J.G. Wentworth Forecast:Consumers Expected to Increase Sales of Annuities They Hold in 2006, Continu

Bryn Mawr, PA, December 5, 2005 - American consumers are expected to more than double the sales of existing tax-deferred annuities they hold in 2006, as the economy moves into what appears to be a transition phase in which liquidity will be valued over illiquid holdings, according to J.G. Wentworth. As a result, the company said, sales by consumers of existing annuities are likely to hit a three-year high next year even as the annuities market itself continues to grow. "Based on the public data we've seen as well as proprietary information from agents and brokers active in this market, 2006 is likely to be a watershed year for sales by consumers of annuities they purchased, often in very different economic environments," said Michael B. Vaughan, managing director of the J.G. Wentworth Annuity Purchase Program