Get Cash For Annuity Payments

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

What are Annuity Payments?

Annuity payments are regular payments made over time, usually as a result of an investment or insurance policy. They can be monthly, quarterly, or annual payments.

How to Get Cash for Your Annuity Payments?

  1. Sell Your Annuity: You can sell all or part of your annuity payments for a lump sum of cash. This process is known as annuity liquidation.
  2. Partial Sale: You can sell a portion of your future payments. This allows you to get cash now while still receiving future payments.
  3. Entire Annuity Sale: Selling your entire annuity will provide a larger sum of cash but will end your regular payments.
  4. Structured Settlements: If your annuity is a structured settlement from a legal case, you can also sell these payments.

Factors to Consider Before Selling

  • Discount Rate: Buyers will purchase your annuity payments at a discounted rate, meaning you will receive less than the total value of the annuity.
  • Financial Need: Evaluate your current financial situation. Immediate cash needs may make selling a good option.
  • Long-term Impact: Understand how losing these regular payments will affect your long-term financial plans.

Steps to Sell Your Annuity

  1. Get Quotes: Contact companies that buy annuities and get quotes.
  2. Compare Offers: Look at the lump sum offered and the discount rates.
  3. Consult a Financial Advisor: Get professional advice to understand the implications.
  4. Choose a Buyer: Select the company offering the best terms.
  5. Complete the Transaction: You’ll need to complete paperwork and possibly go to court for approval.

Comparing Annuity Sale Options

Sale TypeCash ReceivedFuture PaymentsBest For
Partial SaleLowerContinuedImmediate cash needs, retain some income
Entire Annuity SaleHigherNoneMaximum immediate cash, no future income


Selling your annuity payments can provide immediate cash but consider the long-term effects on your financial health. Weigh the pros and cons, consult a professional, and choose the best option for your situation. Selling part or all of your annuity can be a solution for immediate financial needs, but ensure it aligns with your future financial goals. Contact us today for a free quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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