What are the drawbacks of selling annuity payments?
The inability to access annuity ahead of schedule is a major drawback for many holders of these instruments. Trading cash in hand for guaranteed income later may seem like a good idea initially, but a person’s financial picture can change in a heartbeat. There are any number of legitimate and pressing reasons why a person may have an unanticipated need for cash. In so many cases, holding on to an annuity may not be the wisest course.
