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April 18, 2010

JG Wentworth on Structured Annuity | Radnor Road KIll

by Structured Settlement Watchdog

JG Wentworth, the cash now pusher from Radnor, PA has a MAJOR financial illiteracy moment by advertising that you can sell it your structured settlement annuity in Google Sponsored Ads which appear at the top of search engine results for "structured annuity".

To wit...

Brain_fart_md_clr "JGWentworth.com/SettlementAnnuity      Sell Your Settlement Annuity to JG Wentworth. Free Settlement Quote!"

A structured settlement factoring transaction involves the transfer of structured settlement payment rights (which are established under a contract) NOT the sale of the actual annuity contract.

Wikipedia states  "A structured settlement factoring transaction describes the selling of future structured settlement payments (or, more accurately, rights to receive the future structured settlement payments).

Most structured settlement annuity contracts are owned by assignment companies with such ownership established during the process of creating a structured settlement.

Smug watchdog

 

 

 

 

 

 

Posted at 12:59 PM in Financial Literacy, J.G. Wentworth, Radnor Structured Settlements, Structured Annuity, Structured Settlement Annuity, Structured Settlement Factoring, Structured Settlement Information, Structured Settlement Transfers, Structured Settlement Watchdog® |

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  • What Are Structured Settlement Annuities?
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  • What is a Qualified Settlement Fund?
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  • Firmwide Qualified Settlement Funds Debunked
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