How To Sell Your Annuity Payments
Setting up an annuity is meant to be an investment to help you plan for the future. Sometimes, however, the vision that you had does not play out as expected, leaving you in a tight spot where extra cash is hard to come by, even with your periodic annuity payments. When you decide to sell your future annuity payments to J.G. Wentworth for a lump sum, you can rest assured that you’ll receive the cash you’re looking for when you need it most.
Thanks to our extensive experience, the process of selling your annuity payments is straightforward and relatively fast. Here, we walk you through your options for selling your amounts and the process itself.
Annuity Sale Options
When considering selling your annuity payments, it doesn’t have to be all or nothing. In most cases, there are three different routes that we can take.
Selling a Portion of Your Payments
When you sell a portion of the future annuity payments that you’ve guaranteed, it will be in one of two ways:
Sell Some of Your Payments
It involves selling all payments during an agreed-upon amount of time. Once the period in which you’ve sold your payments has passed, you will continue receiving your annuity payments.
Sell a Portion of Each Payment
You can also elect to sell a part of each payment that you receive, so J.G. Wentworth will receive the designated amount from your fees each time you are scheduled to receive one, and you will continue to collect the rest.
Sell All of Your Payments
Selling all your annuity payments would yield the most significant lump sum of cash. In this scenario, we will purchase all your remaining payments. You will receive your lump sum of money in a one-time fee, and we will collect the scheduled annuity payments that you would have received over time.
