J.G. Wentworth
What is the first thing you want prospective agents to know about your organization?
J.G. Wentworth is a leader and a pioneer. Agents who partner with us to educate consumers about the secondary market for annuities and promote the financial flexibility that is available through the J.G. Wentworth Annuity Purchase Program™ will be rewarded with a new revenue opportunity that previously did not exist, not to mention the marketing support and customer service that is unmatched anywhere in the insurance industry.
Who is J.G. Wentworth?
J.G. Wentworth is a specialty finance company. Over the past 15 years, J.G. Wentworth has purchased more than $2 billion in annuities and other deferred payment streams. Initially, our firm focused on purchasing annuities backing structured settlements. However, J.G. Wentworth has expanded its presence in the annuity market by purchasing annuities directly from individuals or through their agents and brokers.
Market Innovator - Established secondary market for annuities
Market Leader - 60%+ market share
Financial Power – Eight straight years of securitizations with top rating; AAA by Standard & Poor's, Aaa by Moody's
How long have you been in business?
For more than 15 years, J.G. Wentworth has created financial flexibility for individuals by offering them the opportunity to sell their annuities, as well as other deferred payment streams, in the secondary market. The company's annuity backed notes, which are rated AAA by Standard & Poor's and Aaa by Moody's, are marketed by top tier Wall Street firms to sophisticated and well respected institutional investors around the globe. Through the Annuity Purchase Program, J.G. Wentworth has built a sophisticated platform that can support the most demanding brokers and agents in the exciting new market of providing liquidity for annuities.
Why should I work with J.G. Wentworth?
Experience: 15+ years experience purchasing more than $2 billion of future payments from over 50,000 customers.
Efficiency: Our state of the art technology, sales and marketing techniques, underwriting and financial markets skills combine to deliver our customers more cash and faster transaction times.
Excellence: We hire the best people to work at J.G. Wentworth, bar none. Our people strive for excellence in everything they do.
Commitment: We are committed to providing the best service experience. We work closely with customers to understand their needs and customize unique solutions that solve unique problems.
What financial services does J.G. Wentworth offer?
J.G. Wentworth specializes in purchasing all types of deferred payment streams. Our Annuity Purchase Program focuses on purchasing annuities, but we are also able to assist your clients who have other payment streams such as structured settlements.
What separates you from the competition?
With the Annuity Purchase Program, J.G. Wentworth is pioneering the secondary market for annuities just as we pioneered and lead the secondary market for structured settlements. The company's annuity backed notes, which are rated AAA by Standard & Poor's and Aaa by Moody's, are marketed by top tier Wall Street firms to sophisticated and well respected institutional investors around the globe. Through the Annuity Purchase Program, J.G. Wentworth has built a sophisticated platform that can support the most demanding brokers and agents in the exciting new market of providing liquidity for annuities.
What is the #1 benefit of working with your company?
The Annuity Purchase Program provides you with a new revenue opportunity while also giving you the ability to increase your client retention, improve your prospecting effort, and give your annuity-holding clients the most value and financial flexibility for their annuity assets.
What products and services does your company specialize in?
J.G. Wentworth specializes in providing individuals with financial flexibility and the ability to gain liquidity from future payment obligations.
Annuity Purchase Program
What kind of annuities qualify for the program?
To qualify for the Annuity Purchase Program, the annuity must possess a non-qualified tax status and not be a variable annuity.
Are there any annuities ideal for the program?
Yes. Transferable single premium immediate annuities with fixed payments and fully-paid deferred annuities with fixed payments in the payout phase are ideal. However, through the J.G. Wentworth Annuity Purchase Program™ you can also provide your clients liquidity for annuities with a death benefit, deferred annuities that are past their accumulation phase and equity indexed annuities. You can even provide options to your clients for partial payments.
What are the requirements to participate in the J.G. Wentworth Annuity Purchase Program™?
Agents and brokers sign a simple agent agreement form with J.G. Wentworth. There is no specific licensing or appointment process required to participate in the Annuity Purchase Program, however under the agent agreement they must be in good standing with respect to any licenses they do have. With that, financial professionals can participate in any state that qualifies for the program.
How long does it take for the customer to get funded?
The J.G. Wentworth Annuity Purchase Program™ has one of the most efficient transaction cycles in the industry. With the correct paperwork, we can process a transaction in as little as 10 to 15 business days.
Why would my clients want to sell their annuity?
There are many reasons why clients choose to sell their annuities. Some inherit policies and find they would rather have a lump sum than monthly payments. For others needs change requiring a different type of life insurance product. Some choose to change their investment or estate planning strategy, while still others find that their original decision to buy the annuity no longer applies. With the money, clients start new businesses, pay off debt, pay for school or buy homes.
Do my clients have to sell their entire annuity?
No, partial buyouts are an option and encouraged by J.G. Wentworth. We try to help you and your clients carefully evaluate exactly what their needs are in order to determine how much of their deferred payment stream they should sell. For many, a partial buyout is the best option.
What are the benefits of the program?
The J.G. Wentworth Annuity Purchase Program™ provides a number of benefits. Not only does this program allow you to provide liquidity for your current and future clients and allow you to offer a new line of products, it also comes with a wide range of marketing, advertising and business support services. This enables you to focus on the client while we take care of the rest. Plus, our approval and funding processes are quick and simple, which is why so many of our clients are repeat customers.
Structured Settlement Program
I'm not a structured settlement broker. Can I still participate in the program?
Absolutely. Most of the financial professionals that participate in the program are not structured settlement brokers, but have a client in need of a service that will allow them to liquidate their structured settlement.
Why would my clients want to sell their structured settlement?
Structured settlements are established for many different reasons, attempting to take into account the potential future needs of the plaintiff and provide a reliable source of income. Unfortunately, this set up can quickly become a burden due to a lack of flexibility and inability to adapt to life's events. Selling part or all of your structured settlement can provide the financial flexibility to expand your client's options.
Does my client have to sell their entire structured settlement?
No, frequently partial buyouts are the best option for J.G. Wentworth customers. We help you and your clients carefully evaluate their needs to determine how much of their structured settlement they should sell, to build a transaction that provides the most flexibility for them.
How long does it take to receive a quote?
With the proper paperwork we can provide you a quote in just a few minutes.
What if my client's agreement states that this type of transaction is not allowed?
Some policies state that this type of transaction is not allowed or there are penalties for cashing out. Fortunately, in 2001 President Bush signed into law Internal Revenue Code section 5891, permitting these transactions.
How long does it take for my client to get funded?
Transactions are typically funded within four to six weeks from the time we receive a completed contract from a client. Each client's circumstances are unique so completion times may vary. We understand how important your client's money is, and we work very hard to expedite every transaction.
Life Settlement Program
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