How To Sell A Structured Settlement Annuity

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Understanding Structured Settlement Annuities

A structured settlement annuity is a financial product typically awarded in legal settlements, where the recipient gets periodic payments over time instead of a lump sum.

Sell Structured Settlement Annuity

Steps to Sell Your Structured Settlement Annuity

1. Assess Your Financial Needs: Determine why you need a lump sum instead of the regular payments. Common reasons include paying off debts, funding education, or covering unexpected expenses.

2. Get Professional Advice: Consult with a financial advisor or attorney. They can help you understand the implications of selling your annuity and guide you through the process.

3. Choose a Reputable Company: Research companies that buy structured settlement annuities. Look for reviews and ratings to ensure their reliability and service quality.

4. Understand the Costs: Be aware of fees and costs associated with selling your annuity. These can significantly reduce the amount you receive.

5. Get Quotes: Obtain quotes from several companies to compare offers. Look beyond just the amount offered; consider service, support, and company reputation.

6. Court Approval: In many jurisdictions, a court must approve the sale of a structured settlement. This process is to ensure the sale is in your best interest.

7. Finalize the Sale: Once you’ve chosen a company and received court approval, complete the necessary paperwork to finalize the sale.


John has a structured settlement annuity paying $1,000 per month. He decides to sell it to pay for his daughter’s college education. He consults with a financial advisor, researches companies, and chooses one with good reviews. After comparing offers, he selects the best one and goes through the court approval process. He completes the sale and receives a lump sum, which he uses to pay for his daughter’s tuition.

Sell Structured Settlement Annuity


Selling a structured settlement annuity requires careful consideration and understanding of the financial implications. By following these steps and consulting professionals, you can make an informed decision that best suits your financial needs.

Contact us today for a free quote.

Sell My Structured Settlements

Request A Quote

Get help or a quote from a licensed financial professional. This service is free of charge.

Contact Us

Do I owe yearly taxes if I have a structured settlement from winning the lottery?

The answer to this depends on the type of structured settlement you have and your tax situation. Generally, lottery winnings are taxable income and must be reported on your taxes each year.

Can I sell my structured settlement annuity to a third party without the court being involved?

No, in most cases, the court must be involved when selling a structured settlement annuity. This is because you must first obtain court approval to sell your settlement payments legally. Without this approval, it is not possible to sell your structured settlement annuity or any of its associated benefits.

What court fees are associated with selling my structured settlement annuity?

The fees associated with selling your structured settlement annuity depend on your state of residence and the company you work with. Typically, court fees can include appraisal fees, court filing fees, legal costs, document preparation costs, and other related expenses.

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

Scroll to Top