It’s my money and I want it now. Cash for your annuity or structured settlement.  The famous phone number.  Almost everyone is familiar with the name of JG Wentworth.

If you have a structured settlement it is important to understand more about this prominent company.  If you find yourself having financial issues which require cash sooner than expected, you should do research on their services to under how they work and what is involved.

Before you get to this stage, you may also have concerns about the claims of JG Wentworth.  Perhaps you are wondering if they can really get cash from your annuity or structured settlement.  And if they can, what type of payment is expected for such a service.

The Process

J.G. Wentworth has been in the business of purchasing annuities since 1991.  They are a prominent company in the annuity industry and many consumers hear their name first when they start considering selling annuities.

When J.G. Wentworth – and other businesses in the same industry – purchases an annuity or a structured settlement, the seller will receive a lump sum amount of cash in exchange.

It is critical that you understand the lump sum you receive will be less than if you are to wait to receive your annuity payments on their original schedule.  In order to receive the funds now it will mean a decrease in overall value received.  This is standard in the annuity purchasing business and it’s how the annuity buyers such as JG Wentworth are able to offer this service.

What is the Cost?

In order to clearly understand the fees that J.G. Wentworth charges for their services, you must first review the process of annuity purchases.  As you know, the result of this process is that sellers like you receive a lump sum in exchange for annuity or structured settlement.  But how do the annuity buys like JG Wentworth determine how much to pay for your annuity payments.

In exchange for the services of an annuity buyer, they will receive a portion of your total annuity or structured settlement and send you a lump sum payment.  Typically, this fee amounts to approximately 9 to 15 percent of the total value of the annuity or structured settlement. This may seem high, but it is the cost of the service and enables you to cover your needs now.  Life does not always work on schedule and you may have the following needs:

  • Unpaid medical bills
  • Student loan debt
  • Credit card debt

Much More than Annuities

J.G. Wentworth services extend beyond structured settlements and annuities.  The company also provides customers with a wide array of financial services.  These include pre-settlement funding, mortgage notes, lottery winnings, and advances on inheritance.