Previously Owned Annuities Pros and Cons
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.)...
Are You Aware of the Different Types of Annuity Options Available?
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 family. All insurers, brokers, agents and others engaged in the transaction of insurance owe any prospects 65 years of age or older, a duty ...
What Financial Product Provides Both Safety and Security?
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 ...
What Structured Settlement Annuity is Right For Me?
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 ...
How do Secondary Market Annuities Get Checked Out?
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 ...
Are You Familiar with one of the Least Known Financial Instruments Around?
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 Your Conversion Rates Where You Want Them To Be?
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 frustra...