Is It Time to Sell Your Annuity?

selling your annuityIf you’re considering selling your annuity payments, you probably have a lot of financial concerns on your mind and you’re probably just as concerned about whether or not you’re making the right decision to sell annuity payments.

Instead of feeling too nervous to proceed and just choosing to walk away without doing anything, make sure to talk to a service that can tell you all about selling structured settlement payments and annuity payments before you make up your mind.

In fact, here’s a brief look at what you should consider:

First it’s important to understand that you aren’t alone if you ended up with an annuity or structured settlement and you’re receiving small payments — possibly because you requested this — but you don’t feel as though these small payments are cutting it. Many people end up with annuities and structured settlements but regret it later on because they realize how trapped they are — there’s almost nothing more frustrating than having your money in an account but not being able to access it.

And speaking of access your money, let’s just get it out of the way that many of these payment plans are designed to make it difficult for anyone to withdraw their money early. Annuities are typically paid out over a period of 25 years or throughout the person’s lifetime, and anyone who tried to withdraw their money in one lump sum will end up paying high early withdrawal fees.

It’s also important to consider that your annuity payments aren’t really investments because as they’re sitting in that fund, they aren’t gaining any interest. If anything, the value of your annuity goes down over time.

Last but not least, think about why you’re interested in selling your annuity — it’s probably for a really good reason! Maybe you want to sell an annuity to pay off your credit card debt — 40% of Americans households spend more than they make each year, and the average household has about 13 payment cards. Maybe you want to go back to school — but even the average public college can cost over $9,000 annually for tuition alone.

It really doesn’t matter why you want to sell your structured settlement or annuity, and it doesn’t even matter why you have one in the first place. All that matters is that you’re able to do so safely and while retaining as much of your own money as possible!

3 Unbelievable Things You Can Do When You Get Cash for Your Structured Settlement

cash for your structured settlementIf you’ve recently been in a car accident or had other injuries and received a settlement after a lawsuit, then you may have been disappointed if that settlement came in the form of an annuity or other structured payments. What you thought would be a lump sum of money turns out to be much smaller payments that you’ll receive in increments for many years to come. In other words, the money you were counting on to get you out of debt or to invest in your family’s future isn’t what you thought it would be.

However, solutions are available. Getting cash for structured settlement payments can help put you on the path to the lifestyle you want to have, and it can bring peace of mind if it relieves you of any other debt, as well. These three reasons clearly explain why you should receive cash for your structured settlement by selling you annuity or other payments:

  1. Get out of debt.
    Ideally, you should have the ability to pay off your medical debt before you received the remainder in your structured settlement annuity. But what about the other debt you may have? The average American household has mortgage debt ($70,322 of it!), student loan debt ($11,244), and even auto loans to pay off ($8,163), not to mention another $3,761 in revolving credit. Additionally, the average household also pays $950 in interest each year, but with all those loans that amount could be much higher. If you have other debts you need to pay in order to avoid going bankrupt, receiving cash for your structured settlement is probably the way to go.
  2. Lead the life you’ve dreamed of.
    Many people dream of getting out of debt and being able to lead the life they want. Whether you want plenty of leisure time and never want to work again or you’d like to pack up and take a luxurious vacation whenever you feel like it, those lifestyle changes can be yours when you sell your structured settlements.
  3. Invest in your family’s future.
    Have you been dying to start a business but been afraid of taking that first leap? Do you want to ensure that your children go to college — and maybe even graduate school? You can start saving and investing now when you get that cash up front. This allows you to put more away and maybe even grow that money into additional savings.

Have more questions about getting cash for your structured settlement? Leave a comment with us and find out about this solution today.

3 Emotions You’ll Feel After You Receive Lottery Winnings Now

receive lottery winningsIf you won a large prize playing the lottery, then you may have been excited at first. After all, you just won the grand prize, and it may even be the largest sum of money you’ve seen in your life. But then reality hits: you won’t receive all of those lottery winnings at once but as installments for however long that might take — possibly even decades from now.

That may be disappointing to hear, especially if you were counting on that money to pay down debt or invest in your children’s futures. However, not all hope is lost: you can actually receive lottery winnings as one lump sum payment by selling lottery payments. This allows you to get the money you were counting on now rather than having to scrimp and save for the future.

Why should you receive lottery winnings now and sell annuity payments? Here are three emotions you might feel after you receive those payments in a lump sum:

  • Relief. If you’re used to living paycheck to paycheck, then the annuity payments that you’ve been receiving for winning the lottery aren’t much different, even if they are a slightly larger amount. If you’re only receiving these payments month-to-month, then you might even feel that there’s very little difference in your quality of life despite winning big. Lump sum lottery winnings can help change your life by actually making it feel like you’ve won.
  • Peace of mind. Is debt on your mind constantly? If so, you’re not alone. American consumers owe a collective $11.91 trillion in debt to lenders, with an average of $3,761 in revolving credit alone. Additionally, the average household will see about $11,244 in student loan debt, $8,163 in auto loans, and $70,322 left to pay on their mortgage. Getting a lump sum payment for your lottery prize is the quickest way to eliminate that debt and obtain peace of mind.
  • Satisfaction. Are you planning to use your lottery winnings to pay for college for your children? Do you want to send them to a better school now? Perhaps you even want to invest for yourself and your spouse by creating a retirement nest egg for the future. You could even take the whole family on vacation. Whatever you may want to do for yourself and your family, it’s possible when you receive lottery winnings all at once.

Have more questions about selling lottery payments? Get in touch with us today.

Don’t Think You Should Sell Your Lottery Payments for Cash? These 3 Situations Say Otherwise

lottery paymentsIf you’ve received a structured settlement after a lawsuit or are getting payments each month for your lottery winnings, then you might simply be surviving rather than thriving. These awards often pay a little bit each month, leaving you not much better off than you were before an accident or prior to winning the lottery. However, you can actually receive lottery winnings and settlements as a lump sum payment if you are willing to sell them off.

So why should you sell your structured settlement or lottery payments to get cash? Here are three reasons to consider this option:

  • Your debt is more trouble than it’s worth. Are your bills giving you a headache? Credit card debt is a good example of debt that just isn’t worth it. The average U.S. household has an average of 13 credit or payment cards, resulting in $3,761 in revolving credit debt and $950 in interest payments per year. Additionally, student loan debt, auto loan debt, and mortgage debt can also pile up fast and become too challenging to pay month to month. If you’re tired of dealing with bills each month, then it may be time to consider trading in your settlement or lottery payments for a lump sum of cash.
  • You’re in danger of going bankrupt. For some people, debt isn’t just about slowly making payments and racking up interest. In some cases, it’s also destroying your finances and could even wind up making you lose everything. If you’ve been getting small, gradual payments from a structured settlement or an annuity, like lottery payments, then it may be time to consider selling it off to get debt relief. This can prevent you from having to file for Chapter 7 bankruptcy, which could get all of your assets repossessed by the bank, or Chapter 13 bankruptcy, which establishes even more payment plans. Don’t let your debt overwhelm you — consider a lump sum payment instead.
  • You want to invest in your family’s future. Getting the funds necessary to accomplish some big dreams can be tricky if you’re only getting small award payments each month. Whether you want to fund your kids’ college education or go back to school yourself, or if you’d like to invest in a new business venture or your retirement, selling off your lottery winnings or annuity is possibly the best way to make this happen. Additionally, it may not involve taking on any additional debt — another advantage!

Have more questions about what this service can do for you, your family, and your overall lifestyle? Make sure to get in touch with us to explore your options.

The Top 5 Reasons Selling Annuity Payments Improves Your Quality Of Life

lottery lump sum payoutMany Americans dream of winning the lottery. Unfortunately, the reality is never quite that simple. Plenty of lotto winners have found themselves tangled in a web of legalese, contracts, and fine print so small it takes a lawyer with a microscope to read it. Even people who win huge lottery lump sum payouts struggle under mountains of paperwork, tax forms, and red tape.

If you’re struggling to choose between a lottery lump sum payout or an annuity, or considering selling an annuity settlement, then it’s crucial to carefully weigh the pros and cons. So why exactly do so many Americans choose to sell fixed annuity payments or opt for lottery lump sum payouts in the first place? Here are the top reasons Americans choose lottery lump sum payouts, or to sell structured settlement payments:

1. Medical Bills
Although Obamacare changed the way we pay for healthcare, 64 million Americans (35% of the population) were struggling to pay off their medical bills in 2014. Plus, about 20% of credit scores were negatively affected by outstanding medical bills. Selling lottery payments or getting cash for annuity settlements allows families to finally get ahead of their medical debt.

2. It Takes Money To Make Money
In the popular imagination, lottery winners retire on a beach somewhere to sip cocktails until the end of their days. In reality, most lottery winners choose to continue working. In fact, far from retiring, many people dream of workingharder, or maybe we should say, working better. A lottery lump sum payout can allow you to finally be your own boss by starting your own company. Unfortunately, it really does take money to make money.

The average cost of starting a small business in the United States? $30,000.

3. Student Loans, Auto Loans, Credit Card Debt
In 2015, Americans owe a ridiculous amount of student loan debt, about $1.3 trillion, in fact. Plus, outstanding auto loans climbed to $943.76 billion this year as well. The average U.S. household owes $11,244 in student loans and $8,163 in auto loans. Choosing lottery lump sum payouts or selling annuities allows them to get rid of the debt hanging over their head.

4. The American Dream
Owning your own home has always been a big part of the American dream. Unfortunately, structured settlements and fixed annuity payments can make it hard to own your own home. Instead, you could spend 30 years paying off a mortgage. And since the average U.S. home costs $272,900 and requires an upfront cash payment of up to 20%, not everyone has the luxury of waiting for annuity payments.

5. Treat Yourself!
paying off loans is crucial, not just for your financial health, but for peace of mind. Being debt free really does improve your quality of life. And putting a roof over your family’s head is hardly a luxury expenditure. But never let anyone make you feel bad about spending money on yourself. Everyone deserves to be happy and enjoy themselves from time to time, and we’re pretty sure the U.S. constitution mentions the “pursuit of happiness” for a reason.

Americans work harder than almost anyone else on earth, and still live paycheck-to-paycheck. Choosing a lottery lump sum payout, or getting cash for structured settlements lets so many Americans live better.

Isn’t it time to start living the life you deserve?

3 Amazing Things You Can Do When You Get Cash for Lottery Winnings

cash for lottery winningsDid you know that you could get cash for structured settlement payments if you win the lottery? Rather than receiving your lottery winnings in installments throughout the course of several years, you can actually get cash for lottery winnings. How does it work? By selling your structured settlement or annuity, which guarantees part of your winnings each month or year, you get cash up front to pay for the things you always said you would after winning the lotto.

What can you do with this cold, hard cash? Here are three great ideas that can finally come to fruition when you sell off your annuity and get money for your winnings.

  • Make a big purchase. When most people think of winning the lottery, these are the first prizes that often come to mind. By selling off your annuity for cash, however, you can make this a reality. You can purchase a new home, buy that luxury car you’ve always wanted, or even take a much-needed vacation to a favorite or brand new, exotic destination.
  • Pay off debt. In addition to making luxury purchases, many people also consider paying off any debt that they may have had before they won. If you have debt, you’re not alone. More than 40% of families in the United States end up spending more than they earn. An average household owes about $11,244 in student loans and $8,163 on auto loans, and they still have $70,322 left to pay on their mortgages. On top of that, the average adult owes $3,761 to lenders in revolving credit — usually from their credit cards. Whether you have these expenses or others, like medical bill debt, you can finally pay it off and achieve peace of mind when you get cash for lottery winnings.
  • Invest. No matter what your plans for the future are, getting cash for lottery winnings can help you make those dreams come true. Whether you’re planning on sending yourself or a family member to school or if you’d love to start your own business, getting your lottery payments up front and selling your annuity is the simplest way to get the ball rolling. You can even begin working with a financial adviser right away to see how you can grow a nest egg for retirement. With a long term vision, the possibilities for your lottery winnings are endless.

Wondering what else you can do when you accept cash for your lottery prize? Let us know in the comments.

Selling Your Structured Settlement FAQ

sell annuity payments

Selling an annuity settlement became a very popular option during the recent recession in the U.S. As of 2013, there were an estimated 34 million annuity contracts in existence, totaling more than $2.5 trillion dollars. The total personal debt in America today is almost $12 trillion — wouldn’t it be nice to have a source of cash you can get to right away?

What is a structured settlement annuity?
A structured settlement is a legal payment, cashed out as an annuity rather than in one lump sum.

An annuity is just a legal term that denotes a sum of money paid out in intervals. The two most common terms for payment are either for 25 years, or until death.

What does it mean to sell annuity payments?
Basically, a third party company pays you out a lump sum based on the amount and value of your annuity and receives the payments instead of you. This can be done partially, so that payments resume eventually or as one lump sum.

Why do people sell annuity payments?
The short answer is because they need a lot of money quickly. The fact is that the money you receive in annuity settlement payments belongs to you — and you shouldn’t have to wait to cash in structured settlement payments if you don’t want to.

What can I do with the money?
This is the best part — you can do anything you want. The money is yours, plain and simple. We recommend investing in yourself in some way, starting that business, going on your dream vacation, going back to school, putting a down payment on a house, for starters. However, if you wanted to blow the whole sum on ice cream and a giant freezer to put it in, that’s your choice.

So how do I get started?
Contact a company that specializes in cash for structured settlement payments and they can get you started. You’ll have that cash in no time!

The Critical Difference Between Surrendering And Selling An Annuity

The Critical Difference Between Surrendering And Selling An Annuity“They” may say the economy is on the mend, but — when push comes to shove — the fact remains that the vast majority of Americans are still struggling financially. Perhaps most troubling, over one-quarter (29%) have absolutely nothing saved up for emergencies, and another 25% have more credit card debt than emergency savings. Even families who have enough money to foot the bill for unexpected expenses aren’t off the hook. According to a study by the Employee Benefit Research Institute (EBRI), nearly half — or 48% — of Americans retire later than expected, thanks to financial hardship.

To sum it up, the current outlook is bleak at best and promises of change won’t help when you are in bind. So what can? Many Americans do not realize that they have another source of emergency income: annuity settlements. For up to 100 million Americans, an annuity is very much a reality, and it is also a source of untapped potential, with the right knowledge and mindset. Here are two ways to get money from annuity settlements right now:

  1. Surrendering An Annuity
    The first option is surrendering annuity payments. Surrendering an annuity typically entails what more or less amounts to breaking a contract. Recipients can choose to “surrender” annuity settlements for a fee. It is important for individuals considering this option to review any legally binding paperwork very carefully. In nearly all cases, courts or financial institutions establish annuities with a surrender period. Although it varies, this surrender period lasts an average of seven to 10 years. If you withdraw any funds before the surrender period ends, you will have to pay surrender charges ranging from 7 to 15% (and up). The earlier you tap into these funds, the more you can expect to pay. Also expect a larger fee if you originally opted for an annuity with any bonuses or interest that accrue over time, such as a variable annuity.
  2. Selling Annuities
  3. If all of the details and nuances of surrendering an annuity sound cumbersome to you, there is some great news: you can avoid all of that by selling annuity settlements or payments instead. When you sell an annuity, you pay zero surrender charges or fees. You do, however, pay a set amount to the company purchasing the annuity payment. This saves you the trouble of calculating percentages and paying hidden fees. You are guaranteed a specific portion of your total annuity settlement and within an agreeable time frame, usually within 30 days or less.

Do something about unpaid debt, and do it now. Carefully weigh the pros and cons of surrendering or selling annuity settlements, and determine what option is best for you.

6 Reasons to Sell Your Structured Settlement

structured settlement annuity

These are dire times financially for a lot of Americans. One study showed that the average American owes about $3,700 to various credit lenders, and student loan debt is up to a mind-blowing $1.3 trillion in the year 2015. Auto loans add up to an outstanding balance of $934 billion dollars this year, up from $866 billion in 2014. It is estimated that the total debt owed by Americans is up to almost $12 trillion.

The point is that people need all the money they can get their hands on. If you are a recipient of a structured settlement annuity payment, sometimes those payments aren’t enough to cover the costs you need to cover. The good news is that you don’t have to wait on receiving money that is rightfully yours in payments over time — you can get settlement money now by selling an annuity settlement and receiving the money in one lump sum.

So why should you sell your structured settlement annuity? Read on for some points to consider.

    • The money belongs to you. You’re not borrowing against something, it is rightfully yours.
    • Life changes quickly and circumstances can quickly arise that may require you to increase your cash flow.
    • Think about everything you could do with that money if you had it all in one lump sum. You could buy a car and avoid the payment, eliminate payments for student loans, have a down payment on a house, or take the vacation of your dreams, among hundreds of other options.
    • Invest in yourself — sometimes in order to take the steps necessary to change your life for the better, like going back to school or starting a business, you need a little financing.
    • You don’t have to sell the whole thing. You can sell a portion of it and still receive payments in the future. There are many options depending on your situation.
    • It’s not difficult to do. Professionals like us do this every day and know exactly how to get you your structured settlement annuity cash quickly.

Still not sure? Contact us and one of our representatives would be happy to help you!