How to Cash in an Annuity or Structured Settlement

How to Cash in an Annuity or Structured Settlement

The process of selling an annuity or structured settlement is not difficult, but it does involve going before a judge for their approval.

The Process for Selling Annuity Payments

The selling process for annuities or structured settlements is simple. But before you make the decision to sell, you must first decide if you truly need your money now.

Once you make that decision, you can have a free quote in hand in only a few minutes, and within 90 days you can have money in your bank account or a check in your pocket.

The typical process for selling an annuity or structured settlement can be summed up in these six easy steps:

Contact a purchasing company for a free quote. Our experienced customer representatives can also help you obtain a quote.

Evaluate your offer, compare it to others, and accept a contract offer.

Get your cash advance to help pay for your living expenses while awaiting a court date.

Go to court, where a judge will review your case.

Send a copy of the approved transaction order to the insurance company.

You receive full payment.

Deciding to Sell Your Structured Settlement

If you are reading this page, chances are you’re already considering selling all or part of your structured settlement. That’s good. You’re doing your homework.

Now is the time to determine if this is the best decision for you and your family. Start by reading through your annuity or structured settlement contract, or even sitting down with your attorney or accountant to review the details. You should know and understand that document thoroughly before getting started.

Then ask yourself some tough questions, and answer them honestly:

Do you absolutely need cash right now?

Is the reason you need money valid? Are you spending on a “want” or a “need”?

Is this the best possible way you can raise the money you need?

Will the sale of rights to your future payments jeopardize your financial security?

What type of sale works best for you — full, partial, split or reverse?

If you think these questions are hard, get used to them. These questions – among others – are ones 

you’ll have to answer if you decide to make this quick journey. Until you can come up with the right answers, you shouldn’t proceed.

The answers that lead to a decision to sell typically involve long-term, personal investments including:

Purchasing a new home

Providing for a new baby

Investing in continued education

Investing in a new business venture

Paying off debt

Getting Your Free, No-Obligation Quote

After making the decision to sell, it’s important to shop around for the best quote. Do your research to find a trustworthy seller that can provide you with the best service and the best deal. Take the time to ask for advice or recommendations from lawyers or accountants. Do all that you can to find a buyer that’s reputable and has a proven track record of success.

You can also call us to find out how much your structured settlement or annuity is worth. We can recommend trustworthy factoring companies to work with, including our partners