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Assessing the Real Value of Your Structured Settlement or Annuity: Are Your Payments Guaranteed or Nonguaranteed?

Hi folks, J.G. Wentworth here with a quick discussion on the difference between guaranteed and nonguaranteed payment provisions in your structured settlement or annuity contract. Knowing the difference between these two types of payments will help you understand the lump sum offer being made to you by our company.

When you call J.G. Wentworth to discuss selling your structured settlement or annuity payments for cash now, one of the things we will need to know is whether your future payments are guaranteed or nonguaranteed. Guaranteed payments are those payments your descendants will continue to receive during your payment period should you tragically become deceased. Nonguaranteed payments are payments you will receive during your payment period only for as long as you remain alive.

Guaranteed payments are valued more highly than comparable nonguaranteed payments, because the company making the guaranteed payments is legally obligated to continue making them throughout the payment period regardless of your personal circumstances. While nonguaranteed payments certainly have value, assessing their overall worth is a bit more complicated, and the offer made on these payments might be less than you may have originally hoped for.

Of course, if for any reason you are looking to sell your structured settlement or annuity payments for cash, you certainly don’t need to know whether your payments are guaranteed or nonguaranteed before calling us. Our trained customer representatives will help you locate that detail in your contract – as well as answer any other questions you may have. Please give us a call anytime at 877-227-4713.