subject: Finding Answers To Financial Problems Through Annuities And Structured Settlements [print this page] Todays economy has left millions of Americans struggling to stay afloat in a sea of expensive commodities and constantly increasing gas prices. People who live from paycheck to paycheck barely have enough financial leeway for unexpected life events such as medical emergencies or unplanned home repairs due to floods, earthquakes, and natural disasters. Situations like these call for immediate and considerably large amounts of money. This is where companies such as JG Wentworth provide financial services that aim to help families get through tough economic times.
Included in JG Wentworths services is the purchase of payment streams from fixed annuities and structured settlements. Annuities are financial devices that people purchase in preparation for retirement. Annuities provide individuals with a steady source of income even after they retire. Structured settlements, on the other hand, are periodic payments made to an individual as a result of a personal injury or medical malpractice lawsuit. The claimant agrees to settle out of court in exchange for a specified amount of money, which are usually paid out in increments. While annuities and structured settlements do provide a constant source of income for many individuals, they soon find that the small periodic payments they receive are not enough to cover various financial emergencies. It is for this reason that the concepts of selling part or all of their structured settlement and annuity payments become the ideal solution to their financial dilemma.
As stated in JG Wentworths advertising campaigns, people with structured settlements and annuity payments have the right to make use of their money whenever they see fit. Founded in 1991, the company started as a merchant banking firm. It soon began to explore opportunities in the financial market, until the company found a niche in purchasing deferred payments. JG Wentworths award-winning advertisements have helped turn the secondary market for annuities and structured settlements from a budding cottage industry into a specialty finance industry. Through the years, JG Wentworth fees have remained reasonable, despite the economys unpredictability. Many have found that the companys fees can often be less costly than paying for their providers steep surrender fees, which makes the option to sell their annuity payments even more attractive.
