Article provided by: WePayMore Funding LLC
How Can I Find Companies That Buy Out Annuities?
Search on the Web for 'annuity buyers' and collect from 5-10 quotes from different companies. When you reach out to each agency, inquire as to whether there are additional costs or fees that would detract from their offer. Hidden fees can turn a good offer into one that causes you to take a significant loss through the sale of your annuity. In your search for the right company, call our staff at WePayMore Funding for the guaranteed best cash offer for your annuity.
What Questions Do I Ask Companies That Buy Out Annuities?
You'll want to find out how long it will take for you to get your money, what kind of reviews clients are leaving for the agency, and whether the quote you received is guaranteed when all fees and details have been taken care of. If you're under the age of 59 1/2, you'll be required to pay the IRS a 10% tax on the amount of your annuity sale, unless you meet another tax exemption. Find out if your buyer offers professional consulting services to determine whether you qualify for an exemption.
Is it a Good Decision to Sell My Annuity?
Only the annuity owner can make the decision of whether to sell and whether the loss of value experienced through the sale is worth it. If you're experiencing a cash flow problem, need immediate cash to fund a significant life event, or need to pay down high-interest debt, it might be a wise decision. You can exchange your annuity for a lump sum of cash for any reason whatsoever- it's entirely up to you what you do with the money. At WePayMore Funding, we highly recommend speaking with one of our knowledgeable agents before you sell to another company.
Should I Consult With an Annuity Specialist Before Selling?
Speaking with someone more knowledgeable than you about financial matters, especially regarding annuities, is the best way to gain insight into whether you're making the right decision about selling. While most annuity buyers will tell you whatever you want to hear to complete the transaction, at WePayMore Funding, we'll only recommend selling your annuity to us if we believe it's the best course of action for your financial situation. We won't just give you great advice- we'll pay you up to 20% more than any competing offer, with a Best Price Guarantee.
How Long Does it Take to Sell an Annuity?
Companies that buy out annuities will say almost anything to get you to sign on the dotted line and transfer your annuity to them. Don't believe claims like 'same-day cash' or 'instant money'. At WePayMore Funding, we can typically get your cash to you in 45-90 days, with special-circumstance rush deposits on occasion; however, we can't promise it will happen overnight or within a day or two. Working with our agents is the best way to find out how we can get more money in your hands in the shortest amount of time.
Companies That Buy Out Annuities
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