Sell Annuities the Smart Way

Baby boomers and seniors - those 50 or older – control the majority of wealth in the U.S. And much of this wealth is sitting in low interest bearing accounts, like savings accounts, money markets or income annuities. It’s easy to withdraw money from savings accounts or money markets, but with an immediate income annuity you will face difficulty in attempting to pull your money out in a lump sum. Sometimes the money is absolutely untouchable. But there is another option – sell all or a portion of your annuity payments. Individuals that sell annuities gain access to a quick influx of cash, which they can use for virtually anything.

However, it’s important to sell annuities the smart way. First, consider why you are selling a series of annuity payments. Do you no longer need monthly income payments, and would rather the money be used to invest more aggressively? Do you need a lump sum of cash for an emergency? Figuring out the reason behind your desire to sell annuities better prepares you for analyzing the offers that you will receive.

Second, be aware that you can normally only sell annuities that have some type of period certain term. Deferred annuities, equity-indexed annuities and immediate annuities with no guaranteed payment period are not as easily sold for a lump sum.

After clarifying your reason for selling your annuity and confirming if you have the right type of annuity to sell, your next step should be to gather quotes from different companies that buy annuities. Each company will offer you a different amount for a set of payments, so it pays to do the best research possible when you decide to sell annuities.

Ready to sell annuities the smart way? If so, gather up all your annuity paperwork and call the Annuity Specialists at 1-877-519-8599. Our Specialists can help you during the quote gathering process and answer any questions you may have with regard to selling your annuity.