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Selling Your Annuity: Should You Keep a Single Life Annuity? or Should You Sell Your Annuity?

By Cash Flow Investment Partners Subscribe to RSS | May 18th 2012 | Views:

Monthly annuities come in two forms: joint-and-survivor annuity and single life annuity. With a single life annuity, payments are guaranteed over the lifetime of just one person. These payments are greater because the payments on a joint-and-survivor annuity are likely to be of longer duration. A single life annuity insures the recipient against outliving his or her financial resources and can be an important instrument in retirement planning. However, people sometimes find themselves in circumstances where having a lump sum of money would be preferable to the small monthly payments spread over the course of a lifetime that a single life annuity provides. Perhaps you need immediate cash to cover an unexpected life event, finance a business or pay off debts.

If you find yourself in circumstances that demand more cash than your monthly payments allow you to accumulate quickly, you can sell your annuity for a lump sum payment. Selling your annuity is not difficult and getting cash for a single life annuity can help give you a fresh start financially, eliminating debt and helping you catch up on bills. There are things you should consider before you sell your annuity and one of the primary ones is which legal finance company to go with.

How Do You Sell an Annuity?

Legal finance companies can facilitate the process of selling your annuity in a quick and efficient manner. Any legal financing company should provide free, no-obligation quotes so that you can compare offers and decide to whom you want to sell your annuity. These financing companies should also be willing to manage the majority of the paperwork to make the process of selling your annuity easy and convenient.

These financing companies may also suggest other forms of lump sum cash sources, in addition to selling your annuity, such as state, county, and city pensions, military and government pensions, corporate pensions, and structured settlements, you may find you have other resources besides your single life annuity that could generate ready cash.

The Pros and Cons of Selling an Annuity

Whether you decide to keep or sell your annuity is a highly individual decision. Ultimately, only you can determine whether holding onto or selling your annuity is more advantageous and in the long run you may decide that selling your annuity is not a choice that’s right for you. However, you should understand all your financial options and the opportunity to sell your annuity for a lump some of cash is one of those options if you are the recipient of single life annuity payments.

Cash Flow Investment Partners - About Author:
CFIP, known as Cash Flow Investment Partners offer services on a domain (website) designed for advertising and sponsoring. Users can use the website to locate investment partners that can help them selling structured settlement, selling your annuity and structured settlements. It is a comprehensive professional group of advertisers with easy navigation capabilities. To learn more about the sale of the domain, visit online today at

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