Selling Lottery Payments How it can Help

Selling an annuity settlement

Selling Structured Settlements

When you win a law suit you will be set up with a structured settlement or annuity. Settlements are not hard to come by, 80 to 92% of cases settle. Typically, these structured settlements offer small payments over a long period of time, taking most of a person’s life to be paid out in full. However, by selling a structured settlement or selling an annuity settlement you can begin receiving payments in as early as 30 days with an immediate annuity. Besides earlier payments, selling your structured settlement has other money saving benefits as well. Depending on your tax bracket, a structured settlement can save you 25 to 35% on interest income on state and federal taxes.

Selling Lottery Payments

Selling lottery payments cam be very beneficial. Instead of waiting an extended period of time to start receiving cash you can begin getting payments almost immediately. The lottery annuity pays you one large immediate payment followed by 29 annual payments, increasing by 5% for each payment.If you win a lottery payment of $50 million dollars you will likely receive an initial payment of $750,000 or more, allowing future annual payments to grow to $3.1 million.

Why Sell Your Payments?

Selling lottery payments can be a little confusing to some people. You might be wondering exactly how it can benefit you to sell your structured settlements. There are many circumstances in which you may need to get settlement money now:

  • Buying a new car
  • Purchasing a home
  • Personal and family medical bills
  • Paying off student loans
  • Paying college tuition or purchasing books for college
  • Paying off credit cards
  • Going on vacation
  • Getting out of debt
  • Starting your own business
  • Investing in your future

If any of these apply to you, don’t let waiting for your lump sum hold you back. Get cash for settlements right away by selling them to specialty finance companies.


Don’t let a slow structured settlement hold you back. Whether you have settlements from lawsuits or you’re looking into selling lottery payments, a finance company will have the answers you are looking for. If it’s time for you to get a lump sum of cash now and you’re tired of waiting, then take control of your settlement and start getting your payments quickly, on your terms.

Three Well-Kept Secrets to Successfully Selling an Annuity

Buy structured settlements

So you’ve received a structured settlement in the form of an annuity. Now what?

An increasingly popular option for people who have won structured settlements is to sell these annuity settlements in exchange for a lump sum, or the total amount of money awarded in the settlement. If you need your annuity money now, it might be your best option to sell this annuity, as early withdrawals from your annuity find can come with a 10% penalty.

But if you’ve tried to look into selling annuities, the process might seem complex, even labyrinthine in nature.

Selling your annuity settlement in exchange for a lump sum doesn’t have to be impossible — or even challenging. Here are three of the best-kept secrets to selling fixed annuities that will help you sell your annuity in no time:

Determine if your annuity is sellable

It’s important to understand that not every annuity is sellable. For example, if your annuity is a structured settlement, you may have to obtain a judge’s approval before you can sell these structured settlement payments for a lump sum, as some states have passed a Structured Settlement Protection Act to protect consumers just like you. It’s also a good idea to determine the resell value of your annuity before searching for buyers.

Don’t say yes to the first offer you receive

While it can be tempting to sell off your annuity to the first buyer you find, it’s better to wait until you’ve met with a reputable annuity buyer who will work with you every step of the way and give you the best offer possible. Understand that no matter what buyer you choose, you won’t receive the full value of your annuity — these buyers need to earn a living somehow.

Understand what form of payment works best for you

When it comes to selling an annuity, there are a variety of different purchasing plans from you to choose from. The straight purchase, partial purchase, split purchases and reverse purchases are all very different options for selling annuities. Determine which of these would work best for you before selling off your settlement.

Have any other questions or comments on how to sell annuity payments? Let us know by simply leaving a comment below this article.