With the aftereffects of the global financial crisis still lurking underneath the economy, most people require a financial solution that allows them to meet their financial obligations at present. People require a lump sum amount of cash to pay medical bills, pay a down payment on a new house or simply to pay college fees of their sons and daughters. As America?s largest purchaser of future payments, JG Wentworth continues to help out millions of customers who wish to exchange their future payments against lump sum of cash. With extensive experience, highly skilled personnel and customizable structured settlement selling plans, JGW is the leader in future payments buying in the United States.
The company was founded back in 1991 and operated as a merchant banking firm. Shortly afterwards the management decided to explore market potential in purchase of deferred payments of common people. Ever since, JGW has evolved as the leading purchaser of structured settlements, annuity payments and lottery winnings in America and estimates suggest that the company has purchased future payments of more than $4 billion from thousands of clients over the last two decades.
Apart from doing well in purchasing structured settlements and annuities, JGW is also known for a unique and highly effective marketing campaign. Different television advertisements such as JG Wentworth commercial by the title, ?It?s Your Money!? has particularly captured the attention of TV audiences and spread the company?s message in a highly effective manner. JGW offers a wide range of financial services such as helping clients find appropriate financial institutions to settle business advances, mortgage notes, lottery payouts, inheritance advances and cell tower lease advances. The website of the company also offers clients and potential clients the unique opportunity to get a free quote by filing a simple form.
In 2001, JGW played a pivotal role in pushing for passing of the Internal Revenue Code section 5891 that apart from regularization of sale of structured settlement payments also legalized the sale of such securities in secondary markets. With an efficient team consisting of over two hundred trained professionals, JGW continues to thrive in purchasing different forms of future payments from their clients to make their lives easier. It was in 2007 that after the formation of JGW Life Settlements, LLC, the company started officially dealing in life insurance policies against transfer of a lump sum of cash to their clients. Currently a private equity firm, JLL Partners based in NYC owns JGW.
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