Things are tough these days. The average household holds a credit card balance of almost $7,200, but household earnings have only increased by 2% in the past 10 years. 62% of Americans do not have a way to cover unexpected living expenses and 76% of Americans are living month to month. Less than a quarter of Americans have enough money in their savings accounts to cover a minimum of six months worth of expenses, while 27% of Americans have absolutely no savings whatsoever. It seems so bleak. And sadly, it does not end there.
More than 40% of American families earn less than they spend, a quarter of all people say they owe more in medical debt than they have saved in their emergency fund, and the average graduate of the class of 2015 will start their adult life with student loan debt and will owe a little more than $35,000 each.
If you have the means, get cash for an annuity now.
You Are Not Alone
In a recent survey done by the American International Group (AIG), 65% of the respondents said they would rather receive a lump sum payment rather than structured payments. If you have annuities and face surrender charges it is wiser to sell your annuities instead of surrendering them. The surrender charges are explained in the annuity contract and generally range from 7% to 15% of how much you plan to withdraw from the annuity. Rather than be penalized if you need extra money, get cash for an annuity. The advantage of selling annuities, if you have cash needs, is you can get large sums of cash now rather than waiting five, 10, 20 or more years for the annuity to come to maturity.
4 Reasons to Get Cash for an Annuity
- Get your money right away
- Start using your money now
- Eliminate debt sooner or perhaps even altogether
- Invest your money sooner, potentially getting a better rate of return
So what are you waiting for? Find out your best options and get cash for an annuity now.