After you’ve done your research, you can buy structured settlement investments or Secondary Market Annuities here.
Frequently Asked Questions – How do Secondary Market Annuities Work?
What are Secondary Market Annuities?
Secondary Market Annuities also known as Structured Settlement Investments, are fixed payment streams that are transferred from preexisting fixed annuities and paid by top rated US Insurance Carriers. They are purchased at substantial discounts from selling annuitants looking to achieve cash up front.
The source of Secondary Market Annuities or Structured Settlement Investments are court awarded streams of payments, paid by an Insurance Carrier, to a plaintiff who won a personal injury, wrongful death, or workers compensation lawsuit. The original plaintiff then sells these scheduled payments for a lump sum to a purchaser. By court order, the payments are reassigned to a new purchaser.
Typical payors are MetLife, Prudential, NY Life, John Hancock, Transamerica, and a host of other major insurance carriers as well as many Fortune 500 companies.
What are the Income Tax Considerations For Me as a Buyer?
Altium Group, LLC expresses no opinion on buyers’ tax obligations and recommends that you consult your tax advisor accordingly.
In addition, Altium does not provide any legal, accounting, financial or other advice or guidance of any kind to the buyer of a structured settlement investment or secondary market annuity, and does not give any opinion on the creditworthiness of any Insurance Carrier or obligor of the structured settlement investment or secondary market annuity payment.
Still have questions? Call us to see how Secondary Market Annuities work.