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.

The approaching holiday season may feel bittersweet to some. The present economic crisis, while showing signs of recovery, is doing so slowly, and many are feeling the pinch of holiday responsibility.

For those receiving payments from a stuctured settlement annuity, however,there's an easy way to grab some holiday cheer. While Structured Settlement Annuities offer a guaranteed periodic income, they don't meet immediate or unexpected financial needs.Due to a growing nascent market of structured settlement companies, holders of structured settlement annuities no longer need to feel locked into a rigid periodic payment plan.

Payments for a structured settlement annuity can be made for the life of the claimant. Structured settlement annuity recipients can sell their future payments for a lump sum of cash that they can use to:

• Eliminate outstanding debt
• Pay off credit cards
• Reduce medical bills

During the upcoming Holiday Season, the time may be right to get that much-needed extra cash. Whether you need money for presents,a new car, bills or a new car, selling your structured settlement annuity payments can offer you the freedom you deserve. RSL Funding, LLC is an industry leader in funding structured settlement annuities. They have refined the process of getting cash to clients quickly and efficiently, and many clients who wish to cash out or sell structured settlements annuity payments, and other long-term receivables have found them knowledgeable and experienced.

In some court cases when a plaintiff settles for a sizeable sum of money, the defendant or the plaintiff's attorney will propose paying in installments rather than a single lump sum. When a settlement is paid in this way it's known as a "structured settlement". Quite often the structured settlement is created by purchasing annuities, which will guarantee payments in the future.

Some who are awarded structured settlements feel locked in by periodic payments. If they wish to purchase a new home, or have some other expensive need or want, they may be unable to muster the resources because they can't borrow against future payments under the terms of their settlement.Therefore, some seek to sell their future payments for a lump sum settlement.

When a large sum is paid over a period of time, there may be some tax advantages, and it does guarentee future income. By opting for a large lump sum all at once, one gets a large amount of money all at once, with nothing saved for future expenses. Some people who are injured and suffer ongoing medical bills will often need money for future care, and structured settlements are good for that.

But you might have a good reason for wanting a large sum of cash right away, instead of smaller amounts spread over a period of time. You might want to further your education, or purchase a home, or have another good reason for needing some, or all, of your settlement money up front. This is a good time to consult a structured settlement company.

RSL Funding has quickly become an industry leader in funding structured settlements. Their on-hand capital enables them to advance money to their clients – in many cases while the approval of the structured settlement purchase is pending. Their expertise and creativity enable them find solutions – even where others have failed – all at NO COST to you. Fill out the form above to get started, or give them a call at 800-543-6513.

Why Selling your Annuity Payments Makes Sense

An annuity is initiated when someone gives a life insurance company money which may grow on a tax-deferred basis; this can then be distributed back to the person. A common characteristic of all annuities is the option for a guaranteed distribution of income until the death of the person or persons holding it.

One misconception about annuities is that they're unsaleable.If the annuity is deferred, you might have to pay fees to cash out. You may even have been told that if it had already started disbursing, you could not sell annuity payments.

In the last few years, a secondary market has emerged that allows you to sell annuity payments for a lump sum payment. RSL Funding, an industry leader in funding structured settlements, specializes in purchasing annuities, and are an engaged resource if you've decided to sell annuity payments.