Call 877-386-3377 Now

What Is An Annuity And Should I Sell My Payments?

When people decide to sell annuity payments that they are receiving, they are selling the rights to their future periodic payments. Annuity payments may result from:

  • a large, paid-up life insurance policy
  • a retirement account
  • an insurance settlement
  • a structured settlement from a successful lawsuit
  • a trust fund

There are several different types of annuity payment – some provide a guaranteed income for life while others are for a specified period. Sometimes life changes may require you to access your money now in a cash lump sum payment instead of waiting for your smaller, periodic payments.

Fortunately an annuity is a type of asset that can be valued and sold on the secondary market to a finance firm that specializes in factoring. CBC Settlement Funding can provide you with cash in exchange for selling some or all of your future annuity payments rights to them. By selling your future annuity payments for a large cash lump sum payment you can better meet your current financial needs.

About Annuity Payouts

Annuities have been around for years but grew in popularity in recent years because the amounts of lawsuit settlements became much larger, and there were changes in the tax code that made it advantageous to receive income payments in this manner.

Selling annuity payments also known as an “annuity transfer” is essentially trading in your steady stream of periodic payments for one large lump sum of cash immediately. This lump sum will be less than the total that you would have received by the end of the annuity payments, but it means having a large amount of money now rather than receiving small annuity payments over an extended period of time.

Reasons To Sell Your Annuity

There are several good reasons for selling annuities for a lump sum of cash. If you are facing sudden, unexpected expenses, for example, it makes sense to seek an annuity payout such as getting cash for a structured settlement payment. It is also possible that you may have an investment or business opportunity that needs to be acted upon right away.

Whatever the reason, selling  annuity payments to CBC Settlement Funding is easy. Almost all states have laws in place asserting your legal right to transfer your annuity to another person or business entity.

Whether you are selling a Single Premium Investment Annuity or a Structured Settlement Annuity, all CBC requires is a copy of the annuity contract or settlement and personal identification documents. With a structured settlement annuity, you would also need to file a petition with the court and have a judge grant you permission to carry out the transaction; however, the legal staff at CBC will deal with all court filings and appearances on your behalf.

Cash Value Of Annuity Payments

The total cash amount you will receive when you sell annuity payments depends on several factors – including the amount of the settlement, current interest rates, inflation rates, how much has been paid to you to date, and the reliability of the payer.

CBC Settlement Funding

At CBC, our staff will take care of the legal filings and process the paperwork for you, should you choose to sell structured settlement, annuities, or single premium investment annuity payments to us. You may receive your annuity payout in a cashier’s check, or the funds can be transferred electronically to your personal account.

First Name:* Last Name: Phone: Email:*
I understand that CBC Settlement Funding, LLC or a related or unrelated company may contact me by phone or email to discuss my inquiry.