Sell as a life annuity
Buy an annuity for income over a period of time. You pay a lump sum or fixed amounts to the insurance company for a guarantee of payment from now or sometime in the future. Ensure pensions payments for your life or for a specific period of time beyond your lifetime. Sell your investment if something happens that you need your money now.
Choose the items you want to sell your pension. Your investment in full for sale and sell some of the future payments.
Choose a company that buys pensions. Shop around and compare prices and conditions. Select the most favorable conditions for your situation.
Check prosperity partners, Inc. (PPI) for a complete list of the documents required for the sale of a life annuity. Locate all documents before you hire the company to speed up the process of selling your pension.
Ask questions before you with the sale of your investment. Make sure that you understand the terms. You will receive the money as a lump sum will be less than the payments that you receive in the course of time, be sure that you are ready to accept this lesser number.
To present the proper documentation of the company. They give usually a form to fill out and a list of the paperwork required. You need the annuity policy, copy of the last inspection or check control section and two forms of ID.
The company send wait a check for your money. Pensions take to sell several weeks since the Court must approve the sale. The company transfer of your transaction file the proceedings and inform about the progress.
Tips & warnings
Make sure that you speak with a trusted advisor before you sell your pension. There may be other options need money, for a life change, so you should consider all options, and this decision, before you make the sale.