BRYN MAWR, Pa., June 28, 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, teamed up with Loyalty Performance Marketing, a broad-based insurance marketing and financial services company, at the 2006 Annual Million Dollar Round Table (MDRT) in San Diego, CA.
The conference, which took place from June 11-14 is a forum that brings together leading insurance and investment financial services professionals and advisors, from 70 nations and territories and 476 different companies. The Million Dollar Roundtable has served life insurance producers, financial planners and agents since 1927, building partnerships among themselves, their clients and the companies they represent.
"We believe the MDRT is one of the most elite gatherings of agents in the world," said Ryan Clemency, regional director for J.G. Wentworth's Annuity Purchase Program. "We received an overwhelmingly positive response from conference attendees on the need for the secondary market for annuities among their clients who, because of changes in personal or life circumstances, need the liquidity that is lacking from most annuities as sold in the primary market."
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.
"When agents and brokers consider the secondary market for annuities, they think of J.G. Wentworth," said Brian Schneier, President of Loyalty Performance Marketing. "In this environment, investors are looking for liquidity in their investments; as a result, financial advisors are looking to become more familiar with the secondary market to advise their clients when there is a need for flexibility."
About J.G. Wentworth
For more than 14 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.