Receiving annuity is a comforting idea. For the years that the annuity will be paid, you and your family will be ensured of a steady cash flow. It's cash that you can use for anything you desire. But more often than not, an annuity is normally used as retirement money.

Sometimes we are beset with monetary problems that we get desperate and sell our annuity settlements, thinking it would immediately and ultimately solve our liquidity problem. In our desperation, we grab the very first opportunity that lands on us and think it the best solution for our problems.