December 26th, 2011 | 
Author: JG Wentworth is one of the pioneer financial services company in the country, buying annuities and structured settlements from individuals. JG Wentworth was founded in 1991 and is owned by JLL partners which are a private equity firm. In addition to purchasing annuities and structured settlements from individuals, the company also provides numerous financial services to consumers. A notable example of a financial service offered to individuals by the company is lawsuit advances. A lawsuit advance is instrumental for helping individuals who may not be able to meet the cost of his or her lawsuit.
Secondly, a lawsuit advance is helpful for an individual waiting for his or her claim settlement. A lawsuit advance enables the individual to meet his or her costs as he or she waits to be paid. After payment, the individual is required to pay back the lawsuit advance. In instances whereby the individual does not succeed in his or her case, he or she is not required to pay back the lawsuit advance. However, it is prudent that there are a number of restrictions in meeting one’s lawsuit costs through this method.
However these restrictions vary from state to state. Secondly, the company also provides lottery payouts to individuals. In this scenario, an individual may win a huge sum of money in a lottery. However, the lottery company may pay the individual his or her money monthly till the individual receives the whole amount. The individual may want to receive the whole amount at once. Consequently, the individual can sell his or her income stream to JG Wentworth. Through this, the individual accesses a lump sum amount of money at a discounted rate. JG Wentworth has also been successful in issuing securitizations.
These securitizations are backed by annuities and structured settlements receivables. This goes a long way in enhancing the company’s financial position .Since its inception in 1991; the company has authorized 22 securitizations worth more than $ 2.3 billion. In addition to that, the company has successfully purchased future payment obligations from individuals .It is worth noting that these future obligations are worth more than four billion dollars. This has ensured that the company is in a secure financial position. JG Wentworth has over 15 years’ experience in buying of annuities and structured settlements. Moreover, the company has a highly skilled and dedicated workforce. Thirdly JG Wentworth boasts of cutting edge technology and unrivalled expertise in underwriting.
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