JG Wentworth's Admission is a Warning to Structured Settlement Annuitants

by Structured Settlement Watchdog

Take JG Wentworth's word for it, "large compensation lump sums usually don't offer long-term financial stability".  After years of goofy commericals featuring zaftig Viking opera singers and random bus riders extolling the virtues of cash now, now the 800 pound gorilla of the structured settlmenet secondary market is warning consumers about large lump sums. Well howdy do!

Take it straight from the 800 lb gorilla's mouth

 

To show they haven't completely gone of the boil, JG Wentworth fluffs their lines by spouting the pedestrian secondary market misnomer "awarded a structured settlement".  In fact, structured settlements are negotiated not awarded. 

Here is the full quote and screenshot* from JG Wentworth's website when retrieved December 31, 2021:

"A structured settlement is money that’s been awarded to someone who’s won a lawsuit. However, the person can’t access the money all at once — only in installments. Typically, a predetermined schedule will be created detailing when and how often they’ll receive a payment. The installments are an alternative to large compensatory lump sums that usually don’t offer long-term financial stability."   

JG Wentworth structured settlement quote

 

 

* reproduced for critical commentary