How to Sell Annuity Payments for Cash

By: Rising Capital0 comments

If you’re considering selling your annuity payments, you’re likely curious about the sales process. With the right company and a dedicated account executive, your annuity exchange should be a stress-free transaction.

Exchanging your annuity for a lump sum of cash can allow you financial flexibility and freedom. Every year, thousands of annuitants take advantage of the opportunity to have cash in hand to pay for unexpected expenses or life-changing investments. Learn more about the process below to determine if selling your annuity payments is right for you. 

Step 1: Decide to sell your payments

The first step in selling your payments is, of course, deciding to sell. The majority of annuitants decide to sell their payments because they need a lump sum to make a large purchase or investment. This can be anything from purchasing a home or starting a business, to funding your education or retirement. It’s important to consider all possible scenarios that having your money easily accessible could create to truly decide if selling your annuity is the right decision.

Step 2: Contact a Company to Assist You 

After you’ve decided to sell your annuity payments, it’s time for you to find someone you can trust to handle the transaction. Your ideal account executive is transparent and knowledgeable. You’ll need help throughout the process and if you have questions regarding the sale or any related activities, your account executive is who you’ll reach out to. Ultimately, who you choose to assist you during the sale of your annuity can be the difference between you receiving thousands more or thousands less for your payment plan. Many enterprise-level companies who handle annuity sales have large overheads and minimums they need to meet. Due to inflated operating costs, these companies need to charge higher rates to annuitants to turn a profit. At Rising Capital, the opposite is true – our goal is to put more money into your pocket. 

Step 3: Get a Quote

After your account executive has reviewed all of your options and found the best rate, you’ll be presented with a quote. At this point, it’s up to you to decide if you want to accept the quote and move forward with the exchange. When considering your options, remember why you’re doing this. Does accepting this offer make sense for you and get you closer to achieving your goals? If the answer is yes, you’re ready to move forward with the sale of your annuity.

Step 4: Accept Your Quote + Prepare For Court

After you’ve accepted your quote, your account executive will send you paperwork to confirm the sale of your annuity and begin the court process. Your account executive will prep you for your court date, including making you aware of any state-specific rules that need to be followed and advice on what to expect.  

Step 5: Get Court Approval 

On the day of your court hearing, a judge will review your full file to make sure this exchange is in your best interest. Rising Capital covers all associated court costs and legal fees for our annuitants.

Step 6: Get Paid

Once a judge approves the sale of your annuity, you’re set! Rising Capital typically funds our annuitants within two business days of receiving a copy of the Court Order Approval. We understand that the sooner you get your funds, the sooner you can reach your goals, which is why we prioritize fast payments to our annuitants. 

The overall outcome of selling your annuity payments can depend on the company you choose to handle the transfer. When it comes to selling your annuity, you want to pick a company and an account executive who knows what they’re doing and is always honest with you. An account executive with your best interest at heart will make sure your exchange is handled with care. 

If you want to ensure that you’re working with a company you can trust to get you the most money at the fastest rate – reach out to Rising Capital Associates today to connect with your account executive.


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