How They Work
What Are Secondary Market Annuities?
Secondary market annuities may also be referred to as “pre-owned annuities” or “in-force annuities”.
Higher Yields Through Discount Purchases
Often, individuals are awarded annuities as a result of a lawsuit or winning a state lottery. Instead of a large one-time payment, they received a series of payments over time
Are Secondary Market Annuities Safe?
What is Factoring?
- The seller
- The debtors
- The factor
The sale of receivables transfers ownership of the receivables to the factor, which means the factor obtains all the rights and risks associated with them. Accordingly, the factor obtains the right to receive the payments made by the debtor for the invoice amount and must bear the loss if the debtor does not pay the invoice amount. The factor’s profit is the difference between the price it paid for the invoice and the money received from the debtor, less the amount lost due to non-payment.
Factoring is used by businesses and individuals to sell accounts receivable (invoices) to third parties (called factors) at a discount – in exchange for an immediate lump sum payment with which to finance continued business. It is not a loan, it is the purchase of a financial asset (the receivable). Factoring involves three parties:
What are the types of Secondary Market Annuities?
- Factored Structured Settlements (FSS)
- Lottery Winnings
- Annuity Income Streams
- Life Settlements
- Viatical Settlements
What Our Clients Say:
“Somerset you are the BEST! I went from earning 1.5% to 2% on CDs to 6% and 6.50% with New York Life and Metlife SMAs!"
- Maryanne M., Illinois
“I was about to give up hope of ever being able to achieve a decent rate on the fixed portion my portfolio, until I discovered Secondary Market Annuities and Somerset. After doing thorough research, I decided to go through Somerset because of their process, knowledge, professionalism and the fact that they require outside attorneys to review every transaction at no additional charge to me.”
- Ed M. Maryland