The recent economic downturn has put a lot of people in dire situations. For people with annuities or structured settlements that find themselves in a financial squeeze, the notion of selling off their future monies in exchange for a more immediate lump sum of cash can be quite tempting. After all, that lump sum can provide them help in several ways, including:
- Paying off credit card debt
- Paying off student loan debt
- Paying off medical bills stemming from an unexpected ailment
For these people, a large company like J.G. Wentworth can be something that is relevant to their interests. Yet even if they know what the company does, they may not have an idea of how does J.G. Wentworth work in order to accomplish it.
How the Process Works
When J.G. Wentworth – and business that are in their industry – purchases an annuity or a structured settlement, you will receive a lump sum amount of cash in exchange. In the grand scheme of things, however, this lump sum amount is less money than if you were to receive your annuity or structured settlement under the terms and conditions of the payout. What this means is, you trade some of your money in exchange for immediacy. While some people may think that this process has all the earmarks of a scam, it’s the standard way in which this kind of transaction works.
However, what sets J.G. Wentworth apart from its competitors is its ability to keep this process streamlined. At its heart, the process is a simple manner of getting in touch with the company and signing the appropriate paperwork. There may be a few additional steps to concern yourself with depending on the type of annuity you have and what state you live in; that said, J.G. Wentworth does a good job at providing you the information you need in order to figure out and plan for those unique delays.
A Wealth of Information
Another one of J.G.Wentworth’s strengths is its ability to keep its customers informed regarding the ins and outs of the process. The company’s website is chock full of information that can provide you with the information you would need in order to keep you informed about the entire process. First off, the site has a quote request form that you can fill out and get an idea on how much your lump sum stands to be. Additionally, the website contains a pretty comprehensive glossary of common terms that you may encounter throughout the annuity purchase process, as well as an impressive FAQ section covers all the basics about annuities and structured settlements.
And if you still have lingering questions about the process, J.G. Wentworth’s customer care team is more than capable of providing you with assistance. Various review sites consistently give the company’s support staff high marks on its knowledge and friendliness.
Experience in More Ways than One
It should also be noted that J.G. Wentworth’s services extend beyond the realm of structured settlements and annuities. The company also can work with you and your needs regarding pre-settlement funding, mortgage notes, lottery winnings, inheritance advances, and more.
And you should not worry about J.G. Wentworth being some sort of up and coming company. They have been in the annuity purchasing business for over twenty years, and they enjoy a solid standing with the Better Business Bureau (BBB).
If you would like to find out more about the various types of services J.G. Wentworth has to offer, you can give them a call at 800-741-9545. Their corporate offices can be found at 201 King of Prussia Road, Radnor, PA 19087.
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