90% of the time, selling structured settlement payments is not a good investment decision. In fact, selling structured settlements for cash should be the last option and, even then, the seller should have the knowledge and skill needed to manage his or her investment portfolio competently.
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The 4 Ways to Sell Annuity Payments for Cash
Wednesday, February 10th, 2010
Selling Annuity Payments with the Help of a Reputable Company
The easiest and most convenient way of selling annuity payments is to find a reputable company that will do the selling for you. Hiring a reliable third party can assure you that your annuities will reap maximum benefits when sold because they have the sources and experiences to do so. But of course, you will not get the whole profit for the sale. You will have to pay them fees.
Selling Annuity Payments Personally
You can also sell directly to someone who wants to buy annuity payments. This is not a popular choice of selling annuities because of all the legalities involved. You can research on what it takes to sell your annuities personally or online annuity selling opportunities that will help you to sell your annuity plans easily.
Exchanging Annuities for Other Annuities
Another way to sell your annuities is through exchange. You can exchange, for example, your annuity that pays-off a smaller monthly income in a long period of time and another person’s annuity that pays-off a larger income in a shorter amount of time or vice versa. This will benefit you if you can not sell annuity in a single lump-sum payment because of the terms of your annuity. You can, in effect, have a better chance of selling your newly acquired annuity in the market.
Using Annuities As Collateral for Loans
This is an option you can take that may give you a higher yield on your annuity.
Cash Structured Settlement – Educating Consumers through the Internet
Thursday, February 4th, 2010
How Can Structured Settlement Companies Educate People Who Want to Cash Structured Settlements?
Studies reveal that about 68% of Americans use the Internet on a daily basis. This is more than twice the number recorded at the turn of the millennium. Over the next three to five years, it is expected that more and more people will log on to the Internet, continuing the trend observed in the last nine years. This technological revolution therefore has presented structured settlement companies an excellent opportunity to properly educate people who sell structured settlement payments for cash.
Those who want to receive cash for settlement payments must be made aware of the following facts:
- The relationship among variables such as:
- Discount rates
- Present value
- Time value of money
- State and federal laws that affect structured settlement rights assignment
- Pricing - price calculation and rate guides
- The individual stages in the process of factoring transactions
- The unscrupulous tactics and sales practices they must avoid.
Continuing efforts should be concentrated on the above points in order to guide consumers into formulating the course of action that will allow them to get the best value for their structured settlements.
Sell Annuity Payments To Buy Your Dream Home!
Thursday, January 14th, 2010
Sell Annuity To Buy Your New Home Without Touching Your Savings!
After a long time of searching for the ideal house, you finally found it and it is everything you have dreamed of. It is just the right size and price. It is close to where you work and your kids school. It is perfect.
The only problem is the difference between the pre-approved mortgage loan amount and the negotiated selling price requires more money than you’re willing to paying out. While you do have cash in the bank, you are prudently reluctant to clean out your savings account. After all, you and your family have other expenses.
Sell Annuity Payments to Make That Down Payment!
An option you might consider is to sell annuity payments for cash. With the lump sum you get in exchange for settlements, you can make the down payment on your home without having to touch any of your savings. Not only will you be able to buy your dream house, you start your homeownership in a sound financial position.
Consider selling annuity payments (either all or just a part of them) and use the lump sum cash towards investing in equity building property. Any way you look at this opportunity, you come out on top!
Pre-Owned Annuity Information: How To Sell Your Pre Owned Annuity Payments
Tuesday, January 5th, 2010
What Is a Pre-Owned Annuity?
A pre-owned annuity very simple it can be defined by three main key points:
1) Higher Yield Returns
2) Flexible Terms
3) A to AAA Rated
Why Selling Your Pre Owned Annuity is Easy
When individuals retire after after working for many years, employers offer retirement benefits such as cash balance plans to express thanks for the services the employee provided.
Many of these employees choose to invest that retirement package in an insurance company, as long as their money is paid back on a regular basis. This arrangement is known as an “annuity”. By buying an annuity, the investor is guaranteed regular income through retirement, or thereafter to him or to his heirs.
A pre owned annuity is one of many popular types of annuity payments. Annuities offer a constant rate of return, unlike the other types of annuities such as variable and equity-indexed annuities.
Sell Pre-Owned Annuity Payments to Take Care of an Emergency Expense
A pre-owned annuity is usually considered to be a good option for conservative buyers and it is known as one of the safest form of fixed term financial products that is able in todays market.
When your choosing to sell your pre-owned annuity payments, the process usually is as follows:
1) Call a financial company that handles pre owned annuity payments, such as Woodbridge Investments and request a quote. The company will usually offer several options that can meet the individuals financial needs.
2) One the individual settles on an option, the company goes through and completes the application process.
3) The company gives the applicant a contract, along with a disclosure statement which he/she will have to get notarized.
4) All relevant documentation is collected from the financial company, process the application and submits them to the court for approval. Please keep in mind, every state is different and the financial company is expected to follow all federal laws in the process of this.
5) The court reviews the application to confirm if it is in the best interests of the applicant. Once and if the application is approved by the court, the finance company will inform the applicants insurance company of the payment transfer. Usually within a matter of a few days, the money is transferred to the applicant.
Sell Annuity - Spending Too Much Cash On Buying Annuities
Monday, January 4th, 2010
Buying Annuities: It Seemed Like a Good Idea at the Time
One of the most serious missteps people make when purchasing annuities is putting too much of their cash into the transaction. The monthly payments are useful until someone in your family needs expensive surgery and medical insurance only covers a fraction of the total cost.
This scenario happens quite frequently. Every day people become bankrupt because of medical bills. If you put all of your cash into the annuity, you have to figure out how to raise enough money o pay the bills.
Sell Annuity Payments When They Start Working Against You
Fortunately, such a misstep is not totally beyond repair. It is still possible to sell annuity payments for cash. By selling all or just a fraction of your annuity payments, you can get the cash needed to pay for your emergency expenses. If by chance you do not use up all of the cash, put the remaining balance in your savings account. After all, you don’t want to be tempted to take some other financial misstep!
Annuities Drive up American Equity Earnings
Wednesday, November 25th, 2009
American Equity Sells More Annuities This Year
Annuity sales for 2009 topped $3 billion at American Equity Investment Life Holding Co., the company said Wednesday.
Due to uncompromising dedication to delivering quality products and services, the company has stepped up sales to meet increased demand for fixed-index annuities and other principal-protected products.
Changes in Market Compel More Americans to Buy Annuities
From third quarter 2008’s $572 million, annuity sales increased 71% to $980 million in the quarter. This growth can probably be attributed to the deep impact the volatility and market declines had on consumer attitudes in the last twelve months.
American Equity recorded an operating income of $28.2 million during the third quarter (that’s a 26% increase over the same amount of time last year) thanks to booming annuity sales. Operating income doesn’t include investment gains and losses in the quarter.
From last year’s net loss of $11.7 million, this year’s figure is looking up at $3 million. The net loss included $11.5 million of realized losses on investments.
American Equity claims to be taking steps to shore up its capital reserves to keep up its excellent rating by A.M. Best Co., including drawing down on its line of credit, restructuring commission payments and expanding reinsurance treaty.
The company also ceded $513.8 million of annuity premium to Athene Life Re under funds withheld reinsurance arrangements in the third quarter and raised $1.1 million by issuing 132,300 shares in the quarter.
New Hampshire Couple Hits Lottery Prize Twice in Four Years
Tuesday, November 24th, 2009
New Hampshire Couple Hits Lottery Prize Twice in Four Years
Bob Jaracz of Nashua, NH has always believed himself a lucky guy. In light of the fact he has won the lottery twice, who can really dispute that?
Jaracz said he plays the lottery weekly. Like many other players, he picks the numbers quickly and randomly, and buys his tickets at random stores.
But unlike those other players, he’s hit the lottery twice for over a million dollars.
Winning the Lottery in 2005
The first time was on Thanksgiving Day 2005, when he won Tri-State Megabucks for $1.9 million.
Jaracz said that initially, it was hard to believe. Diane, his wife, said that with all the excitement of telling friends and family, they sort of forgot about the turkey in the oven.
“It was only a little dry,” she said.
The couple used the prize money to settle all their debts, repair their home, purchase a new car and go on some trips.
Winning the Lottery Again in 2009
Then, in late September this year, fate would smile on them a second time.
Jaracz won the Weekly Grand Game for a little more than $1 million. He said he always had the feeling like he was going to win again.
This time around though, Jaracz said he will be dedicating his good fortune to help the Humane Society, the Santa Fund, and other local charities.
When asked if he plans to stop playing the lottery, Jaracz replies, “No way. I think I’m going to win again.”
“I Want To Sell My Annuity to Refinance Home Loans!”
Wednesday, November 18th, 2009
Why People Want to Buy Annuity Payments
Annuities are designed to take present value of a specific amount and distribute payment of that amount out over a period of time. Payments are made at the end of each period, as determined in the contract (i.e. monthly, yearly).
As it relates to payments of the annuity, this amount is determined or approved by the courts. These annuity payments contracts are regulated by various jurisdictions, and most states have laws on how structured settlements can be sold to companies that buy annuity payments.
In cases where money is put into an account to secure an income stream for the future (such as retirement annuities), the annuity has two phases
1. the deferral phase - where contributions are made to an account to accumulate money
2. the annuity phase - where payments are made to the annuitant, or beneficiary, from this account
Look for People Who Buy Annuity Payments and Get Cash
Depending on the type of structured annuity contract you have, you may be able to get cash for future payments by transferring your rights to companies that “buy” annuity payments. Such a transaction provides you liquid money for your current needs. Because of the effects of inflation on the time value of money, it may be best that you cash out your annuity.
Financial consultants can analyze your total financial situation and explain all the options available with your specific annuity, so you can make the best decision for yourself.
Look for Companies That Buy Lottery Payments For Cash
Monday, November 16th, 2009
Why Look for Companies That Buy Lottery Payments for Cash
Winning the lottery can change anyone’s life. One of the most important decisions a lottery winner has to make is whether to take the lump sum payment or annual payments. The answer is really a risk premium and a mathematical question. Do you think you can do a better job investing your lottery winnings than your lottery commission can? When you choose annual payments, the lottery commission is in charge of investing your money.
They will make sure that you that you will earn a certain amount of money each year over the life of your lottery annuity payments. They are banking on the fact that they can invest lottery premiums and earn a better return than you could on your own. Another option is to shop for companies that buy lottery payments for cash and choose the best offer. If the prize winner is not investment savvy, he or she can get the services of a competent financial professional.
Sell to Companies That Buy Lottery Payments for Cash – It’s a Smart Financial Move
There are many companies that buy lottery payments for cash as a business. They can offer alternative cash flow funding with lump sum cash buyouts for your lottery winnings and structured lottery annuity settlements.
If the winner wishes flexibility and control of his or her money, selling lottery winnings is the best option.