Depending on your financial situation, health and goals, a Secondary Market Payment may be an appropriate addition to your financial plan. When you begin your investigation into this avenue there are some questions that you should be sure to ask your adviser. 1.) Is this purchase right for me? 2.) What are the benefits…
Previously Owned annuities have several positive attributes in common that make them currently in high demand: 1.) High Yields that are typically 4.0-7.0% 2.) Payment streams guaranteed by highly rated insurance companies 3.) Court order process protects buyer and seller 4.) Issuers regulated by State Insurance Commissions 5.) Fixed/reliable income streams 6.) Diversification for portfolios…
When you are considering purchasing an annuity, you want to be sure that you understand your rights as a senior citizen. An annuity is one type of insurance product. Being informed of your rights can help you to avoid being the victim of scams. It helps you to make educated decisions for yourself and your…
One of the least known financial instruments making the rounds in the asset protection circle is the Pre-Owned Annuity (otherwise known as In Force Investment). I know that sometimes people get nervous about annuities but I have to tell you that pre owned annuities are different than traditional ones. Let me explain a bit. Let’s…
If you have been researching investment options and are looking for something relatively safe but that will yield you a high rate of return, you should be considering previously owned annuities. Many people own the rights to annuities, some of which have terms of up to 50 years that guarantee monthly income. Some of these…
If you purchase an IN-FORCE™ Fixed Term Annuity you should expect to receive the following items at closing: Closing Book which will contain the following documents: Receivable Purchase Agreement Sale and Assignment Agreement Change of Beneficiary Designation Duplicate Annuity Policy or Benefits Letter or Issuer Acknowledgement Letter Certificate of Marital Status/Spousal Consent Divorce Decree or…
I’m sure that if you have heard of an IN-FORCE™ Fixed Term Annuity you have wondered about the length of term and the purchase amount. Today I am going to share with your some information that I know you will find helpful in answering your questions around this topic. The present value of an IN-FORCE™…
Now that you have an understanding of what an In-Force™ Fixed Term Annuity is (from my previous blog) you probably are curious as to how payments would be made to you if you choose to do this. In-Force™ Fixed Term Annuity payments may be paid directly to you by a U.S. based insurance company. If…
Do you ever wonder if you should have annuities? Maybe you have heard of them or know a little about them but really aren’t sure if they are important to your financial planning. Annuities are a savings tool that can help you create a nest egg for retirement, make substantial investments that will grow over…
Heard of Secondary Market Annuities? These are actually previously owned Annuities. They are totally legal and are a way to get high rates of return without gambling away your money. Simply put what this means is if somebody has an accident and receives a favorable judgment their payment is usually given to them in the…