Hi folks, J.G. Wentworth here.
In a recent blog, we reviewed the five-step process on how to sell structured settlement payments for cash. Today, for all you annuity holders out there, we would like to talk about how to sell future annuity payments.
Just how easy is it to sell annuity payments for cash? Here are the five steps to getting that money out of your annuity and into your pocket sooner.
1) Call J.G. Wentworth
When you call J.G. Wentworth, our focus is on you. Tell us about your annuity – specifically, how much money you are owed, and when that money is scheduled to get to you. You should also feel free to discuss your specific financial situation, as J.G. Wentworth’s customer representatives are trained to listen to each of our customers’ unique needs so we can best serve you.
Following this discussion, we will then offer you a verbal quote for your future annuity payments – one you are under no obligation to accept. But if you do, you can proceed to step two:
2) Send in the official documentation surrounding your original annuity contract
In order to proceed, we need the legal documentation surrounding your original annuity agreement. This includes the specific financial details of your annuity payout plan, including information about the company that is responsible for distributing your cash over time. The sooner we get it, the sooner we can proceed!
3) Review our written offer, sign the contract, and return it to us
Once you get our written offer, you should review it carefully and make sure you are getting what you expected based on our phone conversation. If you have any questions, large or small, you should never hesitate to contact us; we have customer representatives available day and night! All you need to do is pick up the phone and call us at 877-227-4713.
4) Prepare for a review
Your original annuity agreement needs to be processed and transferred. That means that the company that issued your annuity must receive and process documents changing the payee and beneficiary of the payments you are selling. . Your only job here is to sign the necessary documents and get them back into the mail quickly.
5) Get your cash!
Once the insurance company receives your request they will change your original contract. After the necessary changes are made and we complete our final underwriting review- you’ll get your cash!
Have any questions about one of the annuity-selling steps outlined above? Want to talk to one of our representatives about your own annuity and unique financial situation? Please call J.G. Wentworth anytime at 877-227-4713.