Re: Discount for purchasing annuities - Posted by Ron Ohara
Posted by Ron Ohara on October 27, 2000 at 03:28:39:
Each company who purchases Insurance Annuities, each have their own set yield. Based upon the ratings of the Insurance Company and what type of payments are made (monthly; annually, lump sum payments) will determine what is set forth on the purchase. Also beware, if this is the only source of income for the annuitant, most comapanies will not purchase the payments or if the payments are high enough, may do a “split” payment with the annuitant (1/2 of the monthly payment). Credit does play in the purchase and pricing along with any type of alimony or child support the annuitant may have or required to pay). I have used quite a few in the past in which I have noticied that the yield always did not come out the same even though all the particulars may have been.
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