to harm your health too. End your stress now. You can use this lump sum to pay off credit card debts, student loans or any other debts that you’ve been dealing with over the years.

    Starting / Investing in a Business or Your Own Business
    Use your lump sum payment to invest in a business which you believe in and could be the difference in the life of you and your family. The sum could work as the necessary factor that jumpstarts your venture and gives it that extra push. You can use it to grow your existing business as well. The choice is yours.

    Covering Overdue Medical Expenses
    Let's face it, we have all had health issues which resulted in expensive treatments. Medical treatments are expensive and sometimes, your health insurance doesn't cover the everything. Especially for on-going medical treatments, a lump sum might be extremely beneficial to pay off those treatments to get you healthy again.

    Purchase a Much Needed Vehicle For Your Family
    Did you know that everything becomes simpler once you can pay for it straight up instead of paying it over the course of several years through a bank loan? It's true. Use the lump sum from your annuity to buy yourself or your family a new vehicle. This way it is stress-free without the hassles of a loan.

    Review our recommendations for selling annuity payments the right way. Once you pick the right company and accept their offer. The experts you work with will then handle the entire process, and you will receive your lump sum by wire or check.

    What You Should Know - Top Questions Answered

    "I want to sell my annuity for a lump sum, but I don’t know the process?"
    As we outlined above, the process is simple, but you want to get a professional to help guide you through as there are areas which can get complicated.

    • Get all the paperwork associated with your annuity payments together before you contact anyone about selling your payments.
    • If you don't have your paperwork, you can get an expert to help pull your information from the national database of structured settlements and annuities.
    • Do your research carefully on who to hire to represent you to find a right buyer for your annuity payments. We wholeheartedly recommend DRB Capital as they guarantee to give you the best cash offer with the absolute lowest fees in the market.
    • Once you hire a rep and they get you an offer, you want to evaluate it, accept it by signing it and then returning the signed offer to the rep.
    • Annuities are often a structured settlement, and by law, a judge has to approve the sale to ensure it is in your best interests, and you aren't going to use the money for a purpose that will not benefit you and your family. For example, if you wanted the money to gamble with the judge is probably not going to approve of the sale of your payments.
    • Once the judge approves the sale of your payments the paper work is transferred to the new owner, so they will begin to receive your annuity payments.
    • 3-5 business days later your money will arrive in the form of a wire transfer or by certified check.

    Cashing in annuities is not a small task, nor one you should take on yourself. If you are looking to sell your annuity payments, you are probably in debt. Did you know that that average household carries $129,579 in debt? That level of debt constitutes at least $19,000 of interest per year. Think about that, paying $19k a year on interest on the unsecured debt. Factor in the interest you are paying on your home mortgage, and it can get downright frightening how much of your disposable income is going to just interest.

    Can selling your annuity payments get you out of debt? Possibly, but consider the following tips to make the right decision not just for right now, but your long-term financial plan. Is your annuity payout weekly, monthly or annually?

    • Don't Rush Things. Your biggest mistake is to rush into a decision whether to sell or not to sell your annuity payments without taking the proper time to weight your options. Along with the debt number we listed above, did you know that one-in-five Americans are in debt hardship? If you are in the same boat, if you don't take your time through this process you could make a bad situation even worse.
    • Shop Around For The Best Deal. How do you know if the offer you get is the best one? Are they offering you a guarantee? What are the fees involved with the transaction? Are they upfront with all fees and costs associated with the transaction? List all the pros and cons so that you can make the right decision.
    • Get a Professional On Your Side. Selling an annuity isn't an easy task, it can be confusing, overwhelming and downright stressful. There are some companies which charge what is called a "surrender fee" and that can be 10% of your annuity payments. A professional can uncover these hidden fees and consult you for the best offer to take that will give you the most actual cash. Avoid getting surprised by having a professional on your side through the process.
    • Avoid Putting All Your Eggs In One Basket. Annuities are often a key to many people's current financial income, and you don't have to sell you entire annuity payments. You can just sell a portion if you wish. So think about it carefully before making a decision to take the measure of selling annuities for a lump sum cash out payment. Your annuity payments might be your current lifeline for your family, so make your decision carefully.
    • Sleep On It. This advice has been around since the dawn of time and it vital when it comes to deciding to "annuity cash out" your settlement.

    "What happens to my annuity when I die?"
    There are many annuities which end entirely upon the death of the annuity holder. Often, this is in the fine print and if you are receiving the settlement based on a personal injury. If this injury has affected your long-time health, your surviving spouse, children or relatives may not receive the total payments.

    If you had good representation, your annuity payments should be protected in the event of your death to allow the payments to continue and be given to your stated beneficiaries. If you are unsure, you can check your policy and look for the phrase "guarantee period" or "period certain" regarding your payments.

    Another phrase to look for is a "communication rider." This refers that if the policyholder should die, a discounted lump sum of payments will be paid to the policy holder's beneficiaries. This would be in place of the payments continuing as they have in the past. The main reason for this rider is for tax reasons.

    The last phrase you should look for is "joint and survivor." This means the policy is shared between the holder and beneficiaries. Should the owner of the policy die, the payments will continue to the recipients as listed?

    How To Cash Out An Annuity Early?
    The process of selling or cashing out your annuity payments early is very straightforward and has been outlined throughout this page. Selling annuity payments is no different than selling a structured settlement.

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