The annuities you can sell may have been purchased by you or inherited from a family member. You may want some lump sum cash from a structured settlement from a personal injury case or other lawsuit such as medical malpractice. The reason for wanting to sell your annuity may be nothing more than the need for some immediate cash. Maybe you want to buy a new house, start a business or pay for the education of your children. Because of the deferral of taxes on annuities one might sell some or all of their annuities to avoid being placed in a higher tax bracket upon retirement. The lump sum cash for annuity payment option needs to be considered carefully.
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