When you need a down payment for a new home or to pay for a life emergency, it may be time to cash out your annuity or structured settlement. How much money you can get from your future payments depends on a variety of things – interest rate, current demand and how much you need now. Learn how time impacts value and when you should sell payments.
Help Line: 855-226-8098
When you purchased your annuity, you worked with a broker or other financial planner to build the policy to help you pay for the things you wanted in the future. If you inherited the annuity, your loved one worked with their advisor to try to plan for your future as well. However, sometimes your life changes in ways you couldn’t imagine back during those planning sessions.
Maybe you’re looking to start your own business, invest in updating your home, or even make a down payment on a new one. Maybe your kids got into an amazing school, but tuition is just a bit more expensive than what you planned for. In life, the only constant is change. Shouldn’t your finances change with it?
Unfortunately, changing your annuity through the insurance company that manages it isn’t easy. In many cases, once you buy the policy, making changes isn’t possible. You’ll still get your money, but only in the small, regular payments you agreed to - even if you want more money to use now.
Call us today at (855) 690-8772.