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Annuity Payment FAQs
Have questions about annuity payments and how you can sell annuity payments for cash? Get the 411 on everything you need to know with our Annuity Payments FAQ.
Can I sell part of my Annuity?
Yes, you can sell part or all of your annuity payments.
Here are some options:
- You can sell 3, 5 or 10 years for a lump sum
- Sell all of your payments
- Sell a percentage of each payment
- Sell a single payment due in the future
When you call Woodbridge, our experienced account executives will discuss your financial needs with you, review your options, and help you see which type of deal can work best for you!
Cash for annuity payments – Is it a good idea for me?
The answer is yes and no. Selling your annuity payments for cash should not be done without carefully assessing your existing financial situation, and considering what your future would look like without having a steady stream of that cash, month after month. On the other hand, selling your annuity payments for cash has a terrific upside. The most important is that you will receive one lump sum of cash that represents all the payments you would have received over time.
How Can I Get Cash For My Annuity Payments?
If you are presently receiving – or scheduled to receive. monthly or annual payments from an annuity, whether it’s from an insurance company, through lottery winnings, or some other long-term financial agreement – you may also be considering the option of getting cash for your annuity payments for one lump sum. In fact, thousands of people across the United States have already done so.
How do I know if selling my annuity payments is a good idea?
Selling your annuity payments for cash should not be done without carefully assessing your existing financial situation. Consider what your future would look like without having a steady stream of that cash, month after month. If that worries you, you should speak to a financial advisor and explore all of your options.
If your financial future would be improved by having access to a lump sum of cash now, rather than steady payments over time, then you may want to consider selling all or a portion of your annuity payments.
How do I sell my annuity for cash?
It’s easy. Click here to get to our “Get a free quote” page, tell us a little about you, and we’ll contact you right away to help you get the cash you want, when you want it.
Or you can call us at 866-708-0422. Before you know it you’ll be well on your way to financial security.
How long does it take to get a free quote?
Our experienced account executives will review your information and provide you with a FREE no obligation quote within 24 hours after you contact Woodbridge.
How long does it take to get the lump sum cash for my annuity?
Woodbridge works hard to complete your transaction quickly so the lump sum you’re looking for can be yours quickly. The process usually takes about 30 to 90 days, depending on state requirements and court availability.
Is it legal to sell my annuity payments?
Absolutely. In fact, legal regulations protect your best interests throughout the entire process. That said, you’ll obviously want to work with an established, trustworthy firm like Woodbridge.
What are the benefits of selling my annuity?
From buying a new home for a growing family to building a new business and solving unforeseen hardships, selling all or part of your annuity payments to Woodbridge means you’ll have access to immediate cash.
What can I do with the cash for my annuity payments?
Simply put, you are free to spend it however you see fit. Pay off your high interest credit cards, remodel your home, buy a vacation home, pay for your child’s – or grandchild’s – education� it’s entirely up to you.