There are a variety of sites that offer to buy the annuity of individuals, but it's advisable to ensure that the seller trusts the source. The best option is to consult an investment manager before selling something as important as your annuity.
One has to first prove that the annuity is theirs to sell. This requires photo identification, a copy of the annuity policy, a copy of the annuity application, as well as copies of tax forms in some instances. A broker can then be hired to sell the annuity, or a person can do it themselves. Woodbridge Structured Funding and Liberty Settlement Funding are two, of many, companies that offer online services to a person looking to sell an annuity.
One can find an annuity payments calculator at a number of places online. For example, DGI Direct, RBC Insurance, Bankrate, and Legal and General all have annuity payments calculators online.
There are many websites where one can find annuity rates. Some of these include Annuity FYI, Fidelity, USInsuranceOnline, and Annuity Rates Instantly.
There are many places where one would be able to learn about annuity funds online. One could visit sites such as Understand Annuities for information regarding annuity funds.
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.
There are a variety of companies that sell leads for annuity sales. One such company is Lead Exchange. They offer a mailing list to companies that pay for it of different leads of other companies and such.
Calculating the value of your annuity can be an important aspect of settling your finances. Many companies, banks, or colleges have online annuity calculators to help you calculate the value of your annuity.
Annuity brokers can be found locally or online. Depending on the types of services desired, it is often recommended that one visit an annuity broker in person in order to get customized service and advice.
There are various secondary markets, many are online, that will buy your annuity and give you a lump sum payment. Typically, you would get more money though if you take the monthly allotment rather than the lump sum, so one should read and calculate the terms carefully.
You can visit a company like mystructuredsettlementcash to sell annuities and structured settlements. They have lists of buyers to take over your annuity payments.
All reputable annuity suppliers will provide a hybrid annuity. Please talk to your financial adviser to select the best one for you. Some people may not realise that a hybrid annuity is nothing more than a name for a fixed index annuity with a guaranteed lifetime income rider. An investor buys units of a variable annuity and the balance of his portfolio is used to buy units of a fixed annuity.
There are a wide variety of aspects to consider before deciding whether or not to sell your cash for annuity investments. One must consider whether the investments are reliable and secure.