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There is a company called Woodbridge Investments that will offer you cash for your annuity, if you wish to sell it. Otherwise you should contact the insurance company that provided you with the annuity and ask them.
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∙ 10y ago
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Is pure endowment an annuity?
Yes. A pure endowment is a one-payment annuity.
What is the purpose of annuity providers?
An annuity is a financial contract in which the payer provides payment for certain services.The purpose of annuity providers such as Prudential is that they can help one increase their income for retirement that lasts a lifetime.
Differentiate between ordinary annuity and annuity due?
In an ordinary annuity, the annuity payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each annuity payment accumulates an extra year of interest. This means that the future value of an annuity due is always greater than the future value of an ordinary annuity.When computing present value, each payment in an annuity due is discounted for one less year (because one of the payments is not made in the future- it is made at the beginning of this year and is already in terms of present dollars). This will result in a larger present value for an annuity due than for an ordinary annuity, as well.
What is the difference between ordinary annuity and annuity due?
In an ordinary annuity, the payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each annuity payment accumulates an extra year of interest. This means that the future value of an annuity due is always greater than the future value of an ordinary annuity.When computing present value, each payment in an annuity due is discounted for one less year (because one of the payments is not made in the future- it is made at the beginning of this year and is already in terms of present dollars). This will result in a larger present value for an annuity due than for an ordinary annuity, as well.
How can one purchase an annuity?
You need to decide what type of annuity you want to purchase a fixed annuity are for the conservative investor the rate of return is lower. With a variable annuity gives choices of where to invest and amount of payment. A finical advisory will be very helpful to the decision process.
How does one go about calculating an annuity payment?
One goes about calculating an annuity payment in a number of ways. First, one must determine the type of annuity. Second, one must find the option for payout. Then, one must determine the other details about the annuity and finally, factor in how the payment will be working in relation to the time frame of payment.
What is annuity kind of cash flow?
Annuity is fixed sum of money paid every year in at any other fixed interval shorter than a year. This annuity may be by way of return of some principal plus interest payment of against money invested or by way of payment of other dues such as pensions after retirement. In any case it represents out flow of cash from one account to in flow of cash to another account. In this way all annuities involve movements of cash or funds. Therefore all annuities are cash flows that can be suitably represented in cash flow statements. An annuity will be represented as inflow of cash in the cash flow statement for the recipient of the annuity and out flow of cash in the cash flow statement of the person or firm paying out the annuity.
Where can I go online to find out how to go about getting cash for an annuity?
One popular source to go about getting cash for an annuity is Peachtree Financial Settlement funding, located at www.peachtreefinancial.com. This site here is just one of many that will buy your annuity for cash http://www.annuitytransfers.com/whychooseannuitytransfers.html. They are trustwrothy and honest.
Is pure endowment an annuity?
Yes. A pure endowment is a one-payment annuity.
Where might one go online to get cash for a structured settlement payment plan?
John Hancock Structures offers a lump sum of cash in lieu of long term small annuity payments. The particulars will vary from state to state and the sort of annuity being converted/sold.
Where can I find annuity comparisons?
There is a lot of places that you can find annuity comparisons. But the one that I would suggest is J.G. Wentworth. I suggest J.G. Wentworth because they seem like they try everything that they can to get you the cash you want when you need it most.
Annuity loans are what type of loan exactly?
Annuity loans are when an annuity holder borrows money against the value of an annuity contract. It allows one to access funds without having to cash out their annuity immediately.
Where can one find information about annuity leads?
One can find information about annuity leads by speaking with sales people in the field and getting advice from them as to how they are able to get new annuity leads.
What is the purpose of annuity providers?
An annuity is a financial contract in which the payer provides payment for certain services.The purpose of annuity providers such as Prudential is that they can help one increase their income for retirement that lasts a lifetime.
Where can one find charts on annuity comparison?
There are many places where one could find charts on annuity comparison. The best places to find charts on annuity comparisons would be places like banks.
Can I transfer cash for a structured settlement into an annuity?
Many structured settlements are actually already in the form of an annuity. If for some reason they're not, it doesn't look like you could transfer them without using one of those cash-for-settlement companies and then buying an annuity with the payout.
Differentiate between ordinary annuity and annuity due?
In an ordinary annuity, the annuity payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each annuity payment accumulates an extra year of interest. This means that the future value of an annuity due is always greater than the future value of an ordinary annuity.When computing present value, each payment in an annuity due is discounted for one less year (because one of the payments is not made in the future- it is made at the beginning of this year and is already in terms of present dollars). This will result in a larger present value for an annuity due than for an ordinary annuity, as well.
