by Structured Settlement Watchdog
Annuity 101 from AnnuityExpertAdvice.com features this Secondary Market Annuity Roadkill
"You might have seen commercials during daytime or late-night television describing selling your annuity for cash. These are called secondary market annuities. Secondary Market Annuities is when a 3rd party company gives a settlement owner a lump sum of money for the structured settlement payment. Basically, you sell your settlement payments at a heavy discount via a settlement transfer in exchange for a lump sum of cash. This transfer is called a Structural Settlement Factoring Transaction".
In the immortal words of Roseanne Rosannadanna, "it's always something. If it's not one thing it's another". So, if you rely on AnnuityExpertAdvice.com for advice on secondary market "annuity", what are you left with?
You could be duped by AnnuityExpertAdvice.com into thinking it is a lump sum for annuity, a structured settlement factoring transaction, all of the above, or none of the above. But wait, if it WAS an annuity and you sold it for cash, then logically you wouldn't still have an annuity because you sold it right?
One thing's for sure. It's not an annuity and it's not a lump sum for annuity.
