Annuities are great source of financial income over a constant period of time; this is usually availed by people after retirement so that they would still have a stable source of income for their usual financial requirements. In the same note, some people who are injured in an accident usually have their settlement over a period of years, which is referred to as structured settlements. Although both annuities and structured settlements have their own advantages, some people may want to convert any of these two in a lump-sum amount – this is where JG Wentworth came in, when it was still up in the market.

JG Wentworth became aware of the need of some people for a lump-sum amount in place of a constant amount over a period of time and offered a solution to these people. This has been very useful for those that need to pay something immediately like those who need to pay tuition fees for his/her son or daughter’s education. JG Wentworth had been one of the leading companies purchasing annuities and structured settlements for its corresponding lump-sum amount until it declared its bankruptcy earlier this year.