Being the recipient of an annuity or structured settlement payment is great in a lot of ways. You have the security of an additional stream of income, no matter how large or small your checks may be or how frequently they may arrive.
Yet it can also be frustrating. Sometimes it would be convenient to get cash for settlements or lottery winnings up front instead of having to wait until the next check arrives. As we all know, unexpected financial challenges can arise, and having access to that money would ease your stress.
Well, you’re in luck. There is a way you can sell your annuity, either partially or in full, and receive a larger sum of payment straightaway. Consider selling your annuity to a trusted financial institution in order to get the most out of your earnings.
- You Need to Get Yourself Out of Debt.
Debt is unfortunately all too common n this economic climate. Some one in five young Americans, age 18 to 24, describe themselves as being in “debt hardship,” which can cripple financial opportunities for a bright and secure future. If you sell your annuity for enough money to pay off student loans or credit card debt, you can buy yourself a pathway forward.
- You’re Ready to Make a Lifetime Investment.
Buying a house? The average cost in 2010 for a new home was $272,900, and mortgaging companies can require a down payment of up to 20% of the sales price. The more you put down now, the less you’ll be paying in interest and mortgage rates down the line. You could really save yourself a lot of money in the long run by selling a structured settlement for a hefty down payment.
- You Have Ongoing Medical Bills.
Unexpected healthcare needs — and even the expected ones — can be incredibly expensive without proper insurance. Especially if your medical needs are a result of an accident or injury that earned you your annuity payment in the first place, don’t hesitate to ask about selling that annuity in exchange for up-front funds. This way you can avoid mounting debt.
Don’t limit yourself to receiving small incremental checks when you could be receiving a lot more. Talk today with a specialist about how to sell your annuity and access the money that’s rightfully yours.