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