I am thinking of consolidating/getting a lump sum payment for a fixed annuity. I’ve been looking around the internet and found a lot of information on buying annuities – but not much on selling one you already have. I need the fundage to pay for college and living expenses (I’m 24 years old, I don’t need this annuity for retirement). I’m also kind of in a pickle and need to do it soon since I just lost my job to downsizing. (Economy is in the pits.) Any advice or if someone could point me in the direction to more info?
How to sell an annuity?
13
Mar
Auntie Mame
March 13, 2010 at 3:22 am
There are many companies that buy annuities, such as Peachtree Funding, JG Wentworth, Stone Street Capital, and Woodbridge Investments. You can find all of these on the internet by a yahoo search. Be aware that an annuity that is not payable for 41 more years has very little value.