Annuity Settlement

Selling Your Annuity Settlement could Bolster your Resources

If you are experiencing something of a financial rough patch, or simply are in need of additional resources, selling an annuity settlement such as a trust fund or structured settlement could get you back on your feet. Structured settlements are usually awarded as a form of gradual compensation for injuries sustained where another party is liable, in order to compensate for any possible loss of income. Money that comes in small drips is not particularly useful, and selling could be a judicious move.


Trading an Annuity Settlement for a Lump Sum is Easy

If you would rather have a lump sum than continue to receive insignificant payments, this can easily be organized, providing there is no stipulation that you may not do so in the text of your settlement agreement. It is relatively quick for the courts to process the change of payment receiver, and this usually takes two to three months. After this time has passed you can spend or save the money as you choose.