With a higher interest rate, it's that much more important for sellers to identify a buyer who will get them the largest possible amount for their payments. Clients should not take the first offer they see in a high interest rate market.
Boynton Beach, FL (PRWEB) October 06, 2014
The experts at Sell My Annuity, LLC have noted that interest rates in the structured settlement and annuity market are on the rise, and they wish to provide prospective clients with a few basic tips about how to make sure they're getting the most out of their structured settlement annuity.
As far as interest rates on structured settlements go, the general rule is that a higher interest rate will result in a lower overall amount for the person looking to sell their structured settlement annuity. Interest rates aren't something that the seller can control; rather, certain environments tend to be more conducive to high interest rates, and the overall market has a tendency to change over time as well. In a high interest environment, buyers (i.e., the companies offering to buy annuities) will not offer as much money for an annuity.
The experts at Sell My Annuity note that a high interest environment can severely limit how much an individual will benefit from selling an annuity, because a higher interest rate causes the cost of capital to go up. It can become much harder to find a buyer who will pay the maximum amount of money for an annuity in this environment, causing individuals to sell their annuities for much less than what they're worth today.
In these cases, the experts at Sell My Annuity note that the best thing for an individual seller to do is to make sure that they're only doing business with a company that offers complete transparency throughout the entire transaction and work with a company that values the annuity at the lowest possible discount rate.
Todd Albert, CTO for Sell My Annuity, says that, "With a higher interest rate, it's that much more important for sellers to identify a buyer who will get them the largest possible amount for their payments. Clients should not take the first offer they see in a high interest rate market."
About Sell My Annuity, LLC
Sell My Annuity, LLC is an expert in helping clients navigate their decisions regarding annuities by providing them information regarding many aspects of structured settlement transactions. For more information, please visit sellmyannuity.net