I Have Questions …
What is an annuity?
An annuity is a type of investment that can provide a stable source of income during retirement. There are many different types of annuities that allow you to invest in a portfolio of major assets at either a fixed or variable rate. After a set period of time, the accumulated savings will then be paid out to you in regular payments.
About Selling an Annuity
Can I sell my annuity?
At JG Wentworth, we have extensive experience purchasing many different types of annuity payment streams. Over the years, we’ve discovered that each situation is unique, which is why we take the time to review your annuity contract individually. Learn more about how to sell your annuity payments, and contact us if you would like to sell your annuity payments.
If I received the annuity through an inheritance, can I still sell it?
If an annuity was not originally yours, you might not find the periodic payments to be convenient. In some instances, a lump sum of cash may prove more beneficial to help you achieve your goals.
Do I have to sell my entire annuity?
No. In fact, many of our customers decide that selling just part of their annuity is the best option. It is important to carefully evaluate your needs and determine how much you rely on your annuity stream as a source of income. We believe that having the flexibility to choose whether to sell all of or just part of your annuity payments is important.
Should I sell my annuity?
Make sure to consider all aspects of your financial situation, and ask yourself if the regular payments from your annuity are necessary to pay your everyday expenses.
While a steady stream of payments is often beneficial, there are times when having a lump sum of cash might suit your needs better. For example, many of our customers use a lump sum to pay off debt, to buy a home, or to pay for another expense.
About the Process
How do I obtain a quote?
You can call us at 855-732-9488 or fill out a contact form. One of our representatives can provide a free, no-obligation quote. We can usually offer you a quote within minutes.
Is JG Wentworth selling me another annuity?
No. We are not offering you an annuity for sale or exchange. What we do offer is a lump sum of cash in exchange for all or part of your future annuity payments. Contact us to learn more about our annuity purchasing process.
How long will it take to receive a lump sum from my annuity?
While each transaction is unique, most customers receive their lump sum within two to three weeks after completing their contract. We do our utmost to expedite the process so you can get the cash you need as soon as possible — sometimes, within just three business days.
What if my annuity contract has a “no surrender” clause or a “surrender fee”?
Many customers who see a “no surrender” clause or “surrender fee” on their paperwork question whether or not they can sell their annuity payments. What these clauses refer to is your ability to surrender the annuity to the insurance company that issues it. Generally, JG Wentworth can still purchase your annuity, even if it contains a “no surrender” clause.