What is Annuity Payment?
Annuity Payment is a series of payments made at fixed intervals of time. Actually an annuity is a contract between you and an insurances company in which you make a lump sum payment or series of payment and in return obtain regular disbursements beginning either immediately or at some point in the future.
What is the goal of annuities payments?
The main goal of annuities is to make available a steady stream of income during retirement. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments.
How Do I Sell My Annuity Payments
The process of sell your annuity payments is not a complex, you can easily sell you annuity payments.
Following are the tips or ways, which are very help-full in sell your annuity payments.
- Determine if you annuity in transferable
- Determine if your annuity is a structured settlement
- Evaluate your annuity
- Search for an annuity buyer
- Try to obtain offers form at least 5-companies before you decide who to sell your annuity to.
- Understand that the buyers stand to gain
- Decide what type of funding you need or want
- Gather your paperwork
Sell My Annuity Payments And Tips
No comments:
Post a Comment