• Secondary Annuities

  • What is an In‑Force™ Fixed Term Annuity?

    When you purchase an In‑Force™ Fixed Term Annuity, you, the Buyer, receive the rights to fixed annuity payments in exchange for a lump sum payment to an individual who is the original Existing Annuitant. By purchasing an individual's right to receive payments, you receive high
    yield returns while the Existing Annuitant enjoys the benefits of having cash now.

    What are the benefits of purchasing an In‑Force™ Fixed Term Annuity?

    In‑Force™ Fixed Term Annuities can provide above average returns for the fixed income portion of a balanced portfolio. Since they provide you a payment stream over a fixed period of time at a fixed rate of return, this purchase is generally considered to be a good vehicle for conservative savings. Insurance companies invest the funds primarily in government securities and high-grade corporate bonds which provide fixed interest rates. Bulbrook/Drislane only offers In‑Force™ Fixed Term Annuities from insurance companies with among the highest Standard & Poor's credit ratings, making In‑Force™ Fixed Term Annuities one of the safer forms of fixed term purchases available today.

    Where do these annuities originate?

    Individuals involved in legal claims for personal injury often accept a structured settlement in which they receive regular, fixed payments over several years and/or lump sums at stipulated times from an annuity. Lottery prizewinners and other individuals may also have the right to receive regular, fixed payments over a period of time. As circumstances change, these individuals, called Existing Annuitants, sometimes need
    to convert a portion of their fixed income into cash now to meet personal needs or settle an estate. They decide to assign their rights to their future annuity payments at a discount to Bulbrook/Drislane. 

    Bulbrook/Drislane, in turn, offers the payment rights to these annuities, called In-Force™ Fixed Term Annuities, to Buyers like you. Typically, the In‑Force™ Fixed Term Annuity payments are made regardless of whether or not
    the Existing Annuitant or the Buyer is alive, meaning these payments are not contingent on any individual's life.

    In circumstances where life contingent payments are being offered, and unless otherwise indicated, there shall be in place a prepaid life insurance policy that will pay to Buyer the future value of the annuity payments discounted at not more than 5.5% per year, less whatever if any elimination period, upon the death of the original annuitant provided the original annuitant dies before the end of the annuity term.