Annuities Blog

I have people contact me all the time looking for a financial product that can provide them safety and security along with a rate of return that is worth their investment. There are Annuity owners out there that are ready to sell the legal right to their structured, monthly payments so that they can benefit by receiving a lump sum amount of money instead. They turn to the secondary market to convert these annuities creating a pre owned annuity, which can provide the new buyer/owner of the annuity with a steady stream of future income, as well as a healthy ...
Read More

Structured Settlement Annuities come in all shapes and sizes. The key when purchasing one is finding the right one to fit your personal goals. The primary benefit of a Structured Settlement Annuity is the higher rate of return when compared to Single Premium Immediate Annuities and/or Fixed Deferred Annuities. Usually you can expect to receive up to 3% higher effective rates of return when compared to direct annuity purchases from an insurance company. The reason for this higher rate of return is because the original owner is bailing out early on their payments and that creates a cost savings for ...
Read More

I’ve been telling you a lot about Secondary Market Annuities so that you can have the knowledge you need to decide if this is an option that may work for you and your family. Today I want to touch on how the money is distributed and how these annuities are checked out when they are purchased. Secondary market annuities provide multiple or single payment distributions over short or long term periods. The distributions are paid by the insurance companies to the new buyer in exactly the same way as they were to the original owners. Rather than an investment, the ...
Read More

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 assume that someone won the lottery or a structured settlement payout due to a judgment in a court of law. They are awarded $5000 per month for the duration of their life. That person may be completely comfortable with that payment coming in on a ...
Read More

Have you heard of a Certified Pre-Owned Annuity™ but are not really sure what it really is? A Certified Pre-Owned Annuity™ is a contract that is issued by an insurance carrier, as part of a structured settlement. This contract guarantees the holder payments from the annuity over a fixed amount of time at a fixed rate of interest. The interest rate is determined by several factors, including current market conditions, term, carrier rating, and buyer acceptance. Certified Pre-Owned Annuities™, as the name implies, have already been owned by someone else.  This means that the payment term, payment amounts and average ...
Read More

I got an interesting question from a producer recently. “Do I have to buy the Done-For-You Insurance Selling System to sell In-Force™ Secondary Market Annuities?” The answer is no, of course you don’t. As an agent you face two compelling challenges: 1.)  Attracting consistent steams of brand new prospects 2.)  Converting those prospects into actual paying clients However, what producers tell me repeatedly is the greatest frustration they have about selling is that they have to push themselves upon people, and a lot of the follow up falls through the cracks. The key to selling is in the follow up.  ...
Read More

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 owners are willing to sell the legal right to their structured monthly payments, at a discount, for a lump sum payment. A majority of the time, the seller is someone who was injured in an accident and receives an annuity settlement from an insurance company.  ...
Read More

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 Property Settlement Agreement, as applicable Court Order permitting the assignment of the annuity payments and naming you as new Payee Statement of Independent Professional Advice or Waiver, where applicable Satisfactory Results of Uniform Commercial Code (UCC) (within 30 days of closing) Judgment (within 90 days ...
Read More

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™ Fixed Term Annuity is generally between $50,000 and $150,000 but this is just an estimate.  The number can range higher or lower. The length of the terms range from 1 year to 35 years but typically they are on average 5 to 20 years long ...
Read More

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 you purchase after the court transfer date has passed or in other cases where Bulbrook/Drislane deems it appropriate, the apportioned payments may be paid to you through a third party servicing company.  No matter which way the payments are coming to you, the U.S. based ...
Read More