Get Cash Now! (877) 227-4713

Insights into your financial needs.

J.G. Wentworth Blog

Own an Annuity? Ask Yourself These Five Questions

Hi folks, J.G. Wentworth here. Almost 1/3 of all Americans today own an annuity. They either currently receive, or are scheduled to receive, regular annuity payments – money which may continue to be paid out to them for the rest of their lives.

Are you one of them? If the answer is yes, J.G. Wentworth – one of this country’s largest and most respected annuity purchasers– would like you to carefully consider the following five questions, which directly impact your financial future.

1) Are you satisfied with receiving these annuity payments on a regular basis in the future?

Many annuity recipients are perfectly satisfied with their annuity plan. It represents to them a steady flow of income that they can rely upon during their retirement. Others, however, find that the financial plans they made years before no longer apply, and that they need cash now. If you are in the second category, you should consider contacting J.G. Wentworth – a company that can buy your future annuity payments and put that cash into your hands sooner.

2) Have you thought about all the tax and inheritance issues associated with your annuity?

Some annuity holders discover that the tax burden on their descendents, who would be inheriting their annuity, is larger than it would be if they received another form of inheritance. They choose to sell their annuity payments for cash from a company like J.G. Wentworth, and then find a more suitable way to benefit their descendents, without also shouldering them with a larger than necessary tax burden.

3) Are you in your retirement years, but still working?

Another category of people who choose to sell their annuity payments are those who were originally planning to rely on these regular payments following their retirement. But once their circumstances changed – and they either chose or were forced to continue working in their retirement years – they no longer find that having a steady stream of monthly income to be paid to them in the future is in their best financial interests. They could use that money sooner.

4) Do you have loved ones you would like to help?

Still another category of annuity recipients are those who see their loved ones in financial straits and would like to help. Sudden medical expenses, rising tuition costs, mortgage and bankruptcy issues – these are just a few of the financial troubles that have befallen so many Americans today. Many annuity holders look at their loved ones and decide they would rather get them cash now from their annuity, than have to wait for it to be given to them in the future.

5) Have you truly looked at all your current options related to your annuity?

In the past, once people signed their original annuity contract, they were obligated to receive these payments over time. But that is no longer the case. Annuity holders now have many more options – including the opportunity to sell their future annuity payments for cash now.

Everyone’s financial situation is unique, and selling future annuity payments is not a decision to be taken lightly and we encourage you to consult with an independent financial advisor prior to entering into this type of transaction. That said, if you are considering getting money out of your annuity – please give J.G. Wentworth a call at 877-227-4713.