As the substituted obligor for the Buyer, the Assignment Company becomes the owner of
the Treasury Obligations and responsible for the designated schedule of installment payments.
By doing so, the Buyer is relieved of the financial burden and the Seller has financial
security independent of the Buyer. The Assignment Company is a third party company
whose sole purpose is to accept the ownership of structured annuity contracts. It does not
engage in any other risk.
The required funds are WIRED directly to the designated Assignment Company. Security of the funds and the avoidance of any constructive receipt by the Seller is imperative. The closing agent or Escrow Company arranges for the wire transfer to be made at the time of closing. Once the Assignment Company records and processes the transaction, usually within about three business days, it then wires the funds to the assignment company for the purchase of the Treasury Obligations that will fund the assigned income payments.