Lump Sum Annuity

Lump Sum Annuity

Can I sell my annuity payments for cash? Yes is the short answer.

Surprisingly many settlement recipients are unaware that they have the option to sell their future payment streams for cash. While the initial annuity was set up in a way to help meet ongoing financial needs it is impossible to account for unforeseen life circumstances in ones life that can change their financial needs. Big life events like marriage, divorce, having kids, a death in the family, etc can all be contributing factors to people needing more cash they had not planned for in their initial settlement.

Answer: Yes you can sell your future payments for cash.

The secondary structured settlement industry was created for this exact purpose as your original settlement is not able to be amended to change the payment amounts, frequency or provide a lump sum.

The secondary market will purchase your future payments and provide you a lump sum payout to give you the cash you need to meet your immediate need.