Structured Settlements FAQs

What is a structured settlement? Can I sell my payments? Why should I choose J.G. Wentworth? Here, we aim to answer all of these questions about structured settlements and more. For any questions not addressed in our structured settlement FAQs, please feel free to contact us directly. One of our representatives would be happy to speak with you.

What is a structured settlement?

If you settle a personal injury, wrongful death, or medical malpractice lawsuit, you may receive your compensation through a structured settlement. This means you will receive your settlement in the form of periodic payments over a set amount of time rather than all at once. The amounts of your payments and the dates you receive them will depend on the terms of the settlement. 

Should I sell my structured settlement payments?

Even though structured settlements are meant to accommodate your financial needs, they do not allow much (if any) room for flexibility, and the timing of your payments may not align with the needs of your life. When you sell your structured settlement payments to J.G. Wentworth, you can rest assured that you will be able to find the option that fits your situation and get your cash when you need it most, allowing you to pay for planned or unexpected expenses. 

Why J.G. Wentworth?

J.G. Wentworth is the most trusted name in buying structured settlement payments. In our 25+ years in business, we have purchased nearly $6 billion in future payments from our customers, giving us experience and know-how that is second-to-none. Our employees are dedicated to working tirelessly to ensure that you receive the money you need, when you need it. 

Will I have to pay taxes if I sell my structured settlement payments?

The federal government has designated all compensation from pain and suffering settlements as tax exempt. As long as your structured settlement sale complies with all laws and regulations, it is protected by law and there should be no tax penalty. It is still important to check with an independent tax advisor before moving forward if you want to be sure that your tax situation will not change. 

How long does it take to get a quote?

Minutes. Although it is preferred that you have all of the paperwork related to your structured settlement on hand during the quote conversation, it is not required. As long as you know the dates and amounts of your payments, we can provide a quote.

If I found a better offer for my structured settlement, can J.G. Wentworth beat it?

We will certainly try. J.G. Wentworth has enjoyed years of success because of our efficiency and experience within the financial marketplace, which helps us make competitive offers for purchasing structured settlement payments. 

Will I face any penalty from the insurance company that issues my structured settlements payments if I complete a transaction?

No. The only change will be that the insurance company sends the purchased payments to J.G. Wentworth.

What kind of experience does J.G. Wentworth have with purchasing structured settlement payments?

Since 1992, J.G. Wentworth has followed our founding principle that people with structured settlement or annuity payments should be able to get cash now. Not only are we the largest structured settlement payment stream purchaser, we also have an A+ rating with the Better Business Bureau.

For any remaining questions about structured settlements not covered in our structured settlement FAQs, please contact us online or by phone.

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