Kim Borwick, Financial Editor for Annuity.org
  • Written By
    Kim Borwick

    Kim Borwick

    Financial Editor

    Kim Borwick is a writer and editor who studies financial literacy and retirement annuities. She has extensive experience with editing educational content and financial topics for Annuity.org.

    Read More
  • Published: October 14, 2020
  • This page features 2 Cited Research Articles
Cite Us
How to Cite Annuity.org's Article

APA Borwick, K. (2020, November 17). What Can You Learn from the J.G. Wentworth Commercials? Annuity.org. Retrieved September 26, 2022, from https://www.annuity.org/2020/10/14/what-can-you-learn-from-the-j-g-wentworth-commercials/

MLA Borwick, Kim. "What Can You Learn from the J.G. Wentworth Commercials?" Annuity.org, 17 Nov 2020, https://www.annuity.org/2020/10/14/what-can-you-learn-from-the-j-g-wentworth-commercials/.

Chicago Borwick, Kim. "What Can You Learn from the J.G. Wentworth Commercials?" Annuity.org. Last modified November 17, 2020. https://www.annuity.org/2020/10/14/what-can-you-learn-from-the-j-g-wentworth-commercials/.

Why Trust Annuity.org
Why You Can Trust Annuity.org
Annuity.org has been providing reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities, structured settlements and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We partner with CBC Settlement Funding, a market leader with over 15 years of experience in the settlement purchasing space. Our relationship with CBC allows us to facilitate the purchase of annuities and structured settlements from consumers who are looking to get a lump sum of cash immediately for their stream of monthly payments. When we produce legitimate inquiries, we get compensated, in turn, making Annuity.org stronger for our audience. Readers are in no way obligated to use our partners’ services to access Annuity.org resources for free.

CBC and Annuity.org share a common goal of educating consumers and helping them make the best possible decision with their money. CBC is a Better Business Bureau-accredited company with an A+ rating and a member of the National Association of Settlement Purchasers (NASP), a national trade association that promotes fair, competitive and transparent standards across the secondary market. Additionally, Annuity.org operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

You’ve probably seen the J.G. Wentworth television commercials and maybe even found yourself plagued by the unwelcome earworm after hearing the company’s catchy jingle only once.

That’s exactly what J.G. Wentworth Chief Marketing Officer Ken Murray and his team were shooting for in 2010 when they launched the “Bus Opera” ad campaign, the most recent installment of J.G. Wentworth’s successful “Opera” campaign.

The ad spot has certainly been effective, winning awards and targeting people who want to sell their structured settlement and annuity payments for immediate cash, but what’s the offer behind the campy advertisement? What happens when you dial 877-CASH-NOW?

What Does J.G. Wentworth Do?

Like other structured settlement and annuity buyers, officially known as factoring companies, J.G. Wentworth purchases the right to your future annuity payments or structured settlement payments at a discount.

They operate within what’s known as the “secondary market.” On the secondary market, structured settlement purchasers pay sellers a lump sum for the right to receive all or a specified number of the seller’s future payments.

This is a perfectly legal transaction, and for people who receive regular periodic payments from an annuity or structured settlement, selling payments may be the ideal solution to an immediate financial problem.

The two most important things to consider are how the transaction will affect your long-term financial health and whether the company you choose to work with is trustworthy.

What Is the Trade-Off for ‘Cash Now’?

Selling payments may seem like the best way to address your most pressing financial needs, but there is a catch.

The lump sum you receive will be only a percentage of the actual value of the payments you sell. This is because factoring companies apply what is called a “discount rate” to the sale. The discount rate will vary among purchasing companies, but it typically falls within the 9 percent to 18 percent range.

According to the National Association of Settlement Purchasers, “Your exact rate depends on a number of factors, such as where you live, the length of your structured settlement, and the amount you want to transfer, as well as other factors.”

For this reason, it’s important to shop around for the best deal when selling your structured settlement or annuity payments and to ensure that you are crystal clear on the terms of the agreement before you commit to a sale.

Interested in selling your payments?
Get started with a free estimate and see what your payments are worth today!

What Else Do I Need to Know that the Commercials Don’t Tell Me?

Depending on the terms of your structured settlement or annuity contract, the transaction can be a quick and simple process, or it may require a number of time-consuming steps.

For example, the sale of annuity payments or lottery or casino payments will be more straightforward than the sale of structured settlement payments. That’s because structured settlement sales require the approval of a judge. Federal and state laws exist to protect structured settlement recipients from exploitation, and these laws, while helpful, can complicate the process of selling.

Something else you won’t learn from a bus full of singers-slash-actors or a stage full of Vikings: you are your best advocate.

Do your research. Find a suitable factoring company, and make sure you’re fully satisfied with the representative’s answers to your questions about the transaction.

Some questions to ask include:

  • What is your typical discount rate and how does it compare with rates offered by your competitors?
  • What professional organizations do you belong to?
  • When will my free quote expire?
  • How long have you been in business?
  • Can you provide a written breakdown of the fees you charge?
  • How long will the sale take?
  • What is your procedure for the court approval process?

A reputable purchasing company will be able to answer these questions clearly and directly. You should not have to pay for a quote, and the representative should never use high-pressure sales tactics.

You may also want to consider hiring an attorney who is familiar with the sale of structured settlement and annuity payments, including tax implications, Structured Settlement Protection Acts and the laws regarding structured settlements in your state.

When it comes to protecting your financial well-being, never judge a factoring company by its advertisement.

Please seek the advice of a qualified professional before making financial decisions.
Last Modified: November 17, 2020

2 Cited Research Articles

Annuity.org writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. National Association of Settlement Purchasers. (n.d.). Protect Yourself. Retrieved from https://www.nasp-usa.com/secondary_market_faq.php
  2. Business Wire. (2010, March 16). J.G. Wentworth Launches New Television Commercial. Retrieved from https://www.businesswire.com/news/home/20100316005598/en/J.G.-Wentworth-Launches-New-Television-Commercial