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how to sell an annuity over the phone

Don’t want that annuity anymore? You can sell it

Stuck with an annuity you don’t want or need anymore? Now you can cash it in and put the money to whatever use you want. A secondary market for annuities is steadily growing, letting investors sell their policies, sometimes for more than their insurer would give them.

The secondary market has actually been in place for the past 15 years, but Vaughan says individual seller interest has picked up during the past two. “People are realizing this market gives them an opportunity for more control over their annuities.”

How to sell an annuity By our estimates, there are between $50 billion and $100 billion of annuities that could be sold into the secondary market annually,” says Michael Vaughan, a managing director at J.G. Wentworth, a firm that specializes in buying and selling on the annuities market. It offers services in 47 states through banks, annuity broker-dealers and independent insurance agents.

How to sell an annuity