This article is 6 years old. As we are in a rapidly-changing industry, the information contained in this article may no longer be relevant. Please keep this in mind while reading.

Today, in, there was an article illustrating the increasing interest in products with higher yields, such as secondary market income annuities (SMIA).

Yield-starved investors and their advisers are discovering a complex investment vehicle: annuities awarded in wrongful-death or injury lawsuits that are being sold as factored structured settlements.

The 7% yield on these products is attractive at a time when five-year certificates of deposit return around 2%, and fixed annuities yield just slightly more.

Secondary Market Income Annuities are originally issued by highly-rated insurance companies and provide some of the best yields available on the market today. SMIAs can help your clients address their long-term income, growth, and savings needs. Each SMIA is unique and is typically only available for a very limited amount of time.