Your First Call With JG Wentworth
If you’re looking to get a lump-sum cash payment for your structured settlement or annuity payments, the quickest way to get started is to give us a call. Speaking with a JG Wentworth representative is always free, and there is no obligation to sell your payments.
Before You Call
You don't have to have a lot of information before you give us a call, but having files on hand regarding your payments can help our team answer your questions more quickly.
Your representative will need to know these few things:
The name of the insurance company that issues your structured settlement or annuity payments.
Basic information about your payments
The amount of each payment
How often you receive them
How many payments remain on your policy
The amount of money you need to meet your goals
If you’re not sure where to get this information, a good place to look is your benefits letter or annuity contract. These documents will come from your insurance company and have all of the information you need.
If you’re unable to find the paperwork, don’t worry! Your representative will walk you through how to obtain another copy.
Questions We Might Ask You
To provide you with an accurate quote, your representative will ask you a few questions so that they can create an offer that will best meet your needs. Some of the questions they will ask include:
How did you receive your settlement? We understand that this can be a very sensitive question. We don't need a lot of specific details–just the type of claim that led to your settlement. We’ve seen it all and we’re here to help you overcome financial challenges.
Is this your first time selling payments? You can still get a second lump sum if you previously sold some of your payments. However, we will need to know about any previous sales so we can make sure we can quote you accurately.
How We Form a Quote
Is there a lump sum that you’d like to receive from selling a portion of your payments? While many factors are involved in the calculation, including the amount of each payment, the frequency of the payments, and when you are scheduled to receive them, our representatives will reach out to discuss what can be done to get the lump sum you need to reach your goals. Simply tell us how much you need, and we’ll give you an estimate for what you could receive for your payments.
If you called JG Wentworth in the past but decided not to accept any of our offers, your quote this time will likely be different. Why is that? One of the main reasons that your quote will change has to do with the time value of money.
The amount you will be quoted will depend on your financial goals. Do you want to keep some payments coming in or do you just want the highest lump sum you can receive?
Every offer is unique, but there are three basic ways you can sell your future payments:
Full Buyout: Sell all your remaining payments for a single lump sum
Partial Payment: Sell a portion of each payment
Sell Some of Your Payments: Sell the full amount of your payments for a period of time and keep the rest
Receiving Your Quote
Once your representative has the information they need, they will build you a quote. They will frequently be able to have your quote ready that same day and will go over it with you over the phone.
Is this an additional sale of structured settlement payments? What insurance company issues your checks? Knowing the answers to these questions will expedite the process as you work with your representative.
Comparing Your Lump Sum Options
You will likely receive more than one quote from your representative. Whether it’s selling a group of payments or just a portion of them, we want to give you choices for how you access your money. That way, you can pick a solution that fulfills your financial needs.
If we did not get it right the first time, or if your needs change and you want more (or less) money, let your representative know. We will update your quote and give you new options. Since we already have your information in our system, you can typically receive an updated quote on the same day it is requested.
Accepting an Offer
It is important that you completely understand what you are hearing from your representative. They will go over every detail of your offer and answer any questions you may have. Then it is up to you to decide if selling your payments is the right choice for you.
If your quote is a good match for your needs, all you need to do is contact our representative and let them know. They will use your quote to create a contract that will allow us to buy your future payments.
Remember, contacting JG Wentworth and getting your quote is always free. We do not charge you for the call, and if you decide you do not want a lump sum, or if we cannot build an option that suits your needs, you are under no obligation to accept an offer.
How can we help?
Contact JG Wentworth today to find out how we can help you.
JG Wentworth does not provide legal, tax, or financial advice. Please consult with independent professionals for such advice. All transactions are at JG Wentworth’s sole discretion. JG Wentworth does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, customers and clients.
Sales of Structured Settlement and Lottery Payments are subject to Court Approval and other conditions which can take 60-90 days to complete. Annuity payment sales are also subject to certain conditions. All transactions are at J.G. Wentworth’s sole discretion. Cash advances are made at our sole discretion and are subject to underwriting conditions. Cash advances are not available to debt settlement clients. Advance is subject to additional terms and conditions and is not available in MD, RI, VT or WV and void where prohibited.