Selling your Annuity and Settlement Payments? How an Annuity Quote can help
As you’re planning your retirement strategy for the years ahead, one option you may consider is the purchase of an annuity. But what if you’ve already purchased an annuity, and an emergency arises? Getting a good annuity quote on your periodic payments will allow you to be selective about choosing a structured settlement company to sell them to.
What is an Annuity Quote?
In the past, annuity holders had to retain them for life—even if they needed to provide for unforeseen financial hardships.In 1988, the SEC allowed the sale of annuities; since then, investors have been able to sell all or part of their future annuity payments.
Companies like RSL Funding, LLC, can provide you with a free annuity quote, right on their web site. Their professionals staff are experts in helping clients sell annuity payments they no longer wish to receive in exchange for a lump sum of cash.
Why you should get an annuity quote
Getting a good annuity quote ensures you get to choose the offer that’s right for you. It’s an important decision, and it helps to have as much data as you can.
I have a Federal Retirement Annuity payment but need a lump sum to payoff debts, how does this work.
I would like to receive an annuity quote on my guaranteed income.
After tax total payments received —
- $50,266 in 2006
- $49,945 in 2007
- $79,848 in 2008
- $41,890 in 2009
Payments come quarterly, and 2009 income total is shown in the four payments.
Payment received quarterly —
- $12,310 on March 2, 2009
- $ 8,060 on June 1, 2009
- $ 9,670 on September 1, 2009
- $11,850 on December 1, 2009
And
- $13,640 on March 1, 2010
The monthly annuity payments vary according to the market price of oil, as this income comes mostly from the sale of petroleum.
The minimum annual payments in the future will be $40,000 per year. When the market price of oil returns to 2008 high prices, then over $90,000/yr can be expected.
This is a annual annuity that has been paying for over fifty years, and has no future expiration date.
Joe Cooper
Phone: (719) 539-4009 Cell: (719) 221-0852