Lump Sum Payment FAQs | How do I sell annuities cash? Novation
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Novation Settlement Solutions Frequently Asked Questions

Frequently Asked
Questions

FAQs About Lump Sum Payments

 

What is a lump sum payment?

A payment awarded, often as a result of a personal injury lawsuit, all at once is a lump sum payment. As opposed to an annuity, which pays out over time, a lump sum payment does not have long-term reliability. However, a lump sum is more practical for situations of financial need. In such cases, you can sell future annuity payments in exchange for a lump sum usable in the short-term.

Lump sum or annuity, how do they compare?

If you have a scheduled annuity that no longer suits your current circumstances, selling part or all of your future payments for a lump sum can give you the funds you need. A lump sum can be invested again or put toward emergencies. Cashing in your annuity for a lump sum now can keep you out of debt and help you save money for the future.

How do I know if a lump sum or an annuity is better for me?

Using a lump sum and annuity calculator can help you to determine which solution is right for you. Call 1-877-771-0763 to discuss your options with a Funding Executive to discuss how you can make the most of your money.

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Novation Settlement Solutions HQ, West Palm Beach
Novation Settlement Solutions

1641 Worthington Road Suite 410

West Palm Beach, Florida 33409