Friday, April 11, 2008

Annuity Sale

What is an annuity sale?

An annuity sale is a legal and binding transaction that incorporates two parties. The first party transfers the rights of the annuity payments unto the second party in exchange for a pre-specified sum of money that is payed upon the transfer. This provides the first party with a lump sum of money and the second party with all of the forthcoming annuity payments.

Why would you want to take part in an annuity sale?

There are many reasons why individuals would want to sell their annuities – financial, circumstantial and even physical reasons are common. The person on the receiving end of these payments has little or no motivation for this sale aside from the potential for long term returns from the pre-arranged conditions of sale dependent on both parties.

Selling your annuity

Patriot Settlement is an institution that is committed to providing newly disadvantaged individuals the opportunity to sell their annuities in exchange for a cash lump sum, whether you have inherited your annuity or have even been awarded it in a personal injury case.

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