Do you have a structured settlement or other kind of fixed annuity? Do you find that you need more cash than it is giving you? Many people opt for selling fixed annuities. This may be an option if you find getting the money sooner than later would benefit you and your family. For a number of people receiving regular payments provides them with what they need to live and gives them a certain amount of peace of mind. This is not for everyone.
Before you set your mind towards selling a fixed annuity, you need to do some research into the idea and into the exact state of your finances. It is a good idea to talk things over with a financial advisor that you trust. The process of selling fixed annuities is not like selling a property or anythings else. There is a process that you have to follow an
Annuity payments are as common as they are controversial. They’re common in the sense that they are used for everything from retirement and life insurance plans to court settlement payouts, but they’re controversial in the sense that the money they store is often inaccessible. An annuity is a financial agreement in which a certain amount of money is “stowed” away for an extended period of time. Ten, twenty, thirty years. Etc. The money is not taxed nor does it collect interest. After the agreed-upon time limit, claimants can start accessing their money in a payment schedule they agreed to.
For some, annuities offer financial peace of mind in that the money cannot be lost no matter what. For others, however, they can be very inconvenient. People who need a bulk of the money imm