How To Sell Your Annuity Payments
At J.G. Wentworth, the process of selling your annuity payments is fast and straightforward. Below, we take you through our step-by-step process of getting cash for your annuity payments as soon as possible.
Step One: Call and Speak with a Representative
The first step toward getting your lump sum is reaching out to one of our representatives. We will have a few questions about the specifics of your annuity.
Step Two: Receive Your No-Obligation Quote
Once we can gather information on your annuity and determine what the options are for getting you your lump sum, you will receive a free quote from J.G. Wentworth mapping out all of the details of the potential sale. Our representatives can answer any questions that you may have.
Step Three: Choose the Best Sale Option for You
In many cases, you will receive multiple quotes from us, each with a different approach to getting you your lump sum of cash. You can review the options in each quote, and decide which will be the best choice for you. Once you have found the right plan of action, we can start the process.
Step Four: We Gather All Necessary Paperwork
The next step is for us to gather all of the paperwork that will be needed to finalize your future annuity payment sale. All that we’ll need is:
A signed copy of your Annuity Contract
A signed contract where you authorize us to complete the purchase
Change of ownership or payee/beneficiary forms (if required)
Step Five: You Sign the Sale Agreement
At this point, we will already have reached a verbal agreement regarding which option you’d like to choose for selling your payments. We will then draw up the final deal to be signed by you so that the transaction is in writing.
Step Six: Insurance Company Approves Policy Changes
Once you sign the agreement, the necessary documents sent to the insurance company that is issuing your payments. They will process any changes that may result from the sale and send approval to us so that we can proceed with sending you your lump sum.
Step Seven: We Send You Your Money
After we receive approval from the insurance company handling your annuity, we are good to go. We will send out your lump sum of cash right away, and you’ll often receive your money in as little as three days.
Step Eight: YouReceive Your Lump Sum
Whether you prefer an electronic transfer of funds or a physical check, we will send your money as quickly as possible so that you can enjoy your lump sum and spend it however you like.
