People who decide to sell annuity payments can legally sell them to any third party. In virtually all cases, however, they choose a specialty finance company such as CBC Settlement Funding for such transactions. These annuity buyers purchase structured payments that result from:
Annuity buyers offer large lump sum payments to beneficiaries and recipients of annuities who need to trade in their periodic payments for cash now. The lump sum is less than the total that the beneficiary or recipient would have been received by the end of the term, but it offers far more flexibility to meet immediate obligations or take advantage of timely investment opportunities.
At CBC, our professionals will take care of all the paperwork for you, should you choose us as your annuity buyer. You may receive your annuity payout in the form of a cashier’s check, or the funds can be transferred electronically to your personal account.