Information on Selling an Annuity
In most states, an exam must be passed in order for a person to sell an annuity as a licensed agent. Find out what companies are interested in selling annuities for cash with help from a licensed insurance agent in this free video on retirement planning and personal finance.
Promoted By Zergnet
Hi, my name is Bill Rae. I'm a licensed agent, and I've been in the financial field for well over two decades. The question is, 'How Do We Sell an Annuity?' Hum, depends. Are we talking about you selling an annuity as a licensed agent? Well if that's the case, every state is a little different, but you're going to have to do some checking. Find out, do I need to take the course? And in most states you're going to have to pass at least, an exam. And then, you can go ahead and contract yourself with many of the companies, such as I do. If you're talking about you have an annuity, and you're looking to sell it 'cause you need the cash, well there are several companies on the market today that are interesting in just doing that. Many of them will offer you a lump sum. Others will give you a stream, depending upon where your annuity is. Are you already annuitized, which means you're already receiving payments? Or, is it still in a lump sum, but it'll cost you to get it out? Those questions you can answer talking to the companies that will buy those contracts, 'cause after all, that's all an annuity really is, a contract between you and the company that has your money. My name is Bill Rae, and I'm helping you build wealth.