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Get a lump sum of cash for your future structured settlement payments
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Structured Settlements

J.G. Wentworth is the nation’s top structured settlement payment purchasing company. Our team has assisted customers across the United States in selling over $8 billion in future payments. We have attained a high level of success because of our commitment to you, the customer, doing everything we can to get you your money when you need it most. If you have structured settlement payments that you are hoping to sell, look no further than J.G. Wentworth, recognized as the leading structured settlement payment buyer. 

 

What is a Structured Settlement?

Structured settlements are payment streams which are awarded to those who settle a lawsuit. They are often an alternative to the large compensatory lump sums that typically do not offer long-term financial stability. 

Since the laws surrounding structured settlements tend to vary from state-to-state, the specific rules, regulations, and tax implications of a settlement can be different for everyone. 

 

Do I Have a Structured Settlement?

You know that J.G. Wentworth is a company focused on purchasing structured settlement payments, but let’s back up a bit.

How do you know if you have a structured settlement or not? While structured settlements are an incredibly common form of payment stream, some people don’t realize they have one despite collecting regular payments from it. 

More often than not, structured settlements are the result of a lawsuit or claim in which you’ve been awarded compensation. Some of the most common suits which can result in a structured settlement include:

  • Medical Malpractice Settlements: One unfortunate, yet common form of structured settlement is one that comes from a medical malpractice lawsuit. If negligence, error, or omission in practice resulted in the personal harm or death of a person and the case is brought to court, the compensation could be awarded as a structured settlement. In medical malpractice lawsuits, structured settlements are particularly common if the sustained injury requires long-term medical expenses.
  • Personal Injury Settlements: When a personal injury case is brought to court, the plaintiff may settle the case with some form of compensation for their medical bills, emotional harm, or other related expenses. Often, they will agree to take payments over time in the form of a structured settlement.
  • Wrongful Death Settlements: If someone is tragically killed at the fault of another person, the guilty party or their insurance company may be required to pay compensation to the family of the deceased. Again, depending on the specific circumstances of the case, the family can often settle a case by agreeing to receive the funds in the form of a structured settlement, which spreads payments over a longer stretch of time. 

While these are certainly not the only cases which result in a structured settlement, if you receive periodic payments from a similar claim, you might just have one of your own.   

 

Why Sell Your Structured Settlement Payments?

There are plenty of reasons why selling the payments from a structured settlement may work for you. There are a number of ways that our customers have used their lump sums:

  • Paying Off Debt
  • Covering Medical Expenses
  • Making a Down Payment on a Home
  • Starting a Business
Paying off Debt
Paying Off Debt
Covering Medical Expenses
Covering Medical Expenses
Making a Down Payment
Making a Down Payment on a Home
Starting a Business
Starting a Business

How to Sell Structured Settlement Payments

The process for selling structured settlement payments typically breaks down like this:*

  1. Decide to sell payments
  2. Contact a representative to discuss a possible sale.
  3. Get a free, no-obligation quote.
  4. Accept the quote and enter into a contract.
  5. Attend your court date and receive a judge's approval.
  6. Receive your money in the form of a lump sum.

Once you have decided that selling your structured settlement payments sounds like the best plan of action, you will begin the sale process. As an experienced buyer of structured settlement payments, we have the ability to make the process as smooth as possible.

The Sale Process

The first step toward getting your lump sum includes filling out a brief online form or calling one of our company representatives. They will need specific information on your settlement in order to give you an accurate quote. Even if you don’t have all of the necessary information on hand right away, we can still begin the sale process. Once we do have all of the information on your structured settlement, we can make you an offer. 

If you choose to accept the offer, one of our representatives can work with you through every step in the structured settlement payment sale process. Once the transaction has been approved in court, the only remaining step is to send you your lump sum of cash.  

Structured Settlement Sale & Payout Options

In almost every case, you’ll have three specific payout options when you sell your structured settlement:

  1. Sell a period of payments (ex. Sell 10 years of a 25-year payment stream)
  2. Sell a portion of each payment (ex. Sell $100 of each $500 monthly payment)
  3. Sell all of your payments

One of the most frequently asked questions comes from customers wondering whether the only structured settlement sale option they have is to sell their entire payment stream in order to receive a lump sum. Our answer: absolutely not! You are free to sell only what makes sense to you, allowing you to create a high quality of life after selling your structured settlement payments. Whether that involves selling a period of payments from a specific time frame, selling just a portion of each payment, or selling the entirety of your structured settlement payments, we’re here to help. 

Structured Settlements for Minors

If you or your child received compensation through a structured settlement as a minor, there are specific rules about what the money can be spent on and when you may sell payments for a lump sum. Typically, the court issuing the compensation will take steps to ensure that the money is spent only on things which benefit the overall well being of the minor. Once the minor reaches the age of majority in their state of residence and, assuming there are no restrictions on their settlement documents, they have the ability to decide whether any structured settlement payments are sold.

 

Get Your Structured Settlement Quote Today

For more than two decades, J.G. Wentworth has been the leading structured settlement payment purchasing company in the United States. We can get you the money for your structured settlement or annuity payments when you need it most. 

Contact us to get your free, no-obligation quote today!