Annuities are intended to offer a steady income stream for the owner immediately or in the future. If you invest in them, you collect annual or monthly payments that usually last for the rest of your life.

Many times in the past, however, rates were too low to justify the long term commitment.  Annuity Straight Talk used secondary annuity contracts to increase rates for retirees.  It worked well for many but it's no longer a market that Bryan recommends.  Listen to this episode to learn more and find out why.

What You'll Learn From This Episode:

[1:33] Secondary market annuities 

[4:55] The bottom line is that we could deliver rates to consumers well above the available rates.

[5:12] You buy the primary directly from the insurance company. You buy the secondary from another person in a different market.

[7:04] As the market became more competitive, the margin became stronger.

[7:56] When the margin shrinks but rates are lower, it's hard to find the right match because you're spending more money on something that's not a perfect fit.

[10:35] The rates aren't any better than the primary market now.

[12:44] In many cases, several buyers would split pieces of a more significant deal.

[15:22] Why Bryan doesn't sell structured settlements 

Key Quotes:

[2:16] "It was harder and harder to find good deals for retirement in the annuity market."

[9:59] "I kept pushing into going back to mainstream products."

[16:19] "The bottom line is that I am on your side, and I want to find things that work for you.

Resources:

Annuity Newsletter

Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com