Meeting Your Account Executive
The first step to sell your structured settlement payments is speaking with a J.G. Wentworth account executive so we can give you a quote.
Taking the First Step to Your Lump Sum
Maybe you watched one of our famous TV commercials, saw an ad at a website, or read an article about converting your future structured settlement payments into cash. Now, you want to see how much money you could get by selling your structured settlement payments to us.
J.G. Wentworth has more than 25 years of experience helping people turn their future payments into a lump sum of cash. We know it’s an important financial decision, and we’re honored that you’ve chosen to take this first step by speaking with us.
Preparing for the Call
All you need to have is an idea of how much cash you want to get from your payments, and a general idea of how your current payments work.
The best way to think of your first call with an account executive is to treat it as an introduction. We’ll answer any questions you may have and gather information so we can learn how we might be able to help you meet your goals. To prepare for the call, you just need to have an idea of how much cash you want to get from your payments, and a general idea of how your structured settlement payments work. However, if you want to get a quote from us that explains your options as soon as possible, try to have the following information available before the call:
The Name of the Insurance Company that Issues your Structured Settlement
An insurance company issues your structured settlement. Knowing which one issues your settlement allows us to give you the most accurate quote possible.
Information About Your Structured Settlement Payments
To figure out how we can help you get your lump sum of cash, we need to know about the payments you're looking to sell, including:
- The amount of each payment you receive
- How often you receive payments (monthly, yearly, etc.)
- How many payments you have yet to receive
What Happens If You Don't Have All The Information We Need?
If you have a copy of your benefits letter Document provided by your insurance company that details up-to-date structured settlement payment information including; payment dates and amounts, policy number, and beneficiary information. or annuity contract Contract provided by your insurance company that details policy information including; payment dates and amounts, policy number, and relevant beneficiary information. This document is typically issued around the time of settlement. , it should have the information we need. However, if you don't have everything in time for the first call, don't worry. Your account executive can schedule a conference call with the insurance company that issues your structured settlement. Many companies are willing to release the information to you in this way. If you cannot get this information from them, but you're confident you know the exact dates and amounts of your payments, we can still offer you a quote. However, if this information turns out to be incorrect, we must re-quote at a future date.
What We’ll Discuss On The Call
The first call gives you an opportunity to ask questions about selling structured settlement payments and how the process works. It’s also a chance for us to get to know more about you.
When we prepare a quote, we want to offer the lump sum you’re looking for in a way that makes sense for you. We don’t offer “one-size-fits-all” quote options. The offers we present are unique to your structured settlement and your financial situation. Therefore, your account executive will ask you a few questions, including:
How Were You Awarded Your Structured Settlement?
We don't need specific information about your claim. We just need to know the type of lawsuit that resulted in the settlement. We mostly deal with these types of lawsuits:
- Personal injury claim A lawsuit that is filed after someone suffers harm from an injury where someone else might be legally responsible for that harm.
- Wrongful death A lawsuit brought by the surviving family members and/or loved ones of someone who was killed as a result of someone else's negligent behavior or an intentional act. This lawsuit is usually brought against the person, persons or entity believed to be responsible for the death.
- Medical malpractice Any act or omission by a physician during treatment of a patient that deviates from accepted norms of practice in the medical community and causes an injury to the patient. Medical malpractice is a specific subset of tort law that deals with professional negligence.
We are not able to buy future payments from some types of settlements, such as worker's compensation claims. We don't want to waste your time by offering a quote that we're unable to fulfill, which is why it's important for your account executive to ask these questions.
How Large of a Lump Sum Do You Need?
Your account executive might ask you questions about how much money you want to receive as a lump sum. In most cases, you won't need to sell all your payments. Instead, we can buy only a few payments, or part of each payment and still get you the cash you want.
Your account executive might also ask you about your current financial situation so we can offer a quote that will have as minimal an impact on your budget as possible.
Is This Your First Time Selling Your Structured Settlement Payments?
If you previously sold some of your future payments, we'll need this information to offer you an accurate quote. If your first sale was to J.G. Wentworth, then we already have this information. But if you sold to another company, we'll have to ask a few questions about the sale so we can make an offer on the remaining payments.
Now it's time to Test Your Knowledge
Don't worry, you've already got an A for participation. But if you're feeling up to the challenge you can test your knowledge of the information covered in this step.
Next stepsScheduling a Call to Review Your Quote
After gathering information from you and answering any questions you may have, your account executive will prepare a quote and schedule a call to review it with you. If your account executive was able to get all the information needed during the first call, you might receive your quote on the same day.
We believe it’s important to go over your offer on a call to make sure you are clear on your options and so we can answer any questions you have. There is never a cost to speak with an account executive and you don’t have to agree to anything if you wish to receive a quote. We try to make the best offers we can, but no one understands your financial situation better than you do.
* J.G. Wentworth does not provide legal, tax, or financial advice, please consult with independent professionals for such advice.
Understanding Your Quote
After your Account Executive has the information they need about your structured settlement payments, they'll offer you a quote.Begin Step 2