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Remortgage Solutions Blog 8 August 2008

8 August 2008

Selling Annuity and Insider Info from PPI Cash Needs Clarification

Posted by James Breen at 8/8/2008 4:30:00 AM

Must be an good feeling when you read my Remortgage Solutions. Selling Annuity really surprise me.

Every attempt will be made to give you an overview of every aspect.

On July 16, 2008 PPI Cash, a factoring company out of Lake Worth , Florida has published a blog called "Non- Qualified Annuities Rule" offering tips "to structured settlement annuity recipients and lottery winners,"in following up to the recent IRS Private Letter Ruling obtained by IFS. The post needs some clarification to correct some errors in fact and context. PPI Cash: In a nutshell (which is hard to do with cases of these types) the non-qualified annuity can be used in a taxable damage .. click here.

The hobby is starting to work. I know I want it, but by now, I am beginning to feel like a dog that has caught a bus: I have no idea what to do with it. This is something cling to me for dear life. Read the rest of this entry ยป

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The person entitled to receive an annuity. Annuity A series of payments made periodically for a specific period of time. The payment amounts can be variable or fixed. Many insurance companies sell a wide variety of annuity contracts with payments that begin immediately upon purchase of the contract or are deferred until some time in the future. Some annuity contracts waive their surrender charges (early withdrawal penalties) in the event of a lengthy hospital stay, nursing home confinement, or terminal illness.