I recently bought a site for selling pensions, targeted towards retiree's and others who are receiving pensions but need cash.

Similar to a structured settlement, a pension pays out a sum to a retiree, usually monthly. The amount payed out is usually a function the salary the retired person was receiving.

The payout is guaranteed, and often adjusts for 'COLA' or "cost of living adjustments".

Why would someone want to sell their pension? There are...