Despite the growing number of Americans with structured settlement or annuities who need extra cash, many are still not aware that they have the option to sell their fixed payments for a lump sum. When you receive this lump sum, you’ll get cash for an annuity now that you can use to pay off debts, cover unexpected expenses, and live a comfortable life.
As of today, only three states (New Hampshire, Wisconsin, and Washington, D.C.) do not have Settlement Protection Acts, which enable settlement recipients to get cash for an annuity now. If you live outside of these areas, you have the legal right to sell your fixed payments for a huge lump sum to use however you wish. Just about everyone is suffering from growing debt and increased living expenses, and settlement recipients are in the unique position to receive a lump sum and cover these expenses now. Here are just three of the many reasons that so many people opt to get cash for an annuity now:
- Eliminate debt. On the heels of Black Friday, there’s a good chance that you had to dip into your credit to pay for some of the more expensive gifts you bought for loved ones. The average household credit balance in the U.S. is a whopping $7,200, and the interest from such debt can really add up over time. Getting cash now will enable you to start with a clean slate and pay off these debts, using your income for more important expenses.
- Protect yourself from the unexpected. Speaking of important expenses, it seems as if the cost of living is increasing with every passing year. From higher gas prices to a poor economy, it’s getting harder and harder to save money and protect yourself from the unexpected. About 27% of Americans have no savings at all, making it nearly impossible to remain financially stable when unexpected expenses arise. When you need a quick cash option, simply sell your annuity for a huge lump sum and get the funds you need to live comfortably.
- Improve your quality of life. The best part about selling a settlement or annuity is that you decide when and how your money gets spent. After all, it is your money, and you should have access to it whenever you desire. You can do whatever you please with your lump sum, whether it be buying your dream car or investing in a home to start a family.
Getting cash for an annuity now is truly one of the best options for people who are struggling with debt and yearning to enhance their quality of life. Talk to a settlement expert about your annuity and access your cash now to live the life you’ve always wanted.