17.4 C
Los Angeles
Thursday, June 1, 2023

List Of Safaricom Mpesa Loan Products In Kenya

This is a list of Safaricom Mpesa...

Requirements to Create a Crunchbase Profile Page

Requirements to Create a Crunchbase Profile Page....

How do I create a Crunchbase profile?

With Crunchbase, any registered user can add...
HomeHow ToHow to Find a...

How to Find a Buyer for Your Annuity

- Advertisement -

Are you trying to find out who will buy annuity payments. Look no further. How to Find a Buyer for Your Annuity

What is an annuity buyer?

An annuity buyer is a company that offers cash to annuity beneficiaries or recipients who want or need money in exchange for rights to their periodic payments.

Who purchases annuity payments?

If you have an annuity or structured settlement and are interested in selling your payment rights in exchange for a lump sum payment, there is a market full of companies, aside from us, that are seeking to do business with you. 

How to find the best annuity buyer

Review our list below as we have listed most companies in the secondary market. As important as it is to understand a company’s reputation, it is more important that you are treated fairly. Relevant factors you may want to consider are as follows:

- Advertisement -
  • Whether the company can be easily contacted.
  • Whether the customer service representatives are cooperative and easy to deal with.
  • Whether their offer is fair and competitive in the current market.
  • Whether their representatives clearly explain the timeline and available payment options.
  • Whether they are properly licensed and are in compliance with applicable laws.
  • How do you feel about the process and service being provided to you?

And, as with most other transactions, be sure to shop around for a variety of quotes. Sometimes the company giving you the best quote won’t necessarily have the best reputation. So, it’s important to balance all these factors against each other before making a final decision.

If you are feeling overwhelmed with the available choices and you can afford it, you may consider retaining the services of an attorney experienced with the secondary market for annuities.

- Advertisement -

Getting a fair quote

Yes…if you contact us for a quote. Remember that the quote is for a discount of the present value of your payments. According to industry group the National Association of Settlement Purchasers, the industry maximum for discount rates is approximately 18%. Other factors that will impact your quote include the following:

  1. The number of payments you are seeking to sell;
  2. The amount of money you are contracted to receive;
  3. Your payment schedule, including when will your payments arrive; 
  4. The current state of the market;
  5. Rating of the insurance company that issued your annuity; and
  6. If any fees or other charges will be owed if the annuity is transferred.

After you shop around for a number of quotes, you will get a sense of what you can expect to receive for your annuity or structured settlement in the current market.

Do you have an investment annuity that you are interested in selling? Please call us or complete our contact form.

Evaluating Your Annuity

  • Determine whether or not your annuity is transferable. If your annuity is not transferable, then you cannot sell it under any circumstances. Check your contract to see if it is transferable. If you are trying to get immediate funds, list your nontransferable annuity as an asset or form of income and apply for a bank loan.
  • Determine if your annuity is a structured settlement. Check your contract or consult your accountant to learn about the laws in your state. Most states have laws that protect people trying to sell their structured annuity. If your state has a Structured Settlement Protection Act, your transaction will have to be approved by a state court. The Periodic Payment Settlement Act protects those who received a cash sum as a result of personal injury and wrongful death lawsuits, from spending the awarded money too quickly, which may then force them to turn to public assistance to meet their needs.
  • Don’t try to sell a structured annuity by yourself, especially if you are living in a state that does not have a structured annuity protection law. Talk to a trusted broker and attorney before you proceed.
  • Evaluate your annuity. Before you shop around for annuity buyers, find out what the resale value of your annuity is. Hire an accountant if you are unclear on the details of your investment and its relative worth. Keep in mind that selling your annuity always result in your receiving a lower amount of money from your annuity. You will get a lump-sum payment that is adjusted with a discount rate, meaning that you’ll get about 8 to 14 percent less than you would if you waited for the payments
  • Understand the tax implications of selling your annuity. All annuities offer tax-deferral from the time of your initial investment. Your distributions, however, are taxable. This means that your annuity grows tax-free in the accumulation phase, but is taxed as distributions are made to you. These payments are taxed as ordinary income.
  • Gains made by selling your annuity before it matures are taxable as ordinary income. However, losses on the sale are not tax-deductible as investment losses.
  • If you withdraw from an annuity before age 59.5, you are also charged a 10% tax penalty. However, exceptions are made in various cases, such as the death or disability of the annuity holder.
  • You can also trade your annuity for another qualified annuity contract without paying taxes on the first annuity. These “1035” exchanges can be tricky, so check with a tax accountant or investment adviser before proceeding.

Companies that will buy your annuity:

  • AnnuityFreedom.net
    (877) 547-3672
  • Axos Bank
    Telephone: (855) 232-2967
    Website: axosbank.com
    Address: P.O. Box 509127
    San Diego, CA 92150
  • Catalina Structured Funding, Inc.
    Telephone: (800) 317-3769
    Website: catalinastructuredfunding.com
    Address: 2626 Foothill Blvd., Ste. 200
    La Crescenta, CA 91214
  • Genex Capital Corporation
    Telephone: (800) 348-3098
    Website: genexcapital.com
    Email: info@genexcapital.com
    Address: 73 Greentree Drive #99
    Dover, DE 19904
  • DRB Capital
    Telephone: 855-582-9975
    Website: drbcapital.com
    Address: 1625 S Congress Avenue, Suite 200A,
    Delray Beach, Florida
  • Novation Settlement Solutions
    Telephone: (888) 797-3740
    Website: novationsettlementsolutions.com
    Address: 1641 Worthington Road, Suite 410
    West Palm Beach, FL 33409
  • Client First Settlement Funding
    Telephone:(888) 594-1195
    Website: clientfirstfunding.com
    Address: 301 Yamato Road, Suite 3200
    Boca Raton, FL 33431
  • Fortune Settlement Solutions
    Telephone: (833) 736-7886
    Website: fortunesettlements.com
    Email: info@fortunesettlements.com
    Address: 8000 Governor’s Square Blvd.
    Miami Lakes, FL 33016
  • Liberty Settlement Funding
    Telephone: (855) 643-0333
    Email: info@libertysf.com
    Website: libertysettlementfunding.com
    Address: 633 South Federal Hwy, 1st Floor
    Fort Lauderdale, FL 33301
  • 123 Lump Sum Ltd.
    Telephone: (800) 397-6721
    Website: 123lumpsum.com
    Email: info@123lumpsum.com
    Address: 3625 W Broward Blvd.
    Fort Lauderdale, FL 33312
  • BH Fast Funding LLC
    Telephone: (833) 777-6500
    Website: bhfastfunding.com
    Email: Info@bhfastfunding.com
    Address: 20203 NE 15th Ct,
    Miami, FL 33179
  • WePayMore Funding LLC
    Telephone: (877) 431-0704
    Website: wepaymorefunding.com
    Email: info@wepaymorefunding.com
    Address: 16 NE 4th St. Suite 210
    Fort Lauderdale, FL 33301
  • Singer Asset Finance Company, LLC
    Telephone: (800) 670-6777
    Website: singerasset.com
    Email: sales@singerasset.com
    Address: 2255 Glades Rd E, Ste 118
    Boca Raton, Florida 33431
  • Rightway Funding, LLC
    Telephone: (844) 516-6639
    Email: info@rightwayfunding.com
    Website: rightwayfunding.com
    Address: 600 Corporate Dr, Suite 100
    Fort Lauderdale, FL 33334
  • Rising Capital Associates
    Telephone: (866) 444 – 5061
    Email: lnfo@risingca.com 
    Website: risingca.com   
    Address: 5300 West Atlantic Ave. Ste 200
    Delray Beach, FL 33484
  • Annuity.org
    Telephone: 855-995-1277
    Email: contact@annuity.org
    Address: 1 S. Orange Avenue, Suite 200
    Orlando, FL 32801
    Website: annuity.org
  • Fairfield Funding
    Telephone: (855) 304-9970
    Website: fairfieldfunding.com
    Email: info@fairfieldfunding.com
    Address: 1441 Dresden Dr
    Atlanta, GA 30319
  • SenecaOne
    Telephone: 800-462-5288
    Website: senecaone.com
    Address: 7920 Norfolk Avenue, Suite #300
    Bethesda, MD 20814
  • New Leaf Structured Settlement
    Telephone: (800) 517-7671
    Email: info@newleafstructuredsettlements.com
    Website: newleafstructuredsettlements.com
    Address: 3700 Koppers St, Ste 143
    Halethorpe, MD  21227
  • Stone Street Capital
    6130 Executive Blvd., Suite 310
    Rockville, MD 20852
  • Strategic Capital
    Telephone: (866) 256-0088
    Website: strategiccapital.com
    Address: 575 Madison Ave Ste 1006
    New York, NY 10022
  • Northwest Life Settlements
    Telephone: (503) 642-5328
    Email: info@nwlifesettlements.com
    Website: nwlifesettlements.com
    Address: Beaverton, OR 97006
  • JG Wentworth
    Website: jgwentworth.com
    Phone: 866-930-6480
    Address: 1200 Morris Drive
    Chesterbrook, PA 19087
  • Peachtree Financial Solutions
    Website: peachtreefinancial.com
    Telephone: (800) 821-7773
    Address: 1200 Morris Drive
    Chesterbrook, PA 19087
  • CBC Settlement Funding
    Telephone: (800) 843-9020
    Website: cbcsettlementfunding.com
    Email: info@cbcsettlementfunding.com
    Address: 181 Washington Street, Suite 375
    Conshohocken, PA 19428
  • Annuity Transfers, Ltd.
    Telephone: (972) 952-0260
    Website: annuitytransfers.com
    Email: info@annuitytransfers.com
    Address: 1800 Preston Park Blvd, Ste 115
    Plano, TX 75093
  • RSL Funding LLC
    Telephone: (800) 543-6513
    Website: rslfunding.com
    Address: 1980 Post Oak Blvd, Ste 1975
    Houston, TX 77056
  • Settle4Cash
    Telephone: (800) 520-2844
    Website: settle4cash.com
    Address: 14755 Preston Rd
    Dallas, TX 75254
  • Paymaster.co
    Telephone: (888) 999-8606
    Website: paymaster.co

Make sure to check out our social media to keep track of the latest content.

Instagram @nyongesasande

Twitter @nyongesasande

Facebook Nyongesa Sande

YouTube @nyongesasande

Disclaimer: The information that Nyongesasande.com provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. We aim to present the most accurate information possible. Through this website, you might link to other websites which are not under our control. We have no control over the nature, content and availability of those websites. Inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them. All content on this website is copyright to the website’s owner and all rights are reserved. We take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control. Please refer to our terms and conditions and privacy policy before using this website.

Previous article
Next article

- A word from our sponsors -

Most Popular

Previous article
Next article

More from Author

List Of Safaricom Mpesa Loan Products In Kenya

This is a list of Safaricom Mpesa loan products in Kenya....

Requirements to Create a Crunchbase Profile Page

Requirements to Create a Crunchbase Profile Page. As Crunchbase is a...

How do I create a Crunchbase profile?

With Crunchbase, any registered user can add or edit a profile...

Zuku Fiber Coverage in All Locations in Kenya

Zuku Fiber Coverage in All Locations in Kenya. Zuku is a...

- A word from our sponsors -

Read Now