: Settlements > Sell Your Annuity Payments

An annuity has a stream of income or payments from an insurance policy, which can be sold to a third-party funding source, whole or just for a specific term or number of payments under the annuity. The fact that you can sell annuity payments allows you, as the owner or beneficiary, to gain immediate access to the entire annuity or a portion of the annuity's stream of payments or cash value rather than waiting for it to come in over the years.

It allows you to get your money upfront and do with it as you see fit. In short, you can cash out your annuity.

When you sell your income stream of annuity payments the third-party purchases the your income stream payments at a discount in order to provide a satisfactory return to their portfolio. The entire procedure can be a short process and can be funded within a matter of days once the due diligence has been satisfied and all filings are completed.

Choosing the right specialty finance company to work with is an important decision, and many people do not know where to turn for advice. Ask a lot of questions and make sure that you understand all of the details before committing yourself to any deal. It is probable a good idea to get proposals from a couple different companies in order to get the best payout.

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