Buying structured settlements annuities from a direct annuitant has many-fold benefits and you can gain a lot out of it if you truly follow the process in a copybook style. A direct annuitant is someone who wants to sell some or all of his future periodic payments in a lump sum. This is sold at discount in exchange of the lump sum payment. The purchaser on the other end gets this discounted settlement. Such a form of settlement is not only beneficial for the seller but for the purchaser as well. In other words, both can gain immensely out of it.
Why you need to buy structured settlements annuities from an annuitant?
The most fundamental question which comes to your mind is why you are opting to buy your settlement from an annuitant when you have various ways and means to do that through other sources. The main reason is the amount of profit which you make when you choose to buy it directly from an annuitant. It’s huge. It is in fact more than two to three times of other agencies. You can easily purchase these settlements from an insurance company but that will not give you the astronomical yield which you have been dreaming for ages. There is also a number of tax benefits involved in such a deal. You can go through all of them on the web to have a complete understanding about all the benefits which are in store for you.
Benefits for purchasing these settlements from an annuitant
Although it is extremely difficult to explain all the benefits of such a purchase since there are many, however some of the most useful benefits have been put together so that you know exactly why this kind of a purchase will work best for you.
· Higher yields when compared to purchasing from any financial agency or an insurance company.
· You get yourself entitled for a fixed income over a specific period of time. This will always give you the right kind of financial security which you wish for.
· You would be having a firm grip over the investment process and would be completely aware about the fluctuations in the market.
· It’s only the purchaser and the seller who are involved in the process. There isn’t a broker involved which is extremely beneficial for both the parties since it would not incur extra costs.
Things to keep in mind while purchasing from an annuitant
there are some important things to consider prior to purchasing structured settlements from an annuitant. You should always remember that these kinds of deals involve a lot of your hard-earned money; hence a thorough analysis and research should be carried out from your end prior to resorting to such a deal. The factors to consider are as follows:
Always make sure that there is a court order associated with such a settlement and that the broker is not involved anywhere in the entire process.
The annuities should be having a guarantee of state insurance funds and they should be customized in such a manner that they completely protect the holders of annuities from losses.
Prior to purchasing the structured settlement, you should thoroughly review the payments rights and figure out if it is worthwhile to purchase the settlement from the respective annuitant. This check is of paramount importance.
You should always remember that structured settlements cannot be resold again and again. It can only be sold once. Therefore, it doesn’t have a resale value attached it. You should be mentally prepared to hold your settlements for longer periods of time.
Go for the best deals
Never be in a hurry in purchasing structured settlements since it might cost you dearly in the long run. Explore all the options which you have up your sleeve and if needed take the help of your friend who had some past experiences under his/her belt. Negotiate with the sellers intelligently so that you that you can get the best deals you could possibly imagine.
Structured settlements these days are certainly an effective way to earn a lot of money over a period of time. Purchasing annuities from a direct annuitant will certainly pay you rich dividend as compared to purchasing it from an insurance company. The concept of broker gets completely nullified which in turn adds in earning a greater amount of money. This form of buying and selling is extremely popular across United States and people are being immensely benefitted from it. The above mentioned steps will certainly help you in figuring out how to choose an effective seller in order to have the maximum profit.