Annuity is basically a financial instrument normally used to provide regular taxes, tax free payments to personal injury victims over a period of time.
These payments are most not paid in one go in fact they are paid over a period of time as per ordered by the court.
In other words it is a continuing of fixed payments over a period of time these payments are given as compensation in injury related expenses by the order of court.
Most of the people do not wait for their payments to come annually and instead sell annuity payments for cash. There are number of brokers and companies working in the market, to which one can sell annuity payments for cash.
People sell their annuity payments as they cannot wait that long or are in desperate need of money or are going through some financial crisis in such situation they opt to sell their annuity payments for cash.
People sell their annuity payments for cash as they need a faster and bigger payment to address their needs. People sell their annuities so they can buy a home, create an emergency cash fund, or invest in a business to pay off debt.
Other events may come up which creates the need to sell annuity for a large amount of cash. No matter what are the reason behingyou selling annuity payments for cash you must consider few things before taking such big decisions.
It is always advisable to sell you annuity to someone who gives best price and is not doing any fraud with you.