Financial Resource CenterSee Details

FairField's 100% GuaranteeSee Details

BBB Accredited Business - A+ Rating

Financial Resource CenterSee Details

FairField's 100% GuaranteeSee Details

BBB Accredited Business - A+ Rating

Investment Annuities

What is an investment annuity? An investment annuity is an annuity which is set up by an individual typically to serve as a retirement. When the individual sets up the annuity they do so through an insurance company and they make an upfront investment to be paid out over time with an agreed upon rate of return on the initial investment. The individual is listed as the owner and the individual can list whomever they would like as the beneficiary should they die before receipt of the entire investment return.
Once the investment annuity is set up, the individual, now the owner, has full control over the annuity plan. As such, they can change the beneficiary at any time. However, they are not able to “reverse” the annuity. Meaning, the insurance company will not allow them to receive a lump sum of money rather than they annuity payments which have been set up. This is where several structured settlement purchasing companies come into play. They often will provide individuals with the option of receiving a lump sum.
If the insurance company issuing your investment annuity payments will allow you to irrevocably change the owner and the beneficiary of your annuity, then yes, you can absolutely sell your investment annuity payments. Having the ability to change these two items will almost always determine whether a structured settlement purchasing company will be able to purchase your investment annuity in exchange for a lump sum of case.
The best thing to do is contact the insurance company who issues the investment annuity and asks if they will allow the irrevocable beneficiary and owner change. If they will, you should start contacting structured settlement companies to see what you can get for your investment annuity payments.

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Connect.

Call Now.

888-943-8637

© Copyright , Fairfield Funding. All Rights Reserved. Privacy Policy
Site Design by Derek Perez Design