A Secondary Market Annuity is a pre-existing annuity that you buy from its current owner at a significant discount. <br />The payments are then legally assigned to you. <br />Many investors like secondary market annuities because they guarantee you a payment stream over a fixed period of time at a fixed rate of return. Available are fixed, compounded effective yields as high as 7 percent on longer-term offerings, and five percent plus on shorter ones, well above standard fixed annuities, CDs, or bonds of a similar credit quality. <br />The payments are safe, reliable, and can be passed on to your heirs. <br />Some things to consider with secondary market annuities. They are NOT liquid investment and may not keep up with inflation. <br />All secondary market annuity offerings should be reviewed by an independent attorney well versed in these products. <br />For more detailed information about secondary market annuities, go to http://HighestYieldAnnuities.com