Lump Sum Payment | Cox Financial

Lump Sum Payment


A lump sum payment is a single payment of money.  A lump sum payment is a better option when a series of payments made over time isn’t desirable.

You can sell your future payments from an annuity, structured settlement or lottery in exchange for a lump sum.  However, remember that funding companies want to offer you the smallest lump sum payment possible.  We’re here to help you get the most cash.

When considering selling your future payments in exchange for a lump sum, it’s a good idea to educate yourself on the present value of your annuity.  The present value of your annuity tells you what your annuity is worth right now, according to the current federal rate for valuing annuities.  The present value of all annuities either increase or decrease over time.  To find out the present value of your annuity, use any of our lump sum calculators.  Use this calculator often to remain informed of the present value of your annuity, or create a free account to receive automatic updates on the present value of your annuity.  Having this information about your annuity is beneficial and will give you the knowledge you need to make plans for the future including buying a home, paying for college, or starting a business.

Now that you’re educated on the present value of your annuity, it’s important to understand that you will never receive a lump sum offer from any company, that matches this amount provided from the lump sum calculator.  As a matter of fact, prepare yourself for a far lesser offer.  This is due to the fact that future payments are never purchased at the government rate.  Instead, a more common sense approach is taken by companies purchasing future payments.  In order to better understand this concept, think about the following question:  How much would you give someone today, if they told you that you could have $5,000 in return, but you have to wait 15 years for it.

To find out how much you can receive in a lump sum, give us a call today at (877) 540-1042.