A Secondary Market Annuity is a pre-existing annuity that you buy from its current owner at a significant discount.
The payments are then legally assigned to you.
Many investors like secondary market annuities because they guarantee you a payment stream over a fixed period of time at a fixed rate of return. Available are fixed, compounded effective yields as high as 7 percent on longer-term offerings, and five percent plus on shorter ones, well above standard fixed annuities, CDs, or bonds of a similar credit quality.
The payments are safe, reliable, and can be passed on to your heirs.
Some things to consider with secondary market annuities. They are NOT liquid investment and may not keep up with inflation.
All secondary market annuity offerings should be reviewed by an independent attorney well versed in these products.
For more detailed information about secondary market annuities, go to http://HighestYieldAnnuities.com