Instructions
1Talk to your insurance agent to see if you can cash in your annuity without selling it. Since each kind of annuity has different terms, you may be able to receive a lump sum, but be sure to ask what penalties are involved. Or you may find that your only choice is to sell your annuity payments on the secondary market. Either way, it's worth discovering all your options.
2Contact a company that buys annuity payments on the secondary market and ask for a free quote. To find a potential buyer, you can ask your insurance agent or financial planner for a recommendation, or search online for a company that buys annuities, but be sure to check out the company's reputation online as well. And don't accept the first offer you receive.
3Compare quotes from several companies and make sure the representatives answer all questions you have before you make a final decision to sell. You can sell all or part of your annuity payments, so you may want quotes for only part of the payments, as well as the total amount. Ask about tax consequences also and discuss them with a CPA or other tax advisor if you're not sure how selling will affect your taxes. Once you've considered all your options, you can sell your annuity payments with confidence, knowing you've made the best choice.
Read more: http://www.ehow.com/how_5392111_sell-annuity-payments.html#ixzz33OSRK6NY
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