All About Annuities: The Different Types of Annuities

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Of all the different types of Annuities, the most commonly recognized is the Structured Settlement. While most are aware that companies like Rising Capital Associates can help you exchange your structured settlement payments for a lump sum of cash – you may not be aware that we can also work with various other types of annuities. 

If you find yourself in the position where you’re considering selling your annuity, it’s important to understand what type of annuity you have, because it can be an important factor in determining how much you can receive for your payments. 

At Rising Capital, we work with five main types of Annuities: 

Immediate Annuities – An annuity in which the annuity payout period begins immediately or within one year of the annuity purchase date.

Deferred Annuities – Deferred Annuity Payments begin at some future date.

Fixed Annuities – When you purchase a fixed annuity, the insurance company invests your funds and provides you with a specific guaranteed return (i.e. you can select a lump sum or periodic payments).

Variable Annuities – When you purchase a variable annuity, you generally get to decide how the money is invested, by choosing from a pre-selected list of funds. Accordingly, the returns will vary depending on the performance of the chosen investments.

Structured Settlement Annuities – Structured Settlement Annuities are purchased when a claimant agrees to resolve a lawsuit by receiving all or part of a settlement in the form of periodic payments on a pre-determined schedule, rather than as a lump sum. Once a structured settlement annuity is purchased, the insurance company that issues it is contractually bound to adhere to the original payment schedule.

Ready to sell your annuity? 

If you have one of the above-described annuities or you’re unsure of what type of annuity you have, you can reach out to one of our Account Executives by giving us a call at (866) – 444 – 5061 to discuss your unique situation and how we can help you get access to the cash you need.

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