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Who buys annuities?

When a third party buys an annuity or structured settlement from an annuitant or the beneficiary of that annuitant, it is called factoring. Here is a concise list of some of the best known factoring companies.

Annuity Transfers

Annuity Transfers Ltd. was established in 2003 and is a member of the National Association of Settlement Purchasers. Their website states that they do not employ a commission salesforce. 

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CBC Settlement Funding

CBC Settlement Funding is one of our partners and was established in 2009 to aid people looking for financial freedom. They purchase both annuities and structured settlements, but they also offer pre-settlement funding. They have completed thousands of annuity purchases. Their website states that as a direct funder, they can have a payout to an annuitant or beneficiary within 72 hours after a transaction has been approved. CBC funding is a member of the National Association of Settlement Purchasers or NASP.

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DRB Capital

DRB Capital purchases structured settlements, annuity payments, investment annuities and life-contingent structured settlements. They also specialize in pre-settlement advances or pre-settlement loans. DRB Funding is a member of the National Association of Settlement Purchasers.

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Fairfield Funding

Like CBC Settlement Funding, Fairfield Funding’s website states that they are a ‘direct purchaser’ of structured settlements and annuity payments. Fairfield Funding is a member of the National Association of Settlement Purchasers.

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J.G. Wentworth

JG Wentworth specializes in purchasing both structured settlements or annuity payments for a lump sum. They have been in business for over 25 years, and is also a member of the National Association of Settlement Purchasers.

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Novation Capital

Novation Capital is a factoring firm in West Palm Beach Florida that has been in business since 2000. Their website states that they “have purchased over $1.5 billion in structured settlements, annuities, lottery receivables and other similar cash-flows.” Novation Capital is also a member of the National Association of Settlement Purchasers.

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Peachtree financial

Peachtree financial was founded in 1996. They purchase structured settlements, annuities, lottery winnings and more. Their website states that they have "over 19,000 cases currently pending settlement or where funds have yet to be distributed." Peachtree Financial is also a member of the National Association of Settlement Purchasers.

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Seneca One

Seneca One has been in business for 17 years. They purchase structured settlement annuities and offer loans against other types of annuities as well as prize payment annuities, like lottery winnings. They do not charge a transfer fee.

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Stone Street Capital

Stone Street Capital has been around for 30 years. They purchase structured settlements, annuities and lottery winnings. Stone Street Capital is also a member of the National Association of Settlement Purchasers.

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