Cash for Annuity

Is This the Right Time to Sell Annnuity for Lump Sum?

By June 18, 2012 April 1st, 2020 No Comments

We know that less business is undertaken in summer time than in other times of the year. in this vein, it may also not the time of year that you may want to start the process to SELL ANNUITY for a lump sum. While we totally understand that you may want to focus on other things in the summer than the financial demands you have coming up, and instead you want to spend more time considering things like the next barbecue, this may in fact be the best time of year to get the process of receiving your lump sum underway.

One of the reasons why its a great time to considering starting the process to sell annuity or to sell part of an annuity for cash now, is that depending on where you live (i.e., the State) and the type of annuity you have (is one you received or inherited that was issued in connection with personal injury settlement), it may take longer than you anticipate to complete the transaction and get funded. While Catalina Structured Funding has national expertise that allows us to fund lump sum for annuity transactions fast, the law has certain requirements that must be met and those requirements have certain time restrictions. If you are curious what the time frame in your particular state may be, call one of our experts and we can provide you with a free estimate.

From time to time people will call us looking to sell annuity and get a lump sum immediately. While we do provide our customers with immediate advances on the cash lump sums for annuities, the payment of the full amount will take more time. In other words, if you know you are going to have a need for money coming in the future, either for back to school or some other event in the fall, it is better to get on the phone with us soon so we can walk you through the process and explain what the time between signing the contract and final funding will be. Of course, there is no cost to you for this conversation.

Also, its critical to know that some annuities, i.e., those not from personal injury lawsuits, can be in many cases assigned, sold for a lump sum much quicker. Our team has experience working with people to cash out both types of annuities (structured settlement v. regular).

In any event, the team at Catalina Structured Funding is here to discuss your lump sum for annuity options and to provide you with a better offer than other structured settlement buyer. Call us today at 1-800-317-3769.