Get the Highest Quotes on Your Annuity Payments
It is hard to turn on the television, computer or even open a newspaper without seeing an expensive ad offering to purchase your Annuity Payments. We encourage you to get quotes on your annuity payment from the companies that advertise on TV every few minutes. Compare them with the annuity payment quotes of our many accredited direct funding sources, who bid for your business. We simply aim to educate you on your rights and provide the best value possible for those who take the time to research selling their annuity payments. There is no obligation, just piece of mind.
About Us
“I have a structured settlement as the result of the wrongful death of my mother when I was a child. I’m sure at the time it was set up to meet my future needs…. But things sure have changed. I had to clear up some bills, I owed my Grand Parents some money and I needed more money for College. My attorney recommended that I contact Settlement Exchange to see what the highest direct offers would be for my future payments before I committed to anyone. The direct offers were much higher than what I had already been quoted. They were able to give me the money I need today and still leave most of my future payments.”
-Josh T. Oklahoma
‘CD Type’ Fixed Annuity
A CD type annuity or a fixed rate annuity is CD/annuity hybrid that guarantees a fixed interest rate for a specific term. It is similar to a certificate of deposit in that they both offer long term growth and a no risk investment. It differs from a CD in that it is issued by an insurance company not a bank and is not FDIC insured. However insurance companies themselves keep funds in reserve equal to the withdrawal value of your CD type annuity policy. While annuity coverage varies state to state their reserves can range from $100,000 to $300,000. Agents from insurance companies are prohibited from mentioning state guarantees or reserves for the purpose of enticing a sale.
In addition to a CD type annuity being a safe and secure investment as part of your retirement plan the additional advantage of a CD type annuity is its versatility. A CD type annuity can be rolled over to another annuity through a 1035 exchange tax free. The interest from a CD type annuity can be reinvested and withdrawals can be made from this type of annuity without penalty. After age 59 ½, a typical CD type annuity offers the possibility of withdrawing up to 10% of the initial investment annually. Other features include the ability of withdrawing interest as monthly income.
To further explore the ways in which a CD type annuity can work for your retirement plan and for an evaluation of your retirement objectives please contact us.