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Archive for June, 2014

03
Jun

Buying Annuities Why You Need One

Written by admin. Posted in Cash structured settlement, Sell my structured settlement, Sell my structured settlement payments

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Owners demonstrate a certain loyalty and commitment to their purchased annuities, with 93% reporting that they still own their first annuity. But what are annuities? Annuities are a financial product that financial companies sell; their purpose is to collect and grow the funds an individual gives. After the individual has paid towards their annuity for a number of years (the longer the wait, the better), a pay out time period begins. This payout period streams money back into the individual’s pocket.

People typically buy annuities to help manage their income in retire