Do you think there is a good opporunity here?

Apr 19, 2007

  1. Guest
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    http://www.jgwannuities.com/

    I have a contrarian streak in not following the herd.

    Every agent and their dog are selling annuities. I wonder if there might be a good opportunity in buying annunities. Anyone have a practice doing this or know someone?

    Thanks,
    Al
     
    Guest, Apr 19, 2007
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  2. Crabcake Johnny
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  3. senior-advisor-indiana
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    I have heard the market to look for is the people who bought Allianz annuities because they can't get out a lump sum, the only way to get the money out is over a 5 yr period. I'm not sure if the buy out is good though, I'm sure they take a pretty big chunk of change.
     
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    its J G Wentworth right?
     
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    Guest, Apr 19, 2007
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  8. Sam
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    They also buy out lotto payments, and structured settlements. They must be making a ton of money on this, because they pay up to $40 per click on google.

    From what I know, it is extremely hard to find qualified prospects. Consider this:
    Finding people to buy Annuities is very difficult. Lets say it is 5% of the population. Imagine how difficult it is to find the 5% of those people, who are looking to sell their annuity?

    I think that the only people who can really make money with this, are those who actually sell annuities, and have a very large base of potential sellers.
     
    Sam, Apr 19, 2007
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  9. James
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    Most lawsuits are paid out with a structure (Annuity) are they not?
     
    James, Apr 20, 2007
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  10. Sam
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    Not really. It is usually done in a personal injury case, as the funs are not taxable, and it makes sense to allow them to grow on a tax FREE basis. Without the favorable tax treatment, most settlements are paid in a lump sum.
     
    Sam, Apr 20, 2007
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