Considering selling your annuity payments? Doing so can put cash in your hand, which you can use to start a business or pay off debt. Here's how in five steps.
Selling annuity payments offers an influx of cash, but it’s usually a complicated and expensive way to access your money.
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Wondering how to sell your annuity payments? Read on to make an informed decision ; An annuity is a product used by insurance companies to make income payments to investors. Selling annuity payments is a retirement strategy for those who would like to receive a stable income source. Various factors including the length of the payment period determine the size of pay. An annuity can either be deferred or immediate. A deferred annuity is whereby money is invested for a period till an investor retires and can make a withdrawal. For an immediate an ...
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Special Considerations One potential drawback of an immediate payment annuity is that payments typically end upon the death of the annuitant, and the insurance company keeps the remaining...
Learn the pros and cons of selling an annuity, along with three different ways to do it.
The effect is that the seller swaps a stream of periodic payments for a immediate lump sum payment. The initial holder of the annuity may have received a structured settlement through a...
2 Agents or brokers selling annuities must hold a state-issued life insurance license as well... requisite annuity payments if a major upcoming event such as a wedding is going to require...
Are you considering selling your lottery annuity payments? Learn about the process, taxes, value and options before deciding if it's worth it.