| An annuity has a stream of income or payments from an insurance policy, which can be sold to a funding source in its entirety, or just for a specific term or number of payments under the annuity. The fact that you can sell annuity payments allows you, as the owner or beneficiary, to gain immediately access to the entire or a portion of annuity's stream of payments or cash value rather than waiting for it over a series of years.
It also allows you to do as you see fit without the restraint that is experienced under the normal terms of an annuity.
When you sell annuity payments the funding source purchases the payments at a discount in order to provide a satisfactory return to the funding source. The entire procedure can be funded within a matter of days once the due diligence has been satisfied and all filings are completed.
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