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5 Steps On How To Sell Your Annuity Or Structured Settlement

5 STEPS ON HOW TO SELL YOUR ANNUITY OR STRUCTURED SETTLEMENT DETERMINE HOW MUCH MONEY YOU NEED AND SELL JUST ENOUGH TO COVER THAT AMOUNT 3 REASONS WHY PEOPLE MIGHT WANT TO SELL THEIR ANNUITIES ARE TO COVER THEIR: CREDIT CARD DEBT MEDICAL DEBT STUDENT LOAN DEBT The average US household credit card debt stands at $16,140 $16,140, counting only those households carrying debt. The average American has $1,766 in overdue $1,766 medical debt. The average class of 2015 graduate with student-loan debt will have to pay back a little more than $35,000. $35,000 CONSIDER SEEKING OUT FINANCIAL AND LEGAL ADVICE Federal law, HR 2884, which took effect on July 1, 2002, provides a safe harbor for any individual wishing to cash in 1/3 their payments. Over two thirds of the states have laws that allow the sale of structured settlements and insurance payments. FIND A COMPANY TO SELL YOUR ANNUITY TO Keep in mind, though, that you will have to pay fees to get the money you need. Withdrawals made from typical annuities BEFORE AGE 59½ are subject to taxes and a 10% early-withdrawal penalty. COMPLETE THE PROCESS In order to sell your annuity, you will need a court's approval. This 30-90 means that the process could take anywhere between 30 to 90 days to complete. DAYS USE YOUR MONEY AS YOU NEED After all is said and done, you'll more than likely be glad with your decision. In fact, 92% of people are satisfied with their decision to sell their annuity. SOURCES: Brought to you by: STRUCTURED ASSET SERVICES

5 Steps On How To Sell Your Annuity Or Structured Settlement

shared by structuredasset on Jan 15
Whether you need to pay off credit card debt, medical bills, or student loans, or you’re just a little light on cash, selling an annuity is a great way to come up with the funds you need quickly.


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