How To Sell Annuities

Like any investment decision the decision to sell your annuity should be made after careful consideration of your situation and consultation with your financial advisors to avoid any financial mistakes.

How to sell annuities. Selling your annuity or structured settlement can seem complicated or confusing but it doesn t have to be. Insurance companies issue annuities and if you put 100 000 into an annuity you will see 100 000 on your statement and 100 000 will go to work for you. For an agent to sell fixed annuities they only need a life insurance license issued by their state of residence fixed annuities are primarily represented by five different products. After years of selling life and health insurance mike volner of volner financial group switched his focus to fixed and fixed indexed annuities and has had four straight years of 20 million plus.

You need to complete the product training provided by each company you contract with. You will need e o insurance. In order to sell annuity you do need to check a couple items off your to do list. An annuity transfer occurs by irrevocably changing the owner and payee on the annuity to the purchaser.

Annuity agent commissions are built into the policy. Annuity commissions are going to vary based on the product type so it s hard to actually pinpoint exactly how much you can make selling annuities unless we know exactly what you re selling. However if you find yourself in financial trouble you may consider selling your annuity. If you have an annuity that can be purchased it is a simple process and very different from a structured settlement transfer.

Single premium immediate annuities spias longevity annuities also called deferred income annuities or dias fixed rate annuities also called multi year guarantee annuities or mygas qualified longevity. First and foremost selling your annuity does not guarantee a full payout equal to the initial value of the contract. It is recommended that you seek the advice of a financial expert or lawyer to help guide you through the process and to help you determine if selling is in your best interest both in the short term as well as in the future. How can you sell an annuity.

Selling your annuity payment does have tax implications. Training and e o insurance for annuity sales. Annuities can be a great source of regular reliable income during your retirement years. In exchange for quick turnaround on cash annuity buyers will charge a fee and sell your annuity at a discounted rate for profit.

With life insurance and annuity products the commission paid to the selling agent is typically built into the policy. Below is a basic run down of some of the common annuity commission levels based on some of the most common annuity products.