(PRWEB UK) 24 February 2013
SecondMarketAnnuities.net have launched a comprehensive inventory of second market annuities, bringing clarity and simplicity to a complex market. Continuing insecurity and fluctuations in financial markets have made them an increasingly popular choice among those planning retirement options with a guaranteed income stream with higher yields at lower prices.
Also known as Factored Structured Settlements, their extensive daily updated list includes major annuity provides including AXA Equitable, MetLife, Pacific Life, Prudential, Sun Life Financial and the Jackson National Life Insurance Company. SecondaryMarketAnnuities.net hope this list will help clients to easily compare the market and shop around for the best deals tailored to their needs. Membership to the website is free, all that is required is an email address.
This new free service allows those comparing the market to view essential information such as the provider, the price of the annuity, rate of interest, the total pay out and its duration. Additionally their inventory is divided into the different types of payments that clients can expect.
According to SecondaryMarketAnnuity.net, immediate income annuities tend to be the more popular option due to their guaranteed monthly income, usually over a period of 16-17 to years for retirees. However other options exist including immediate incomes with a lump sum, deferred incomes or long-term lump sums. However annuity options exist for those still a long way from retirement such as deferred lump sums often payable after 15-17 years.
They are able to offer sensible advice and tell clients to do their homework before investing large sums of money. According to their guidelines, clients need to know their specific guaranteed income target, know when it starts, have a clear idea of how much income they need each month, understand how long the annuity lasts and calculate future costs to figure out whether a future lump sum is required for large purchases such as real estate or college tuition. Therefore immediate income deals are impractical for those 15 years away from retirement. Likewise deferred lump sums make little sense for retirees in need of instant monthly incomes.
Once clients become members of the website, they are able to input their specific needs into a strategy session form in order to help both parties understand what the best option may be. In order to take advantage of a second market annuity simply go to http://www.secondarymarketannuities.net for further information.