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Posts Tagged: Annuity Payments


23
Dec 10

The Downside of Annuities (Part 1)

While an annuity can be a useful part of a retirement plan, the term “Variable Annuity” has become a dirty word in regulatory circles in recent years.  There have been thousands of cases of people, particularly seniors, being talked into variable annuities that were completely inappropriate for them.

In 2009, a class action lawsuit against nationally-known insurance company Allianz alleged that some 340,000 people were sold risky variable annuities, and were misled by slick sales reps about the underlying terms and penalties of these annuities.  They earn fat commissions on the sales of these products, so the incentive to sell – and the pressure they put on you to buy – is huge. Here are some things to watch out for if you’re being pitched this kind of product.

Surrender Penalty.  The insurance companies who sell annuities don’t make any money if you’re able to pull the funds out whenever you want.  So they tack on a “surrender penalty,” a percentage that the company deducts from your account if you close your account sooner than they would like.  Read the fine print – you may have to wait three, five, seven years or more before you can take your money out without giving up a big percentage of it to do so.  That means, if you’re unsatisfied with the annuity company, or if you have a financial emergency and need cash, you lose out big time.  And depending on your age and life expectancy, what are the odds that you will outlive that surrender period?

In the Allianz case, the annuitants alleged they were promised an “upfront” bonus for purchasing the annuity that would offset the surrender penalty.  The annuitants claimed, however, that Allianz was not on the hook for this bonus for fifteen years, and for some annuitants, the bonus never materialized.

Taxes.  Annuity salesmen emphasize that these products grow tax-deferred, and that’s true.  While your money is locked up in the annuity, you pay no taxes at all.  Once you begin taking withdrawals, you pay taxes on the earnings portion of your annuity.   But these earnings are taxed as income at your income tax rate.  By contrast, were you to put your money in a mutual fund on your own, the earnings would be taxed each year as capital gains at just 15%.  If you’re in a tax bracket higher than that, having your money in an annuity has actually cost you more in taxes.

The next post will address further red flags of variable annuities.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


22
Dec 10

Annuities – The Basics

An annuity is, simply, a promise to make a series of regular payments over a period of time.  The annuity contract spells out the terms of this promise.

There are various types of annuities, but this discussion centers on those used for retirement or income planning.  An annuity can be a great way for someone to guarantee an income for himself and prevent himself from blowing his savings too early.

An immediate annuity is created when someone uses a lump sum of cash, such as accumulated retirement savings, to purchase an annuity.  The annuity will consist of payments usually made over the life expectancy of the retiree.  A deferred annuity occurs when someone makes periodic payments into an annuity; when all of the payments are made, the annuity begins making periodic payments to the annuitant.

Annuities can be fixed, that is, they pay a fixed interest rate over the life of the payments. This is a very safe and conservative option, but deprives the annuitant (that’s the person receiving the payments) the opportunity to reinvest the annuity funds into an investment with a higher rate of return.

A variable annuity does not provide that guaranteed rate of return, but also allows the annuitant more control over the investments underlying the annuity – and therefore a greater chance at earning more money.  Generally the annuitant (and probably his investment advisor) will choose an allocation of investments designed to generate the desired return.  The annuity may also call for reallocation at periodic intervals, where the annuitant can change the underlying makeup of his investment portfolio.  One downside of this more active management of the annuity funds is the fees involved with buying, selling, or reallocation of the investments.

The structure of your annuity depends on the initial investment, interest rate, underlying investments, your life expectancy, and the beneficiary arrangements on your annuity.  Obviously, the longer your life expectancy, the smaller the regular payments must be.  If your annuity provides for distributions to your heirs in the event of your premature death, this changes your payments too. 

Also important is the financial health of the company who issues your annuity, often an insurance or investment company.  If this company becomes defunct, your annuity could be at risk, so you should research and be satisfied with the issuing company’s financial stability prior to buying in.

While an annuity can be an excellent retirement planning tool, there are plenty of investing and tax issues you should consider before deciding if one is right for you.  significant risks and tax issues associated with them.  Shop around, and talk to a competent financial and tax planning professional before you choose an annuity.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


20
Aug 10

Getting the Best Price for your Annuity or Structured Settlement

Life often takes unexpected turns. Financial crises happen to most people and cash flow problems can snowball to a financial catastrophe. For example, if you’re behind on mortgage payments, it could mean losing your home. If you lose your home, you would still be required to pay rent at another residence.

If you have a structured settlement or other type of annuity, should you sell it? It depends on a number of factors, including other assets or sources of income, the risk you stand to lose if a financial crisis is not averted, and what you stand to gain if sold.

Fortunately, if you decide to sell your annuity, there is help available. There are some useful tips on selling your annuity.

Finding a marketplace to sell your annuity

As with any other commodity, you need to find a marketplace for your annuity. Unlike selling a car, you probably will not find many buyers through Ebay, your local newspaper or Craigslist. Most financial companies interested in purchasing it won’t be looking at those sources.

There are companies that advertise to purchase your annuity, and some may offer you a decent price. But in those cases, you are often given a take it or leave it offer. The more companies that know you are selling an annuity the better, and the more offers you receive, the higher price you will be offered.

QuoteMeAPrice.com provides a marketplace for your annuity or structured settlement. It brings ready, willing and able buyers together with those who need to sell, and are ready to offer cash for either a full settlement or partial settlement. QuotemeaPrice.com does the legwork of finding these buyers for you.

Knowing the worth of your annuity

If you decided to sell your car, you wouldn’t attempt to put a price on it without obtaining a blue book value. Though the selling price of the car may or may not be equal to the blue book value, you at least obtain an informed price as to the marketplace. Understanding what your annuity is potentially worth will allow you to make an informed decision on whether to sell, and if so, the offer you are willing to accept.

With an annuity, the price you receive is not simply a matter of adding up all remaining payments. This is because the remaining payments will be paid out over a number of years. Companies willing to purchase annuities will apply a discount factor against the price of the annuity, taking into consideration the interest they would be earning if their money was invested elsewhere.

There are annuity calculators available for getting an estimate of the present value of your annuity. If you need assistance in determining the value, consider contacting your attorney, accountant, or tax preparer. Or better yet, contact Quotemeaprice.com to get an idea of the present value of your annuity.

Require full disclosure of the sale terms from any buyer

Most states have enacted the Model State Structured Settlement Protection Act in one form or another. First and foremost, the Structured Settlement Protection Act requires full disclosure of all terms of the proposed sale, including the number of payments, the discount rate used by the company and any charges applied for breach of the agreement.

In some cases, independent legal or financial advice is required. Insist that any buyer comply with the Structured Settlement Protection Act

Selling your annuity or structured settlement may be able to protect other assets of yours and may be able to stop a financial crisis before it begins. Knowing your rights as a seller and obtaining the most bidders available through Quotemeaprice.com are invaluable tools to insure the best price in the marketplace is obtained.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Sell Annuity Payments to Competing Buyers

Have you ever considered selling annuity payments? Are you currently searching for a buyer? The financial arena can be a tricky business and the last thing you would want is to lose valuable capital in a bad deal. Hasty or uneducated choices can be costly. When it comes to these matters it is important to find a reputable and easy to navigate mediator to assist you to make the best possible decision.

Quote Me a Price is proposing to be just the assistance to come to the rescue. The appeal of Quote Me a Price is varied. When you are in the process of Selling Annuity Payments you can visit Quote Me a Price’s website and seek out quotes from a number of institutions. You will not be forced to make a rushed decision but you can browse through the offers you receive and make an informed decision. Quote Me a Price will not only save you time but it may even save you a multitude of problems and costly disappointment.

The option of Selling Annuity Payments has not always been available. Previously you were stuck with the annuity structure you had or you had to fork out a sizeable amount to the insurance company. Now there are companies who make it their business to purchase annuities and other structured settlements. So it is possible to avoid being trapped in an annuity or liable for unreasonable sums of money to escape.

You may be interested in Selling Annuity Payments because you are no longer in need of the money or you prefer to have one large cash payout. Whatever you reasons, you will find the information you need at Quote Me a Price. They are aware of this emerging need and market so they aim to provide a useful and comprehensive service. It is beneficial to you as the seller, as well as the institutions that are offering to buy from you.

The whole process is quite simple and hassle-free. All you need to do is go online to Quote Me a Price and fill in the necessary information. You will receive a response in two working days so you can begin comparing quotes and start the process of selling annuity payments. The firms will make cash offers and you can avoid sending your information to companies from which you have already received a quote. From the comfort of your own home you can handle all your financial business with efficiency.

In addition to selling annuity payments, you can also sell a life insurance policy. You can get quotes for other structured settlements at Quote Me a Price so it is truly an all-inclusive service. When you are in the market to sell this kind of financial policy there is no better place to look for assistance. They guarantee quotes from fine funding firms who will take into account all the most crucial information. Pay Quote Me a Price a visit and watch as your worries disappear.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Get Cash for Annuity Payments Today

If you are in a position where you have gotten rid of your form of income and you need to a settlement funding company that will offer you the best quote then you will be glad you found us. We will find you the company that will offer you the best deal giving you more cash than you expected because you were smart enough to let us find you the top rated company. Reasons for getting different quotes vary from one to another that is why we ensure that when you are trying to get enough cash from Selling An Annuity you get the best deal we can find for you.

If you are Selling An Annuity and you would like to get the most from the deal then let us find you the financial company that will pay you more than you expected. We are associated with companies that are in different financial situation therefore when we find you a settlement company that will give you the best deal you can find. Because we understand that finding so many companies takes a lot of time, and you might just give up looking before you find the company that will give you the amount of cash you deserve, we take the time to do it for you.

We have so many companies that we deal with and we are in a position to ensure that you compare your quotes with so many companies before finding the ideal company that will offer you a reasonable good amount of cash. Our service to you when you have decided to Selling An Annuity is to ensure that when you find a company you shop around before you close the deal. After years of research we realized that you do not always have all the information and the contacts of the company that will give you the best so we undertook to assist you in comparing quotes.

Should you currently be in a position to have already started and you have a few quotes in you possession then fill in our online form and indicate which quotes you have already. We might actually be associated with the company that you already have a quote for meaning that we will offer you better perspective on why you were offered the amount of cash you were offered. Because of our vast experience we also ensure that when we compare the quote for you the amounts are worth you considering and our reasons for this vary.

Some companies will offer you the best deal if they are small because they are in a better position. Some companies will offer you a better amount because they are bigger. The reasons for this also vary also so when you are Selling An Annuity do not make a move before coming through us first because you just might be missing a big chance to get more. If you need to compare the best quotes and you are running out of patience then we will do the looking for you and we will find you a better deal than you thought.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Get Cash for your Annuity Payments

Annuities are about money. Money for the future – whether it’s for the immediate or distant future. And the future – naturally – is extremely important. How can you have peace of mind if you don’t have a secure future? How can you properly plan without sound financial prospects? And in this respect annuities fulfill a very definitive role. And to Sell Annuity – let us be very clear on this issue from the very outset – is not alien to the importance of the future. No, to Sell Annuity timely, actually serves to secure a sound and happy future. To Sell Annuity ensures that one’s future financial situation is not just a hallucination.

Fact of life is that you can’t live life in the future. It is a wonderful and necessary prospect to have enough or ample money in future – immediate or distant. But would it not be much better to have some of that money available now – not only to just spend it, but also to be more able to provide for that future which the meager funds one has available at this moment in time, will not really enable you to make ample or the best investments. Do you realize that to Sell Annuity can make this become true for you, because to sell annuity is just that – to get future money available now! Thus you can have access to your future payments now so that you can also start to enjoy life now and thus start living!

For what length of time have you already been making monthly payments? For how long are you still going to continue this without experiencing having real cash on hand? Please don’t be over idealistic. Your daily expenses remind you too often of shortages. And the bills must be paid, your home bonds and other purchases must be served and you must provide in the needs of your family. You know – the moment to Sell Annuity is has everything to do with the realities of daily life and future investments. It opens a completely new perspective on your financial opportunities. But then you must become aware of the fact that you can sell your annuity or annuities. Yes, you can sell them for the maximum amount of cash! You needn’t wait for some day in future. Top Rated Settlement Funding Companies will buy some or all of your payments at a discounted lump sum cash price.

To Sell Annuity opens a wide field of possibilities which enables about everybody to gain from it, due to the great variety of annuities available. Sell Annuity deals with the Deferred Annuity, the Hybrid Annuity, the Immediate Payment Annuity, the Single-life Annuity, the Joint Life Annuity, the Life Annuity, the Single-Premium Deferred Annuity, the Qualifying Annuity, the Equity-Indexed Annuity, the Pre-retirement Annuity, the Pre-retirement Survivor annuity and the Qualified Joint and Survivor Annuity. This is an eye opener – isn’t it! Quote Me A Price is the leading referral network of the highest rated Settlement Funding Firms. Quote Me A Price – QMAP provides an essential service that allows clients to get multiple competitive cash quotes from the highest rated firms to enable them to make the best transaction and to then deal meaningfully with their present and future financial setup.

Don’t hesitate any longer. Contact www.quotemeaprice.com and live your life!

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

How to Get the Best Price for your Annuity

If you are receiving cash payments as a settlement that resulted from a court decision in your favor, you might be getting frustrated with not being able to access all of the money owed to you. Did you know that an Annuity Buyer can purchase your cash payments from you and give you a large lump sum of cash right up front for them! This is a great way to get all of the cash owed to you all at once, and it doesn’t violate structured settlement laws. Now you can have a lump sum of cash to do whatever you want with, with no hassles or questions asked!

Unfortunately, finding an Annuity Buyer is not as easy as it sounds. If you would prefer your payments as one lump sum, then you can bet other people would too! Fortunately there are many companies, investment firms and affluent individuals who would be happy to take your payments off your hands at a small discount off the total amount. Before you decide that this sounds like a bad idea, remember that the amount owed to you is accruing interest. When this interest is subtracted you get roughly the same amount that an Annuity Buyer will offer you.

The benefit of selling your settlement payments to an Annuity Buyer is that you can invest the lump sum yourself and earn much higher interest than you would have been earning if it were paid to you monthly. Either that or you can splurge on a new car or a dream holiday that you always wanted, without feeling guilty about digging in to your savings! Whether you choose to invest this money or spend it, you should be able to have instant access to all fund that are owed to you.

There are some annuity buyers who will offer you better prices for your structured settlement than others. An Annuity Buyer will typically offer you between 7%-12%, depending on many different factors. Finding a company who offers you a competitive deal is not always easy, and that’s why we bring you QuoteMeAPrice.com! On our site you can post your structured settlement and have dozens of leading annuity buyers compete to purchase it! You can get quotes from as many different companies as you like, and get cash back for your structured settlement right away!

So if you are looking for an Annuity Buyer who will give you the best cash price for your structured settlement, you can find them on QuoteMeAPrice.com. Here you can see exactly who is giving you a good deal, and who is trying to rip you off! If you already have quotes, you can simple fill those in and we will not submit quotes from that company. QuoteMeAPrice.com is the easiest way to sell your structured settlement and get the lump sum of cash that is owed to you.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Sell My Annuity Payments for a Lump Sum Today

Should I sell my annuity payments? If so, you’ve come to the right place. QMAP provides individuals selling annuity payments multiple cash lump sum quotes from top rated annuity buyers When selling your annuity payments, most consumers fail to realize that many options exist. As the owner of an annuity, you can select to sell all of your annuity payments, or just a portion. You also have the option of letting annuity buyers know that you instead would like to receive a certain amount of cash back.

You might have an annuity that pays you $1,500 per month, for 20 years. You can then tell buyers of annuities that you would like to receive $30,000 cash,”How many payments must I sell to receive $30,000 cash?” Annuity buyers will then let you know in order to receive $30,000 cash, you must sell X amount of years worth of payments. For a hypothetical example, an annuity buyer might tell you need to sell 3 years worth of payments, or $54,000 worth of payments to receive a lump sum of $30,000.. With this knowledge, you can then have other annuity buyers give you competitive offers on cashing out $30,000.

What do annuity buyers need to know before you can sell your annuity payments? They will need to know the insurance company, state in which you reside, exact dates and exact amounts of your payments,. If your annuity is from a structured settlement, they will in most cases also need to know what you need the money for. This is essential because selling a structured settlement requires a court order, and a judge to approve the transaction. How do you go about the process of selling your annuity payments?

First and foremost, most legal counsels will agree that when selling annuity payments, you should speak to a number of companies. You could start by calling companies one by one, explaining in detail your payments, insurance company, and how much money you are looking to cash out. This could potentially be very time consuming, and lead to numerous follow up phone calls. The Quote Me A Price.com platform has aggregated top annuity buyers, and allows consumers to post details of your annuity for funding firms to make cash offers directly into your QMAP account. This competitive marketplace will ensure that you do get top dollar for your annuity, and assist in streamlining the process. So, if you’re looking to sell your annuity payments the smartest option is to post your annuity on QMAP, and let annuity buyers fight for the rights to own your annuity.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

How to Get the Most Money for your Annuity Payments

Are you looking for an annuity buyer? Quote Me A Price.com has the top annuity buyers waiting for the chance to give you cash quotes. Have top buyers of annuities compete with cash offers and get the maximum cash back from your annuity sale.

How does the process work in selling an annuity? First it starts with you getting your exact payment amounts, and payment dates. Funding firms will want to know this. The insurance company that writes the annuity is also important as some companies can restrict the sale of your annuity to third party entities. An annuity buyer will want to know exactly how many payments of your annuity you want to sell. As the annuity owner, you can sell certain payments, the entire annuity, or you can even tell annuity buyers that you want to receive a certain amount of cash. Example, you can tell annuity buyers, I want to receive $50,000 cash, how many payments do you want to buy?You will then get quotes on how many payments you’ will have to sell in order to get your $50,000 cash.

Quote Me A Price.com gives you the perfect venue to make such request to annuity buyers and get multiple cash quotes. (with no obligation) Once you’’ve carefully reviewed your quotes, and come to a decision annuity buyers have for the most part the same format. You’ will need to provide a copy of your annuity policy, a copy of a release form. If your annuity is from a structured settlement, you’ will also require a court order. Most annuity buyers will take care of all cost involved in the process, and give you a net cash quote. (It’ is always a good idea to ask for a net quote, and on the QuoteMeAPrice.com platform you always do get a net quote) All in all the experience of selling an annuity to an annuity buyer can be relatively painless, provided you have the necessary paperwork in order, and are getting the fair market price for your annuity. The way to ensure the fair market price for your annuity, is to post it on Quote Me A Price.com and have top rated annuity buyers compete with cash quotes.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.


3
Aug 10

Annuity Buyers Compete

Money makes the world go around, right? Well, you need to be sure your world is spinning in the right direction and that when you make financial decisions, you are working with people that have your best interest in mind. Sometimes the sheer enormity of information out there can be baffling to the most level-headed individual. And sometimes finding the right information to get the best deal is as difficult as breaking into the pentagon. That’s where you need to trust someone else with your research, someone like the annuity buyers; Quote me a Price. With Quote Me A Price, you will receive multiple competitive cash quotes from high rated firms on your annuity or structured settlements.

If you are the type of person who is thinking ahead, you may have been put a large some of money into an annuity years ago and now you want something back from your diligent saving and foresight. Obviously you want to shop around for the best offer, but perhaps you are not sure where to find annuity buyers that will offer you the most money for your investment. Without knowing any better you may settle for much less than your annuity is worth.

Quote Me A Price gives a platform for you to receive quotes from the highest rated annuity buyers while they compete to give you the best cash deal for all or part of your annuity payments. This means that you don’t have to do the research yourself, and you can get up to four cash quotes from one source, making the whole process easier and more user-friendly for you.

Your annuity is your insurance policy. It was more than likely taken out to make sure you are safe from sudden changes in your financial status. It’s designed to keep you in the red. If you are looking to sell your annuity pay-outs in order to receive a lump sum for a special occasion, an overseas trip, or a down payment or your dream house, its important that you are not loosing out on your original investment. Annuity buyers will obviously want to bid for your annuity at a competitive rate to increase their bottom line, by letting them compete against each other for your annuity you up the stakes, and will inevitably increase your earnings.

Your annuity buyers may be a large company looking to buying your annuity in order to sell it off to an even larger firm at a later date. Or you may find a small company with lower overheads looking for investment opportunities. They will have different reasons for offering you a higher cash settlement for your annuity. You have a responsibility to yourself to make sure that you know all the options. You have the right to get the best offer from your investment. The buyers should know that you are a serious seller, and should therefore take you seriously. Quote Me A Price will take your business seriously.

If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.

Let Companies Compete to Buy your Structured Settlement!

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