Proper Due Diligence is Critical to Reduce Risk in the Purchase of a Pre-Owned Annuity Pre-owned annuities (also known as a “pre-issued” , “secondary market” or “recycled” annuities) do offer private investors higher rates of return than primary market annuities, but there is also additional risk. First, there is generally no direct contractual relationship between the investor and the underlying annuity issuer and investor’s will often be “stepping into the shoes” of either the original annuitant and/or the original purchaser of the annuity. To best insure that an investor will receive the same guarantees and protections initially offered the original […]