Where to Sell Your Annuity for a Lump Sum of Cash - DRB Capital
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People become annuitants for several different reasons. Some individuals invest in annuities for retirements, and other people may receive annuity payments as part of their structured settlement from a previously finalized lawsuit. Regardless of the reason why people have annuities, some eventually decide that it would be in their best interest to sell some or all of those annuity payments. If you’ve also decided that it’s time to take the next step in selling your annuity, you may be researching where to sell your annuity payments for a lump sum of cash. When it finds to figuring out where to begin and what company you’ll ultimately end up working with, be sure to consider the following:

Make a List of Some of the Top Funding Companies

sell your annuity paymentsBegin your search by scouring the web for some of the nation’s top  funding companies out there: This includes the companies that have been in this industry for a long time, and that have clearly demonstrated their knowledge and expertise in this business. Although new companies have been cropping up in recent years, only a select few remain pioneers in the industry. Working with one of the nation’s leaders in purchasing annuity payment rights is a surefire way to guarantee the process goes smoothly. After all, when it’s a decision regarding your money, it’s not a decision you’ll want to take lightly. Once you have a list of a few options, you still may be wondering where to sell your annuity payments, so you’ll want to move on to the next step.

Annuity Funding Options May Vary

cash for your annuityNot all annuitants may qualify to sell their payments, as not all payment streams are created equally and with identical terms and conditions. To determine where to sell your annuity payments, you’ll want to shop around and compare the top choices. Find out what your options are when it comes to cashing out your annuity. This can help you narrow down your list even more and ultimately determine where to sell your annuity payments. You’ll also want to consider the companies that provide more freedom and flexibility when it comes to selling your annuity payments, such as selling just a portion of your payments upfront for a lump sum of cash, while keeping the remainder of your annuity intact. We want to offer annuitants the freedom to sell the amount that they’re comfortable with, and that is most sensible for their financial situation. This could mean getting the best of both worlds: selling annuity payments for cash now while leaving the remainder of your annuity as-is. The great thing about this option is that annuitants with qualifying payment streams can always decide later on to sell more payments, if they choose.

Verify their Reputation

selling your annuity paymentsYou want to be confident in your choice when it comes to deciding where to sell your annuity payments, and there is no better way to do this than by verifying their reputation. A company’s popularity is a good indication that they are doing business the right way, and perhaps you’ve even read an abundance of positive feedback from real customers or spoken to someone who directly dealt with one of the companies you are considering. While these are good ways to verify that your top choices are trustworthy, one of the best ways to determine if they have a good record is to look up their Better Business Bureau (BBB) profile and rating. If they have a poor score, negative feedback, or lack a profile altogether, they may not be the best company to work with.

DRB Capital Can Help

If you’re unsure about where to sell your annuity payments, look no further. With a long-term reputation of customer satisfaction, we are happy to help you settle on an option that provides you with the lump sum of cash you need. Contact us for more information about the process, to find out if your annuity qualifies, and for your no-obligation quote.

 
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