Selling Annuity

The Selling Annuity Process

There are a number of different programs whereby an individual can access any portion of their annuity. The selling annuity of a structured settlement process firstly requires that a court order be obtained which authorizes the sale. This is required by all states and by Federal Statute. The advantage of needing a court order prior to selling the annuity helps to protect you. The court helps to determine that you are receiving a fair amount when selling the annuity and that any remaining payments that aren't sold are protected.

Typically, the selling annuity process once submitted for court approval will take approximately 90 days to complete. Anyone who tells you differently does not know what they are talking about. Now, as we said, there are a number of programs regarding the selling of the annuity. For example, you may want to sell only five years worth of payments for a lump sum and still enjoy receiving the remaining payments monthly. This can be arranged with the buyer/broker. You should ask about different options and find the best one for you.

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