If you have a structured settlement that is paying you in small increments over time, you’re probably looking for a way to get cash for an annuity now. You never know what can happen in the future, and it’s always a safe bet to get your money now and figure out the rest as it happens.
To get cash for an annuity now, you should be seeking an experienced firm that can get you an instant quote for your annuity payments and guide you through the best options to sell your settlement. Many people who receive structured settlements aren’t even aware that they have the option to get settlement cash paid out in one lump sum. Here are three quick facts about annuities that you may not have known, but definitely should:
Only three states do not allow you to sell your annuity. The federal Structured Settlement Protection Act protects the rights of settlement owners by providing protections for those who wish to get cash for an annuity now. Only New Hampshire, Wisconsin, and Washington, D.C. fail to comply with this federal act. If you live in any other state or province, you have the right to sell your annuity for a huge lump sum.
It takes just over a month to receive your lump sum payment. A lot of people seem to think that selling their annuity is a complicated process that will take just as long as waiting out the payments. The truth is, most lump sum payments will be in your bank account in just 45 days, as opposed to annuity payments that take 20-50 years to be paid in full. In just over 30 days, you can finally live out your dreams and access your entire fortune.
76% of Americans live paycheck-to-paycheck. If you need extra cash and just can’t wait for the rest of your settlement payments, then selling your annuity is the best thing you can possibly do. The majority of Americans are stuck in a cyclical loop of waiting for a hard-earned check, just to see it used entirely for bills and life expenses. When you sell your annuity, you are in an ideal position to control your financial future and live a better life than the people who are still stuck waiting for their next check.