Selling Annuity

Selling your annuity might be a good option for alleviating debt or paying down a financial hardship but it shouldnt be a decision taken lightly.

Selling annuity. Complete and submit required paperwork. If you need money quickly for any reason selling your annuity will give you cash quickly. IRC Section 72 governs the earnings taxation of annuity contracts.

Selling annuity payment is the best way if you really want to gain cash. In Illinois you need to take a 4-hour Annuity Suitability course. 2 After receiving the details of your annuity we will send you a quote to buy your annuity.

I Buy Annuities. If your financial needs have changed recently selling the rights to these payments in exchange for a lump-sum payout from a company that specializes in buying annuities can give you some financial flexibility. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you either immediately or in the future.

Receive a quote. There are some drawbacks to selling an annuity. Receive your money.

Here are some of the most common. The major cost of selling an annuity is the discount rate. For an in-depth view of the annuity selling process visit our page on how to cash in on your annuity.

Pros Nearly instant cash. Pros and Cons of Selling Your Annuity. There are several reasons for selling your annuity.