If you need to sell your annuity payments it is very important to consider who you sell it to. There are great deals out there and bad deals. Realize that no matter if you're selling a structured settlement, life settlement, lotto winnings or any type of annuity you will be giving up a percentage to get a lump sum now.
But how big of a percentage? Well, it depends. There have been sellers who have given up as much as seventy percent and there have been people who have done deals under ten percent. The average deal ranges between twenty and forty percent. In this author's opinion twenty to forty percent is too much. Your deal needs to come in at under twenty percent. You should give up the least amount of money possible to secure a deal.
How to get the best deal?
Good question. Here's how. You make them compete. The way most people do this is by calling every annuity funder under the sun and getting quotes and then shopping those quotes to other funders. It does and can work, but it takes time, it takes back and forth, it takes shuffling. You are required to speak with a lot of fast, smooth talking salespeople. It can be emotionally and psychologically draining. However, it's better than just going with the first person you talk to, because it is guaranteed that is how you'll lose money.
Another secret to getting a great deal is do no come off as desperate. These people are not your friends. If you let your guard down and let them in and confess your financial troubles they will take advantage of you. Keep it all business. Tell them you're interested in exploring acquiring a lump sum, but in no way do you need to do this. You're in research mode, collecting quotes. If the quote comes in low enough you may be motivated to sell, maybe not. It depends.
If you follow these basic tips you will be on your way to a fair deal.
Sarah Celeste has discovered a site that makes annuity buyers compete for your business. You sign up with the details of your annuity or settlement and the buyers compete for your business. No phone calls. No hassles. It's all online. Sign up for a no-obligation quote from multiple annuity buyers. Sell Annuity Payments
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