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Sell Annuity

Updated on March 19, 2010

Selling annuities can be a great way for you to get some extra cash on the spot. Although you may not get the full amount as you would if you waited for the annuity payments, sometimes cash in hand is needed.  So, if you do need to sell annuities and you want to learn how, then you have definitely come to the right website.

I am going to go into what an annuity is for those who do not know, and then I am going to show you how to go about being able to sell annuity payments. it does not have to be complicated, and you can get the financial relief you need if you are able to to sell the annuity

Hopefully you will be able to decide if selling the annuity will be right for you, and if so, how you can go about doling that.

What is an Annuity?

If you just stumbled across this website, and you aren't sure what an annuity is, let me break it down for you.  An annuity is a type of investment or other sort of payment that will pay out each and every month.  It works by investing a large chunk of money or getting a large settlement in a suit, and then depending on the type of interest rate you get, you will get monthly payments for a set amount of time.

The amount of time you get payments for has a lot of factors.  If it is from a settlement, then it will be for a set term, until all of the money is paid.  If you get a life term annuity, then you can receive payments for the rest of your life.  There are other factors involved that determine how much each monthly payment will be, but for the most part, it is set ahead of time and you can expect that much each month.

Why Do People Sell Annuities?

There could be many different reasons as to why people would choose to go and sell their annuity payments.  One of the reasons would be that they are able to get another annuity at a better price and interest rate than their current annuity.

Another popular reason is to pay for either their own education or for the education of their children.  With college fee rates going higher and higher, they may choose to sell annuity payments in order to get a larger amount of money at one time.

In this current economic crisis, people may choose to sell their annuities because they have lost their job, or they need it to pay for their mortgage so their house does not get foreclosed on.

Some people have medical bills, and others just want to invest in something else.  Whatever the case is, if you want to sell your annuity, then you have definitely come to the right place.

How to Sell an Annuity

There are various ways to go about trying to sell an annuity.  Obviously, each option will depend on your comfort level as well as how much the annuity is worth and how much you expect to make from selling the annuity.  Different places will buy it for different prices, so you'll want to shop around to make sure you find one that is reasonable and acceptable to you.

You may want to shop your annuity to big companies that buy annuities because they have the resources (including the money) buy the annuities from you.  But, the downfall with that is that you'll probably have to pay a fee and since it is a larger company that deals with a lot of annuities, you may not get as much as you are hoping for when going with a large company to sell annuity payments.

You can also sell it to an individual buyer, but there are a lot of legal things, that while can be done by the normal person, does turn a lot of people off from it because of the added complexity.

You can also use the annuity as collateral when getting a loan from the bank or other financial institution. 

Or, you can try to get the annuity changed to less payments of larger amounts if you aren't needing the whole entire amount at once.


If you need to or want to sell an annuity, then there are definitely multiple options for you to look at, and so it is up to you to determine which options works best for your comfort level as well as your financial situation.


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    • thevoice profile image


      8 years ago from carthage ill

      very informative work


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