If you are wondering “how do I sell my annuity,” the main thing to remember is that you must follow certain steps when selling. Selling any kind of annuity is considered a legal process, as you must have a judge’s approval to sell your annuity for cash.
Step One: Talk with a Financial Advisor
Before doing anything, you want to sit down and talk to your financial advisor. Discuss with them the various options regarding selling your annuity. Your financial advisor will be able to tell you if selling your annuity is the best choice or not. They can also advise you on what method you should use when selling it.
Step Two: Research Annuity Purchasing Companies
Once you have decided to sell your annuity, you need to find a company to purchase it, of which there are hundreds to choose from. Your financial advisor might be able to guide you towards some more reputable companies, or you can research on your own.
Make sure that you look around and get as many quotes as you can so you can get the best price for your annuity. Reputable companies have no problem issuing free estimates or quotes.
Step Three: Prepare the Paperwork
The final step in the sell-my-annuity process is preparing the paperwork. After getting all the paperwork together, you must submit everything to the courts to get a hearing date. At the court hearing, the judge will go over the paperwork and either grant the sale or not. The company purchasing your annuity will provide you with a lawyer or you can find one on your own.
Contact WePayMore Funding LLC for more information.