There are many financial institutions that offer cash for annuity payment. They will give you lump sum cash in exchange for your annuity. Annuity is a financial investment that many people make either in single lump sum or through installments, which can be completed in 20 to 25 years.
After the completion of payment, the company from which you paid annuity premiums will pay you for your entire life or for a fixed number of years, either monthly, quarterly, semi-annually and annually a fixed sum.
Annuity is a good investment to secure your future after retirement. But there are times in your life where you face emergency situations that require the use of immediate cash. Maybe you have set aside sufficient funds for emergency uses.
Depending on the nature and gravity of the situation, you may run out of cash. If you have no other savings to use, or if your non-emergency savings are not enough, you may have the option of selling your annuity payments.
Having an emergency situation is not the only reason why you may consider converting annuity payments into cash. Many people sell their annuity investment in order to purchase a real estate property, a dream car, venture into business, or to finance an education.
There are institutions which offer the services of purchasing the payments you have made for your annuity, and this can solve your immediate financial worries. Annuities, though may serve a significant role in meeting your plans, they are not flexible and capable of solving immediate financial problems.
In the United States of America, more than thirty state governments decided that their residents should have access to this important resource and allow for the smooth transfer of the annuitant’s rights to receive payments when it is deemed to be in his best interest.
In all fifty United States, you are able to convert your payments into cash. If you are interested in this undertaking, you may get a free annuity analysis provided by the institutions.
Some financial institutions buy other annuities such as non-structured insurance annuities, single premium immediate annuities, and investment annuities.
Cash for annuity is flexible. You have the option of choosing the number of payments you would like to sell, the funding company that will provide for your lump sum payment, and several options for payment.
Normally, after you have submitted your information, it will take 6 to 8 weeks for you to cash in your annuities. Many financial institutions will bid for your payments, and they will offer you more flexible terms and payment options.
You have to bear in mind though that the lump sum you will receive from financial institutions for annuity payment will be lower than what you would have received once your premium payment matures. This is one way that financial institutions earn their profit.
United States Capitol
Image by peterjr1961
Surrender of General Burgoyne
The event shown in this painting is the surrender of British General John Burgoyne at Saratoga, New York on October 17, 1777. Burgoyne’s surrender followed battles with American General Horatio Gates near Saratoga on September 19 and October 7, 1777. With the British losing men and defenses during both engagements, Burgoyne retreated with a weakened army to Saratoga, where he surrendered to General Gates. This turning point in the American Revolution prevented the British from dividing New England from the rest of the colonies, and it was the deciding factor in bringing active French support to the American cause.
This painting depicts General Burgoyne prepared to surrender his sword to General Gates. Gates, showing respect for Burgoyne, refuses to take the sword and instead offers hospitality by directing Burgoyne to the tent to take refreshment; the American flag flies in the wind at the top of the tent. American officers gather at the sides to witness the event; their varied dress reflects their different units. In the center of the painting, and extending into the background, is Burgoyne’s army along with its German reinforcements. They were directed to the camp by American Colonel Lewis, Quartermaster-General, who rides on horseback in the far distance. The scene suggests peace rather than combat or hostility: beneath blue sky and white clouds, officers wear their dress uniforms, weapons are sheathed or slung, and cannons stand silent.
Burgoyne’s surrender was among the subjects John Trumbull selected for a series of history paintings when he began to “meditate seriously the subjects of national history, of events of the Revolution,” in 1785. In September of that year, Trumbull wrote his brother that he was thinking of scenes related to battles of Bunker’s Hill, Trenton, Saratoga, and Yorktown. In 1791, he sketched a landscape study for the surrender site at Saratoga. In creating the painting for the Capitol, he included the same large tree in the left foreground and many other topographical features but added more trees and autumnal leaves. Trumbull based most of the figures on portraits he painted from life in the early 1790s. The Surrender of General Burgoyne was completed in December 1821 and was exhibited in New York City from January to March of the following year.
Trumbull performed the first cleaning and restoration of his Rotunda paintings in 1828, applying wax to their backs to protect them from dampness and cleaning and re-varnishing their surfaces. At the time, Trumbull also repaired damage to the right foot of Colonel Daniel Morgan (dressed in white and standing at the head of the officers gathered at the tent), which was cut out with a sharp instrument, most likely a penknife. Throughout the 19th and 20th centuries the painting was cleaned, restored, varnished, and relined. All of the Rotunda paintings were most recently cleaned in 2008.
Between 1822 and 1832, Trumbull created a smaller version of this painting that is now part of the collection of Yale University Art Gallery. The painting in the Capitol and the later version are similar in composition but differ in details. In the later version Trumbull made changes to the facial features and expressions of figures, the direction the flag blows, and the topography of the landscape. It was Trumbull’s version for the Capitol that appeared on a .00 stamp in 1994.
John Trumbull was born in Lebanon, Connecticut, on June 6, 1756. His father, Jonathan Trumbull, was later Governor of Connecticut (1769–1784). John entered Harvard College in 1771 and graduated in 1773. He created numerous sketches of significant people and places, even during his service as an officer and General Washington’s aide-de-camp during the Revolutionary War. Resigning his commission as colonel in 1777, he painted for two years and then went to England, where he studied under renowned history painter Benjamin West and at the Royal Academy of Arts. In London, Paris, and New York City, he created scenes of the American Revolution and life portraits or sketches of many of the individuals who would appear in them. He also painted portraits of other notable persons and numerous religious scenes.
From 1794 to 1804, diplomatic postings in London interrupted his work, and his artistic skill suffered. However, he remained successful as a portrait painter, and exhibitions of his earlier canvases led to an 1817 commission for four large paintings to be placed in the Capitol Rotunda; these were installed in 1826, but he failed to secure a contract for additional Rotunda paintings. He returned to the religious subjects of his earlier career but fell on hard times. In 1831 he deeded many of his works to Yale College in exchange for a 00.00 annuity. Trumbull died in New York City on November 10, 1843, and was interred beneath the art gallery at Yale that he designed. In 1867, his paintings and his remains were moved to the new art gallery (now Street Hall).