J.G. Wentworth

About J.G. Wentworth

J.G. Wentworth is a financial services company located in Radnor, Pennsylvania. The company was originally founded in 1991 as a merchant bank specializing in transactions related to the highly lucrative private for-profit U.S. health care delivery system. The following year, a new opportunity presented itself when a state-funded auto insurance program in New Jersey was unable to pay out claims in a timely manner; settlements were being deferred for up to 18 months. Wentworth purchased these deferrals, providing the claimants with immediate cash while benefiting from the 6% interest rate being paid by the state of New Jersey.

Structured Settlement Products

In 1993, a client approached Wentworth, offering his structured settlement from an insurance company for a lump sum payment. Since that time, Wentworth has begun offering lump sum payments on a wide range of annuity payments and structured settlements, including lottery winnings, insurance settlements, life insurance policies, law suit awards and pending inheritances.

More Information

J.G. Wentworth was among the founding members of the National Association of Settlement Purchasers (NASP), which among other things establishes ethical and professional standards for structured settlement buyers throughout the industry. The company was also one of the primary lobbyists for Section 5891 of the Internal Revenue Code, which was signed into law in 2001, allowing structured settlements to be resold.