Yes, you can choose between a single payment, multiple payments or all payments.

The question should not be if you can sell part of your annuity, the question should be does it make more sense financially to sell part of your annuity or the entire thing. If you have a stream of annual payments of $10,000 for the next 25 years and you are just looking to pay off $25,000 of past debt you may just want to look into selling several future payouts and keep the remaining payouts in tact.

There is a common misconception regarding the sale of an annuity or structured settlement. The owner of the annuity does not have to sell the entire series of payments, nor the entire sum of any one given payment. For example, let’s say you win the lottery and are getting paid a series of annuity payments of $1,000 per month for the next 20 years. If you need cash now, you do not need to sell every payment, nor the entire monthly payment. You can sell 5 years worth of full payments. You can sell 50% of all your payments. You can even sell a partial amount of one payment.

While we advocate that selling your annuity is a quick and easy process, you should definitely find a company that you are comfortable with and one that is local so you can have a face to face meeting with one another. Annuity, structured settlement, lottery winner, and estate planning professionals will help you understand if your annuity is transferable and if you have to pay a fee for surrendering an annuity. In some cases, an annuity may not be transferable from one person to another. In other cases, you may have to pay a penalty when you surrender your annuity.