SELL ANNUITY PAYMENTS
What is An Annuity?
An annuity is a contract in which an insurance company or another group agrees to make payments to an individual for a specific period of time. Many times, the person receiving the payments is the plaintiff—or the injured party—in a lawsuit. The choice to settle a case using an annuity saves the defendant much more money than a cash settlement because of a concept called the time value of money. Depending on your financial needs, you may be able to sell annuity payments and receive a lump sum of cash instead of waiting for future payments.
Are you facing financial challenges and considering options to sell your annuity payments? If so, you can sell your annuity payments to DRB Capital for a lump sum of cash. Contact us at 855-582-9975 to learn more about how we can assist you or your independent advisor in turning your future annuity payments into the cash you need today!
Annuities are designed to provide income over a long period of time—generally several years. There are multiple kinds of annuities; many lottery winners receive an annuity for their jackpot winnings, for example. Just because an annuity guarantees payments over a period of time does not mean it is always a good choice for the plaintiff in a lawsuit; however, there are many circumstances that may lead someone receiving annuity payments to consider selling some or all of their future annuity payments for a lump sum of cash rather than waiting for payments over several years.
Why Do People Sell Annuity Payments?
If you have been injured because of someone else's negligence and have received a settlement in the form of an annuity, you may also have many expenses related to your injuries. Since lawsuits and settlements can take months or years to conclude, those bills may pile up. If you have these kinds of expenses, selling annuity payments for a lump sum of cash may be helpful; you can take care of bills and get your life back to normal.
Some other reasons you might want to sell your future annuity payments for cash you can use right now include paying for your education—or the education of your children or loved ones. You may want to buy a house with your annuity money. Other major expenses include purchasing a car or starting a new business. In all of these cases, it may make sense to sell annuity payments in exchange for a lump sum of cash. Whether you choose to sell all or only a portion of your future annuity payments, understanding your options can help you make an informed financial decision.
What Kind of Annuities Qualify?
We explained earlier that there are many different kinds of annuities, including pension annuities, lottery jackpot annuities, deferred annuities, and more. The primary annuity type that DRB Capital is able to purchase is an annuity that comes from a lawsuit. If you have received a settlement that includes an annuity payment, we can answer questions you or your independent advisor may have so you can determine whether you qualify to sell your future annuity payments and receive some or all of your cash as a lump sum.
Knowing whether your annuity qualifies depends on a number of factors. Please contact us with any questions you or your independent advisor may have about whether your annuity qualifies. One of our experienced professionals will review the details of your annuity to help determine whether your annuity qualifies and answer questions you or your independent advisor may have about how we purchase annuity payments and what the process involves. With DRB Capital, you will work with the same experienced professional throughout the process, so you or your independent advisor are fully informed throughout the process.
What is Time Value of Money?
Time Value of Money is an important concept in annuities and structured settlements. In simple terms, the idea is that the purchasing power of money tends to decrease over time. You can see this in everyday life: something that cost $5 a few years ago may cost $7 today.
For example, in 1983, daycare cost about $40 per week; by 2011, however, the average cost had increased to $143 per child per week. Similarly, in 1985, the average rent for an apartment was $315 per month, while by 2013 that cost had increased to $1,062. These examples illustrate how the cost of everyday goods and services can increase over time. Even today, many people continue to experience rising costs for housing, groceries, healthcare, and other everyday expenses.
With that in mind, consider how long it will take your annuity to finish paying you; how much will the money be worth by the time you reach, say, the year 2033? If you need money for a major expense or are interested in investing in education or a new business, you may want to consider selling your future annuity payments for a lump sum of cash instead of waiting for future payments.
How to
Sell Annuity Payments
Selling annuity payments begins with understanding your options and determining whether your annuity qualifies. After reviewing your annuity and payment schedule, DRB Capital can discuss the available options for selling some or all of your future annuity payments. If you decide to move forward, our experienced professionals will guide you through each step of the process. We'll help you gather the necessary paperwork to get the process started, handle the court approval process required to sell your annuity payments, and keep you informed as your transaction progresses. Once the process is complete, you will receive your cash. Learn more about how the selling process works and what to expect from start to finish.
Are you exploring the option to sell annuity payments to receive the cash you need? If so, DRB Capital can purchase your annuity payments for a lump sum of cash. Contact us at 855-582-9975 to learn how selling annuity payments could provide the financial relief you need today!
DRB Capital does not provide professional financial or legal advice and the Site is not intended as a substitute for professional financial or legal advice. Persons accessing this information assume full responsibility for the use of the information and understand and agree that DRB Capital is not responsible or liable for any claim, loss or damage arising from the use of the information. All content provided is for informational purposes only. DRB Capital makes no representations as to the accuracy, completeness, currentness, suitability, or validity of such content and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
