FAQ

Frequently Asked Questions:

The FAQs When You Sell Annuity Payments

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How, When And Why To Sell Annuity Payments.

Holders of annuities often have many questions about these types of financial instruments, especially since many annuity holders had these investments acquired for them as part of a lawsuit, structured settlement, or due to lottery or casino winnings.  Below are some Frequently Asked Questions that are intended to inform you about all the ins and outs of these tricky investments, as well as to offer advice on how, when and why to sell annuity of future payments.

What is an annuity?

Essentially, an annuity provides a way of guaranteeing a steady stream of future income. An annuity is an investment that provides a set schedule of future payments, which are either paid out over a fixed term (5, 10, 15 years or more) or until death.

Who owns annuity payments?

Personal investors sometimes purchase annuities for themselves as a way of providing income in retirement.  In these cases, the payments are usually deferred for a number of years.   When individuals are awarded damages in lawsuits or as part of structured settlements, the total award is usually paid out over time through the use of annuities whose payments usually begin immediately.  Lottery and casino winnings not paid out in a lump sum are similarly structured.

Am I locked into my annuity payment schedule?

So long as you hold the annuity you are locked into the terms of the payment schedule.  Some investments allow you to withdraw a small percentage of the fund in times of hardship, but essentially, your money comes to you on someone else’s timeline.

What are the advantages of selling annuity payments?

A guaranteed stream of income provides a certain measure of security for the future.   However, experts agree that the overwhelming majority of investors would be better served with other types of investments which provide the same security but with lower costs and tax liabilities.  For a fuller discussion of this, get the lowdown from Annuities 101.

What are the drawbacks of selling annuity payments?

The inability to access annuity ahead of schedule is a major drawback for many holders of these instruments.  Trading cash in hand for guaranteed income later may seem like a good idea initially, but a person’s financial picture can change in a heartbeat.  There are any number of legitimate and pressing reasons why a person may have an unanticipated need for cash.  In so many cases, holding on to an annuity may not be the wisest course.

Can I get cash now if I sell my annuity payments?

Yes.  You can sell all or part of your future annuity payments for a lump sum cash payment now.  There are any number of companies that are willing to purchase annuity payments.  Woodbridge Structured Funding, LLC, the sponsor of the Annuity Source, is the market leader and a pioneer in this field, with over 15 years of experience, which enables them to guarantee the best price possible for your annuity.

Do I have to sell all my future annuity payments?

No.  Many people sell only a part of their future payments in order to raise enough cash to meet their current needs, which lets them still enjoy guaranteed future income.

What could I do with my annuity lump sum cash payment?

If you are struggling to get out from under credit card debt, if you are falling behind on ballooning payments on a predatory mortgage, if you have lost your job or suffered an injury that prevents you form working, if you need cash for a down payment on an investment property or vacation home, if you need to put a child or grandchild through college—these are just some of the reasons why you might wish to sell your annuity for a lump sum.  What you do with the money is entirely up to you.

Is there any reason why I might want to hold on to annuity payments?

Maybe yes, maybe no.  That is a decision that only you can decide for yourself. By having the option to sell all or part of your annuity payments for a lump sum, you get to be the one to decide how much income, if any, you want to leave in place for the future.  This is a particularly important determination to make for someone who has received an annuity as part of a lawsuit, workers’ compensation claim, or other such structured settlement.  These individuals are often forced to go into steep debt while waiting for the case to make its way through the courts.  With no longer any income from their employment, the deferred payment schedule will help ensure that there will be money coming in even if that person is unable to work.  However, these kinds of  plans often do not release enough money initially to pay off the bills.  These individuals often sell a part of their future payments for a lump sum that will allow them to make a fresh start, while still leaving a guaranteed income in place for the future.

Do I need the permission of my insurance company to sell annuity?

No.  Selling your annuity payments for a lump sum of cash is entirely your decision to make.

How about the lawyers and financial firms that set up my structured settlement?

No.

Is it any different if my annuity came from a casino or the lottery commission?

Same answer: no.  You have the power to choose what’s right for you.

I’ve decided that selling my annuity payments is the right call.  Now what?

You need to speak with a trained professional who can walk you through your options and give you a quote for how large a lump sum your future payments may be worth. Woodbridge Structured Funding, LLC professionals are standing by to help you at anytime.

How do I locate a reputable company to purchase my annuity?

This is a complex financial transaction—not just anyone can do it, and not every firm will be able to give you the best quote possible.  You need to partner with a firm that has the creativity, expertise and integrity to offer the most money possible for your future payments.  Woodbridge Structured Funding, LLC, the sponsor of the Annuity Source, is the market leader with an unparalleled reputation for honesty and customer service.

How do I know I’m getting the best price for my future annuity payments?

The only way to be sure is to get a number of quotes, and go with the firm that guarantees the highest lump sum.  Woodbridge Structured Funding, LLC, for example, is so sure it can make you the best deal possible that it guarantees that it will beat any legitimate quote from its competitors, or it will pay you $500 cash.

How does the selling annuity payments process work with Woodbridge?

Once we receive all the necessary documents from you, our attorney will file a petition for court approval.  Once the court approves the transaction, you will receive your lump sum payment.

How long will it take to receive my money after selling an annuity?

We work very hard to get you your money as fast as possible. If all documents are submitted to us on time, you will receive your money between 45 to 90 days, depending on the state in which you reside.  Woodbridge can offer loans or funding for annuity payments in process.

Can I get my money any faster, rather than getting a court order?

No. Each state has laws and regulations that provide us with specific guidelines on how to carry out each transaction.  In order to protect consumers from unethical investors, the court has to approve the assignment.   If immediate cash is needed, ask a Woodbridge professional about funding loans.

Is Woodbridge Structured Funding, LLC a direct funder or a broker?

Woodbridge Structured Funding, LLC is a direct funder, we work directly with the banks and insurance companies to fund your transaction.

Can I sell a portion of my annuity payments or do I need to sell them all?

You can sell all or a portion of your future payments.

What is your success rate in purchasing annuities?

We have a very high success rate. We will not take your case to court if we believe that it will not get approved.

It’s fast and easy to find out what your annuity is worth.

Just contact Woodbridge Structured Funding, LLC by filling out our fast free quote form or

Call 1-866-865-7044 Today!

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