If you decide not to wait for your money, you have options for how and when you get it (including an immediate cash up-front advance). You can choose from partial, whole or lump sum options.
With a partial cash out, you transfer a portion each payment and keep the rest of your future stream intact. Selling the whole annuity gives you access to a larger cash pool, allowing you to invest funds or make a bigger purchase. The lump sum option allows you to sell a group of payments now and leave the rest available for retirement.
For the partial and lump sum options, some cash remains in the annuity. If at a later date you encounter another circumstance where you cannot wait for scheduled payments, you can contact the funding company to sell remaining payments.
These flexible selling options allow you to tailor the transaction to your family’s needs.