BRYN MAWR, Pa., Sept. 6, 2006 (PRIMEZONE) -- As part of an ongoing educational process on the secondary market for annuities, J.G. Wentworth, a specialty finance company and leader in the secondary market for annuities, appeared on MarketWatch.com on August 31. The video segment can be accessed on www.marketwatch.com, then type "Michael Vaughan" in the search. MarketWatch is a wholly-owned subsidiary of Dow Jones & Company, Inc. and is a leading provider of business news, financial information and analytical tools.
Michael Vaughan, Managing Director of J.G. Wentworth's Annuity Purchase Program, was interviewed by Andrea Coombes, personal finance reporter with MarketWatch, on the options available to annuity holders in the secondary market.
"It's no secret that sales of annuities are at record levels, as many investors use them as an important personal finance tool, but the tricky part is that annuities do not offer flexibility," said Vaughan. In the segment, Vaughan says, "It's your asset and there is no reason why consumers should not have control of that asset, and sell it if it does not fit their financial goals. J.G. Wentworth offers consumers the flexibility in the secondary market to sell their policy at fair market value."
J.G. Wentworth pioneered the secondary market for annuities and has been educating investors on the options available in this market. The secondary market provides flexibility to those who have had a change in their financial circumstances and goals and need to sell all or part of their annuity policy. J.G. Wentworth evaluates annuity policies and offers investors fair market value for the policy.
About J.G. Wentworth
For more than 15 years, J.G. Wentworth has been purchasing annuities as well as other deferred payment streams. During this time, the company has purchased over $2 billion of future payment obligations. The company's annuity-backed notes are rated AAA by Standard & Poor's and Aaa by Moody's and sold to institutional investors. J.G. Wentworth is based in Bryn Mawr, PA. For more information about J.G. Wentworth, go to www.jgwfunding.com/annuities.asp.