Taking Time to Sell Annuity Payments, Part II
- This was posted on June 21, 2009
In the last post I talked about how accustomed I had become over the years to the structured settlement payments that I had been receiving. The money I had gotten in a personal injury settlement was safe in an annuity and I saw payments on a monthly basis; something that had been integrated into my cash flow over the years. The money was helpful to be sure; but I always wondered how much good I could do with it if I could have it in a lump sum – such as three or four payments at one time so I could pay off a credit card or a dozen payments at once so I could pay off all of my debt. I had heard over the years that there was the possibility to sell annuity payments but it just seemed like a process that would take too much time and effort. I was already busy enough day to day; I couldn’t imagine having to take time out of my schedule to figure this out as well.
If I had known how incredibly convenient it was to sell annuity payments I would have done it long ago. When I finally had a minute to think it over I thought it wouldn’t cause any harm to get in touch with a buyer of structured settlement annuity and get some information. By the end of that conversation I was already well on the way to sell future payments for cash.
The most time I spent in this process was finding a reputable buyer of structured settlement annuity payments with which to have this initial conversation. I found one that had a great reputation and was highly regarded by those who had worked with them over the years. They explained the process to me in simple terms – about how I would determine how many payments I wanted to sell and they would give me the cash value. It was simple, easy, and gave me options that I didn’t know that I had available.
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