Tips for Avoiding Unethical Annuity Buyers

23 May 2018 16:28
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If you are the owner of an annuity that you either purchased as an investment, won in a lottery, or inherited from a family member, there may be a time when you decide that it actually makes more sense for you to sell your annuity instead. You may need to sell your annuity to pay a bill, put down a payment on a home, or try out a new investment opportunity. If this is the case for you, you will find that there are many different buyers out there who will want to offer you money for your annuity.

However, finding the best annuity buyers takes more than just going online and choosing the first annuity buyer you see in the search results. In order to find the best annuity buyers, you will have to do a little research and find those that have a stellar reputation and reviews for purchasing annuities for top dollar. In addition to that, you will also need to have a better understanding of what an unethical annuity buyer looks like.

In the secondary market, there are many ethical buyers that will do everything possible to provide the best offer for an annuity. These annuity buyers will have a good rating with the Better Business Bureau, will be fully-licensed and certified, and will be transparent about the entire process. These are the annuity buyers you should be looking for as you aim to sell your annuity.

However, some annuity buyers will be not be as up-front about their business. They may not be able to provide you with certification or licensing; nor will they be able to provide you with a timeline on when you will get your money. They may not have a physical address, and you find it's nearly impossible to reach them on the phone. These are the annuity buyers you sould avoid at all costs as you're at risk of being deceived.

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