Annuity buyout programs

Reply #3

CASH Only — Mon, 29 Sep 2003 11:09:42 GMT

bnylons:You should always choose CASH/Lump Sum (whether you have to choose when you play, or if you don't have to choose unless you win, depending on the state/game.)This way, you don't lose money upon selling the annuity. If annuity looks good on paper, you should still choose CASH, then take part of the lump sum to buy an annuity.

Reply #2

Bug — Sun, 28 Sep 2003 12:32:32 GMT

I met someone years ago who had a business that bought the annuities of lottery winners. Apparently after x amount of years the average winner is close to bankruptcy and willing to sell the annuity to obtain the cash at a loss on the dollar. I think this person did quite well with it.

Reply #1

hypersoniq — Sun, 28 Sep 2003 12:24:37 GMT

for who, just do a search using cash for structured settlements as keywords.for how much... it's the same as if you choose cash vs. annuity at the time of winning. you get today's value minus a processing fee... for a simple example, say you had 100,000,000 annuity ,you would probably get somewhere around 45,000,000.if your lottery gives you the option, take the cash and skip the middleman. Unless you feel you can't trust yourself with that much money and you are young enough... then the ann... [ More ]

Annuity buyout programs

Pleschuk — Sun, 28 Sep 2003 12:07:05 GMT

Hi all,Does anyone have any information about companies that will buy out an annuity, like who they are and how much it costs to have it done?Thank you