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Cash For Annuity Payment
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Can You Get Cash For Annuity Payment?Rather than wait to receive money monthly you can get cash for annuity payment today from what is known in the industry as a note buyer. Many people who find themselves in need of an immediate source of cash choose to sell their annuities either in their entirety or just a portion of the payments.
Annuities can refer to a variety of different financial arrangements but basically they all work out to a steady, monthly payment for a set number of years. In a structured settlement, which refers a financial plan for injury victims, the insurance company sets up an annuity whereby the victim receives x number of dollars, tax-free, for x number of years. You can also personally invest in an annuity, which works sort of like life insurance. You pay a certain dollar amount every year for a certain number of years, and in return when you reach that point you start getting x number of dollars a month for a specified amount of time.
Regardless of the type you currently have, you can receive cash for annuity payments if you have a need for a large sum of money in the short term. It certainly is much easier than applying for a loan at the bank or with another creditor, and it can usually be executed with 10-14 days with an experienced note buyer. Many people choose to do just this to free up funds for a new investment opportunity, a big purchase or some other financial need.
How do you know the total amount of cash for annuities you will receive?
There is no way to determine the exact amount you will receive for your annuity before you speak to a note buyer. This is because there are a lot of factors involved that must be considered in order to arrive at a quote. What is the balance, how much time is left, what are the inflationary concerns, how financially stable is the payor?
These are a few of the questions a buyer offering cash for annuity payment will ask in order to determine how much your annuity is worth. Also, keep in mind that you do not have to sell the entire annuity. Rather, you can sell just a portion of it and retain the rest. You can also often split the monthly payments, so you receive some and the buyer receives some.
That's why it's so important to find a reputable, experienced note buyer to purchase your annuity from you. He or she will be able to present all of the available options to you so you can make an informed decision. And remember, money today is always worth more than money tomorrow, so you really can't go wrong with a cash for annuity arrangement.
Do you have a note to sell?
Our experts have researched dozens of top note buyers across the country to determine which are the very best.
In order to arrive at their top recommendation, they created a list of strict criteria which the company would have to meet. Only after meeting ALL of these criteria would a note buyer become a recommended resource for our visitors.
Here are the criteria they must meet:
* Extensive experience with note buying * Stellar reputation in the industry
* Excellent customer service * Repeat business and referrals
* Maximum prices for notes * Quick turnaround times
* Helpful staff * Qualified underwriting team
* Diversified services * Free preliminary valuations
We set the bar very high to ensure that the company we recommended would provide the very best service to our visitors.
What we found was some companies met most of the criteria, but did not meet a few important ones such as repeat business, competitive pricing or free valuations. Those are very important elements of the note buying process.
There was one company that did meet all (10) of the criteria outline above, along with a few additional criteria that we did not include. We were very impressed with what we found and can confidently recommend the company to our visitors.
If you are ready to sell your note just follow the link provided to visit Nationwide Secured Capital, a leading nationwide note buyer with over a decade of experience in the industry.