Each week, Annuity FYI publishes a secondary market annuity of the week that offers a great guaranteed yearly return. Secondary market annuities may seem confusing to those who are not familiar with them, but these annuities are a great way...
What Is A Secondary Market Annuity?
Secondary Market Annuities can be great alternatives to the current low yielding fixed income investments. Recently they have offered fixed compounded effective yields as high as 6%.
Often, individuals are awarded annuities as a result of a lawsuit (such as a personal injury award) or winning a state lottery. Instead of a large one-time payment, they received a series of payments over time.
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“Secondary market annuities are guaranteed income streams or lump sum payments that someone is selling at a discount. By the individual selling at a discount they are creating a yield enhancement for the investor over traditional annuities. These are transferred via a court order to ensure the payments are securely transferred to the investor. That being said these transactions should be reviewed by an attorney that is not part of the transfer process to protect your hard earned dollars.”
Andrew Murdoch, Certified Financial Planner™
Annuity FYI Expert