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Schenectady Museum What You Should Know Before Selling Your Annuity Payments An annuity is a type of investment or insurance whereby the investor makes a lump sum payment and in future receives payment of a sum of money yearly for a fixed period of time or for the rest of his life. It is a retirement strategy that investors use to enable them to receive cash when they are no longer employed or receiving an income. Types of Annuities Options for Selling Annuities There are two options available for selling your annuity payments How To Sell Annuity Payments In order to sell your annuity payments you need to give the necessary information to the party interested in buying the annuity payments. Information about your annuity will be required as well as your current financial situation.