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There are many reasons why someone may want to sell an annuity for cash. Annuity payments are used as a way to provide for your retirement, but in cases when you need cash for the present, they do you little good.

During these less-than-perfect economic times many people find themselves needing extra money. Whether you inherited or purchased an annuity on your own one option you have to consider is selling that annuity for a lump sum of cash.

An annuity is typically a contractual agreement between an individual and an insurance company to return premiums that have been paid in small increments over a lifetime. Many people enter into this kind of agreement as a method of retirement or to just plan for the future, as they do offer a monthly sum that you can count on.

Remember the American Dream that once was? You would meet that special someone and the two of you would buy that first home with the white picket fence and lively daffodils in the flower garden.