When you’re looking into secondary market annuities with the returns that you’ll be getting as your top priority, you are on the right path because this option definitely provides you better rates than the traditional annuities.
Whether you own it or if you don’t, you can avail of the secondary market annuities that are offered and paid to the investor company.
Learn more about secondary market annuities as you go along this article since we are going to tackle the three biggest questions related to this topic.
What Are Secondary Market Annuities And What Can You Do With It?
It is almost impossible not to see TV commercials about your structured settlement option that can buy it for a lump sum and same goes with your annuities.
For people with injuries, it’s even possible to avail of a lifelong payment from the company, while some can get payments for a couple of years.
Waiting for the payments in installments can be rather frustrating, which is why some beneficiaries would opt to get it in a lump sum instead, by selling their annuity.
Secondary market annuity is created through this process, when the structured settlement is being resold by the beneficiary.
You can take a lottery winner as a brilliant example. They have the option to receive their winnings in a span of 30 long years or they can take a huge sum at one time, although it’ll be significantly lesser than the amount they’ll get if they go for the longer payout method.
The Payments Will Be Done By Whom?
As mentioned before, secondary markets can only be made if the annuities are sold. You can get annuities from life insurance companies.Life insurance companies have been around for years so they’ve already established a reliable reputation making people put their trust in them.
These companies do not make a big deal as to who they’re paying to, making these secondary market annuities completely possible.In some cases, with the law’s regulation, they are required to pay a certain party only.This can be a benefit to you because it guarantees steady payment, therefore it is an assurance to you.
In What Way Can You Earn Cash?
You can earn profit, because as an investor, the returns will be higher if you’ll go for secondary market annuities.
With annuities, you even have the option of starting gaining income after waiting one or two years. The range can last from one year until twenty years later.The nicest thing about these contracts is that you are allowed to choose everything according to your preferences.When it comes to contracts like these, you have the freedom to choose which duration is better for you.
Since it can be highly beneficial, you may want to look into secondary market annuities more.
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