JG Wentworth purchases both full or partial future payments of structured settlements, annuities, and lottery winnings. This can sometimes be a helpful solution to individuals who need a lump sum of cash for things like a medical emergency, debt pay off, or an investment.
The Process
Here’s what to expect when working with JG Wentworth. First, you can either call or complete a basic contact form online. They will reach out to get more information about your payments in order to give you an accurate quote. If you’re selling a structured settlement from a personal injury lawsuit, you’re legally required to go through an additional step of a court hearing. A judge must approve the transaction to ensure selling your settlement is in your financial best interest. Once approved, a copy of the approval is sent to your insurance company and JG Wentworth then issues you the lump sum payment.
JG Wentworth Fees
Structured settlement and annuity buyers like JG Wentworth consider many factors when calculating the discount rate, which is the fee deducted from your annuity value before you receive the funds. Factoring companies look at things like the value of the remaining payments, the date range, current economic conditions, interest rates, court fees, and company profits.
The discount range usually falls somewhere between 9% and 18%, but it can be higher in some cases. It may seem like a lot of money, and it is. But it’s the price to pay for receiving part or all of your annuity at one time, rather than waiting several months or years to get the money little by little.
Let’s say a person has a structured settlement valued at $50,000. The factoring company quoted her a 20% discount rate. That means she will actually receive $40,000 rather than the full $50,000. So essentially, the buyer is getting a $10,000 discount for fronting the money.
Selling Options
JG Wentworth purchases both full and partial payments. Here are three options to consider before you start comparing quotes.
Full: You’ll sell all of your future payments for a large lump sum. You won’t receive any other funds in the future, which could decrease your financial security.
Partial: By selling a specific number of future payments, you get a smaller lump sum compared to selling your full payment. But after that period of sold payments has passed, you’ll resume receiving payments again.
Percentage: Another variation is to sell a portion of each remaining payment. You get a lump sum and reduced annuity payments, but you can depend on reliable income in the future.

About JG Wentworth
JG Wentworth was founded in 1991 in Chesterbrook, PA. Since then, the company has helped customers receive over $8 billion in upfront payments. Services include purchasing structured settlements, lottery winnings, annuities and debt relief services. Additionally, JG Wentworth has a BBB rating of A+.