Earl knew his parents loved him. His upbringing was not a privileged one, but his
parents worked hard to provide for their family and his education. When his father
died five years ago, Earl admired the planning his father had done to make sure
his mother could live modestly yet comfortably for the rest of her life.
When his mother passed away, Earl wasn't at all surprised to find an annuity among
her schedule of investments; this was a safe, stable and dependable investment that
epitomized his father's character. As the only child, Earl would inherit this annuity
once the estate was settled.
Upon receiving ownership of the annuity, Earl chose to continue the monthly annuity
payments of $2,100 each. While the annuity payments were nice, Earl later realized
they weren't helping to make headway with some of the financial challenges he was
facing at the moment. Earl's physical therapy practice provided independence and
a comfortable living but lacked the growth he knew he would need to put his children
through college and provide for his own retirement. If his calculations were
correct, he needed to expand the practice by another 1,500 square feet, add new
equipment and more part time therapists.
When the adjacent office became available, he had the opportunity. But did he have
the capital? If he could tap the principal of the annuity he inherited — about $250,000
— rather than simply the monthly annuity payments, Earl could fund his expansion
with an annuity cash out. Earl's financial advisor said that such a transaction
was possible, and gave him the name of the one firm he was aware of that could help
Earl sell annuities.
This is when Earl called J.G. Wentworth.
Contact JG Wentworth's annuities specialists now and convert your annuity payments
to cash.
