Advice for Annuity Buyers and Annuity Sellers

By: Mark Long


It is not so easy that anyone can always buy or sell their annuities for lump money. To be value an annuity, weather to buy or sell, first you need to know, what an annuity is basically deals about. An annuity is a continuing payment with a fixed total amount. It may also be a financial contract for a person or a stream or fixed payment for a fixed period of time. But there is another situation when an annuity has no definite end is called as perpetuity. There are few basic easy and beneficial tips for all annuity sellers to follow steps on how to sell annuity payments.

Check If Your Annuity Is Transferable

Annuities can be transferable or non-transferable. If your annuity is not transferable, you cannot sell it in any way. If you still want to sell it when youíre in need money immediately, you are left to no option but list it as an asset of income and apply for regulars bank loans.

Annuity Needs To Be Determined If It Is a Structured Settlement

Many states have rules or laws that protect peoples who want to sell their annuity which are structured ones. If you are living in a country which has a structured settlement protection act, the transaction you want to be done needs an approval of a state law court. This helps you to ensure your best interests are protected.

Evaluate Your Annuity

Before you want to look around for annuity buyers, identify the people who are eager to buy your annuities. Try to find the resell value of the annuity before you get into any commitment of buying an annuity. Usually, the annuities offer tax deferrals from the time of initial investment but these distributions are taxable. Hence you must have to think about it when you decide to sell your annuities. Itís recommended to have an advice from experienced annuity experts because annuities contains a lot of complex documents and much more legal documents and if you are fuzzy on details as you may wonít get a big price for your annuity.
In order to find the right buyer for selling your annuity, the following steps may be useful

Search for a Buyer

Find a buyer you can ask annuity details for recommended buyers and you can look for companies that have good reputations and reviews in selling annuity for cash. Visit their website which may give you much more details on how they help in selling your annuities and if your satisfied, get a quote from them. You will have to give them you personal information such as name and email or phone for them to can contact you. The quote that most of the companies provide, may not disclose the fee that will be deducted in the settlement after the completion of transaction.

Choose the Best

Always try to obtain few best proposal or offers from more than five companies before you plan to decide on buying or selling annuity.

If you sell it by yourself, you probably wonít incur any fees, thatís why is recommended to hire a broker. He can sell the annuity for you. Of course you will have to pay a fee for brokerage but you will receive professional services; this depends about the broker you choose to work for you.

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Mark Long is an Annuity Expert who worked in a leading financial company as Investment Consultant. He shares his personal experience right from how sell a structured settlement to sell annuity payments for cash.

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