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Annuity sales are a great way to get immediate cash out of your debt instruments. Monthly payments might work for some of us, but others need real money to meet their financial needs. While you can always take out a bank loan, selling your notes is faster, more convenient, and involves less paperwork. Bank loans can take several weeks because of background and credit checks, while an annuity contract can be sold in as little as two weeks.

You can save even more time with annuity sales on line because you can consult several buyers, and usually get quotes within one to two days. Just remember to stick to professional buyers who can give you the best value for your note.

How much you get from annuity sales depends on the risk it poses to your buyer. This includes the value, balance, payment history, and the type of annuity you are selling. If it's a variable investment, for example, your buyer risks losing its value to inflation, interest rate and other market conditions. To compensate, they'll offer a smaller price than the note's actual value, so a $100,000 annuity might fetch you only $90,000.

To get the most out of the sale, it's important to find a good buyer. Compare quotes from different buyers before making a deal. A good buyer should give you a quote for free; otherwise, they're probably not reliable. You can get a lot of free quotes from annuity sales on line.

Also watch out for other unnecessary fees. Some fees are acceptable, such as title policy and appraisal fees for mortgage notes. But in most cases, there should be no closing costs, points, or any other associated fees. Businesses are usually good buyers because they are more established and have more experience with annuity sales.

There's also a trick called "bait and switch," where buyers give you a good initial price and then lower it after you've signed the deal. Usually, they'll claim that your payor has low credit. This is highly unethical; the buyer is supposed to review your payment history before making a quote. Annuity sales on line may not be able to check it upfront, so their quotes are usually not final.

Given these risks, selling annuities is often a difficult decision. After all, why would you let go of something that pays you for the rest of your life? What most people don't know is that cashing in can be much more profitable than structured payment. Here are a few reasons why.

Protect your money. In structured payments, market conditions determine how much you get. That means if the interest rates fall, you will have to pay the difference. With annuity sales, you can put your money somewhere more secure, or simply enjoy it before it depreciates.

Take more opportunities. Your annuity might pay nicely over the next ten years, but you never know when you'll need it. You could come across a business idea, investment offer, or other opportunities to make your money grow.

Access your funds any time. With the money in your hand rather than on paper, you can use it any time and in any way you like. Use it to buy property, travel, retire, or simply set it aside for emergencies.

Annuity sales are the easiest way to get fast money without the hassle of bank loans. After all, it's your money, so why shouldn't you be able to use it? Whether you want to spend, save or invest, cashing in can give you full control over your money and help protect your funds.