Looking for an advance loan on your annuity payments? We can get you that loan and money that you are looking for to help you out if you are currently in a tough economic time in your life. What are experts will do is examine your benefits letter and determine how many payments are left in your current structure of payments that you have pending.
If your benefits letter showcases that you do have future payments that you are interested in selling then we can help get you the advance on the annuity and in less than 24 hours you can have $500 fast cash. We can give you more money and even help you to pay your phone bill, car payment, rent, and other things that you are needing the advance on but you just have to let us know what it is that you need so that we can help you out.
The team here at Annuity Sold looks forward to helping you. We can help you sell your annuity for cash today. We’ve helped and assisted thousands of individuals in dire need of financial help and they came to us to help and we will gladly let you speak with our happy clients if you’re serious about selling your annuity or structured settlement payment for cash.
Selling an Annuity is Not for Everyone, But There is a time and place when it makes sense
At some point in people’s lives, they have annuities. These nearly always come into play after retirement, where people use their pensions to buy annuities to cover their future financial needs. You can sometimes find them earlier in life, such as when people decide to cash in a structured settlement.
With $56.7 billion worth of annuity sales in the first quarter of 2016, these are extremely important financial mechanisms. But annuities are not for everyone. This guide is going to go into why they’re not for everyone and where their place actually is.
Great if You Need a Stable Income
The whole point of an annuity is to provide people with a stable income. The way annuities work is that a specific amount of money is paid out annually to the holder of that policy. In most cases, this is a standard amount. There are many types of annuity that offer additional benefits, such as being linked to inflation. However, they also come with higher costs, which you have to take into account.
For anyone who needs a regular guaranteed income, such as those who have retired, this is a tool that you absolutely have to have by your side.
But Inflation Can Bite
Inflation is the biggest threat to the annuity. One of the main problems is that annuities aren’t always linked to inflation. If you want to link them to inflation, it’s going to cost you more in fees. For a lot of people, the amounts they get back because of inflation protection aren’t worth the additional fees they’re paying for managing their policy.
Over the course of ten or twenty years, the value of inflation can lead to huge amounts of money being lost in real terms. This means that a lot of people find themselves in a position where they’re actually getting poorer.
You Can Cash Them Out
The flexibility of annuities means that you don’t have to keep them for the full length of the policy. The name on the policy can be changed at any point. Holders of annuities who want to get their money out are able to cash them out when they want. They can take that annuity and hand it over to someone else.
This enables you to get your settlement cash as part of one lump sum. You will lose a portion of it because you’ll have to pay something out in fees, but you’ll be able to get the cash you need when you like.
But They Can Act as Temptation
Sometimes you do need a lump sum if you’re going to make sure that your annuity can actually let you cover your needs. Unexpected medical expenses and the cost of higher education can make a big injection of cash necessary. You can cash out your annuity, but you also have to keep in mind that this can act as temptation.
Think about what happens if someone without financial discipline suddenly has a huge amount of money in their account. It could lead to them spending that money, or putting it into a risky venture that fails.
There’s no defense against this and you won’t be able to get any of that money back. When it’s gone it’s gone. One of the main points of the annuity is to make sure that you can’t spend the money in one.
You Can Use Them for Those Who Aren’t Ready
Many legal cases involving minors may pay out a lump sum that’s held in an annuity. This is because they’re not yet of age, so it makes sense to keep it in a safe place, while at the same time covering their expenses. Those who aren’t yet ready to control such a large amount of money need to make sure they have a guard against unnecessary spending.
That’s what the annuity provides them with. They’re an effective means of protecting your future needs.
So are they Good or Bad?
This is where a lot of people get into a debate. These financial policies do have their purposes and they can provide you with the financial control you need going forward. The problem is there are so many options on the market that it can get confusing.
You have to make sure that you exercise financial control. Look at the market and see what options are available. Buying one of these annuities could be one of the biggest decisions you ever make, and it’s one decision you cannot afford to get wrong.