Annuity Purchasing

Annuities are contractual financial products that provide the recipient with a steady stream of payments over a predetermined time period. These products primarily serve as a dependable way to secure income during retirement. Annuities can also be found in the form of structured settlements, pensions, and even lottery winnings. Overall, these financial contracts remain popular with investors due to their potential return on investment.

Sometimes, however, annuities can prove inflexible. Maybe you have the perfect opportunity to start your own business or purchase a vacation home. If you could cash out of your annuity, you might have the necessary funds. Unfortunately, many annuity contracts come with restrictions or penalties that can either limit your ability to make withdrawals from them or make the prospect highly unappealing.

Because of this, J.G. Wentworth has built a strong reputation as a company that provides cash for annuity payments. For over 25 years, the sole mission of the J.G. Wentworth Annuity Purchase Program® has been to help our customers meet their goals. Contact one of our representatives to learn how to sell your annuity payments today.

Types of Annuities

There are several different types of annuities, including:

  • Retirement Annuities – Mutual fund companies, large banks, and investment firms offer retirement annuities to people who want to ensure that they have a dependable source of income upon retirement. During their careers, people that elect for this kind of plan deposit a portion of each paycheck into their annuity fund, which accrues interest until retirement.
  • Structured Settlement Annuities – If a plaintiff wins a personal injury claim, they may receive a structured settlement annuity as compensation.
  • Inheritance Annuities – Annuitants can sometimes designate an heir to receive their payments if they were to pass away. This often involves a modification of the policy, also known as a rider.

Immediate vs. Deferred Annuities

As with most investments, annuities can pay out in several different ways.

Immediate Annuities

This kind of annuity allows you to start receiving payments almost right away. Generally, you can only purchase an immediate annuity with a single lump sum, as opposed to small investments made over time. Because these annuities start paying out right away, they generate a smaller amount of interest. However, this also makes them a popular option for those already close to retirement.

Once you begin receiving payments, companies may not allow you to withdraw your lump sum. However, J.G. Wentworth can provide you a lump sum by buying your future payments.

Deferred Annuities

As you are making payments into the policy, the insurance company invests the money, generating interest and growing the account. Once you retire, you receive this money in the form of regular payments, supplementing social security and any other retirement investments you may have made.

Deferred annuities may carry a buyout clause. This stipulation allows the annuitant to cancel the annuity early and receive a lump sum. However, this clause often involves an early withdrawal penalty.

Get Cash for Future Annuity Payments

J.G. Wentworth has helped thousands of customers receive a lump sum of cash for their annuity payments, often in as quickly as three days!. Once you reach out to us, we will gather some basic information and provide you with a no-obligation quote. Our representatives will also explain all of your sale options.

If you decide to move forward with the sale, we will gather the necessary paperwork and facilitate the changes to your annuity with the insurance company. After that, we will send you your lump sum as quickly as possible.

Contact one of our representatives to learn how to sell your annuity payments today.

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