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Can an Immediate Annuity Annuitant Sell the Annuity?

April 26, 2017annuitant Annuity immediate sell

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Can an Immediate Annuity Annuitant Sell the Annuity?

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Immediate annuities are irrevocable insurance contracts that provide the annuitant with monthly income. In some circumstances, annuitants can sell these contracts or some of the remaining payments to other investors on the secondary investment market. These sales are not permissible in all states and even in states where these sales are legal, other restrictions exist.