Demystifying JG Wentworth’s Financial Services
Since the past couple of months, people could not stop buzzing about the recent series of television ads put out by the JG Wentworth financial services company. Their hit “Opera” commercials have quickly gone viral across the World Wide Web, later followed by several animated spots starring Mr. Wentworth himself. What all of these ads have in common is the call to action at the end, inviting viewers to find a solution to their financial problems and dial 877-CASH-NOW.
Naturally, a number of viewers may already be wondering just how JG Wentworth can solve a person’s money troubles. It should already be apparent that the company does not make money appear out of thin air, neither does it work like a bank or lending service. No, the company helps ease the average person’s financial burdens through the purchase of deferred payment streams already in their client’s name. Specialties of the company include structured settlements, annuities, and others.
How does this system of purchasing deferred payments work, exactly? Many people today may be in possession of structured settlements or annuities in the form of life insurance policies, lottery winnings, or lawsuit settlements. These settlements may be worth thousands, even millions of dollars to the current holder. The catch is that these settlements are often structured in such a way that beneficiaries can only receive this money in the form of a regular allowance doled out over the span of the settlement’s lifetime. Imagine being in possession of ten million dollars, but only getting to spend it in small amounts over several years!
JG Wentworth can provide the owners of these kinds of settlements with much-needed relief. With the supervision of the company’s team of trained account executives, clients can negotiate the sale of their structured settlements. In return, clients will receive a lump sum of money for them to use however they wish. This handy liquidation of structured settlements is not just ideal for people looking to assert greater control over the finances. This dissolution of the settlement’s rigid distribution terms can also help a person cover larger expenses such as medical bills, mortgage payments, or startup capital for a new business venture.
With the help of JG Wentworth, people will be able to put their otherwise static structured settlements to better use. By converting these deferred payment streams into actual cash, people will be able to get their money when they need it, just as the commercials promised.
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