If you ever wondered if it is possible to receive cash for annuity investments that you currently hold, the answer is yes in most of the cases. The final answer will depend on the type of annuity that you hold and specific contract provisions. But in the majority of the cases you will be able to sell your investment and receive cash for annuity. Before you decide to sell your annuity you should check if any fees would be applied to you in case you decide to go on with the sale. Many times you will still benefit from the sale despite the fees. The cash for annuity that you receive as a result of the sale could be used for many different reasons that are more important to you that waiting for annuity payout.
So how do you receive cash for annuity? You should contact one of the companies that offer to purchase your annuity investments and ask them to provide you with the quote on how much money this company will pay you to purchase your annuity or part of your annuity payments. In many cases even the “Surrender Fees” and “No Surrender” contract provisions could be waived. Also, depending on your current tax situation, if the annuity investment is...
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