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Selling an annuity is relatively common and painless. Unlike selling your structured settlement annuity, if you want to sell your annuity, it does not require a court order. You simply sign a cash loan against cheque in delhi, record a change of ownership with the insurance company that issued the annuity, and once the ownership change is complete you receive your lump sum payment.
The process begins with a simple discussion with an annuity purchaser (these are the same folks who will also buy structured settlement annuities). You provide them with information about your annuity, the payments you receive and when they are due, and they give you a quote to buy some or all of your future payments.
Of course, you decide how many payments you want to sell and which ones you want to keep. This allows you to get the lump sum you need today and continue to receive payments over time as well. Of course, you can always sell all of your annuity payments to get the largest lump sum possible. The steps to sell your annuity are as follows: 1.