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Catalina Structured Funding

Selling Genworth Structured Settlement Payments

If your structured settlement is issued by Genworth Life and Annuity, you can sell some or all of your future payments for a lump sum. Whether your paperwork says Genworth, Jamestown Life, or Assigned Settlement, Inc., we know who they are and how they work.

If you are receiving structured settlement payments from Genworth, you have probably noticed that your paperwork can be confusing. Your benefits letter might say “Genworth Life and Annuity Insurance Company.” Your contract might list “Jamestown Life Insurance Company” as the owner. The assignment paperwork might reference “Assigned Settlement, Inc.” All three names point to the same place: Genworth Financial, headquartered in Lynchburg, Virginia. We have worked with Genworth contracts and know exactly how their process works.

Understanding Your Genworth Contract

Genworth structured settlement contracts are single premium annuity contracts with no cash surrender value and no loan provision. You cannot call Genworth and ask to cash out your annuity or borrow against it. The only way to convert future payments into a lump sum is through a court-approved transfer to a licensed buyer like CSF. Every state has a Structured Settlement Protection Act that governs this process.

The Genworth Entity Structure

One of the most common questions we get from Genworth annuity holders is about the different entity names on their paperwork. Here is what each one means:

  • Genworth Life and Annuity Insurance Company — the actual annuity issuer. This is the company making your payments. Based in Lynchburg, Virginia.
  • Jamestown Life Insurance Company — a Genworth subsidiary that appears as the contract owner on many structured settlement annuities. If your VOB letter shows Jamestown Life as the owner, that is normal.
  • Assigned Settlement, Inc. — the entity that handled the qualified assignment under IRC Section 130(c). Located at 700 Main Street, Lynchburg, Virginia. They transferred the payment obligation from the original defendant's insurer to Genworth.

All three are part of Genworth Financial, Inc. Your contract number may start with a “K” followed by numbers, or it may be a purely numeric sequence. Either way, Genworth's customer service team can look it up.

How Genworth Annuity Payments Are Structured

We see several common payment patterns in Genworth contracts:

  • Life-contingent monthly payments: A fixed monthly amount paid “for as long as the annuitant shall live.” These are the most common Genworth structures we encounter. The payments stop when the annuitant passes away.
  • Life-contingent with COLA: Monthly payments that continue for life with a 3% annual cost-of-living adjustment. The increase typically kicks in on the anniversary of the first payment. These are more complex to value because the payment amount grows each year.
  • Guaranteed lump sum payments: One-time payments due on specific future dates, often increasing over time. We have seen Genworth contracts with step-up lump sums scheduled years apart.
  • Combination structures: Some Genworth contracts combine monthly life-contingent payments with scheduled lump sums on specific dates.

If your Genworth contract includes life-contingent payments, you will need to complete a health questionnaire as part of our valuation process. This helps us determine what we can offer. It is not a medical exam. Just a set of questions about your age and general health.

How to Get Your Genworth Benefits Letter (VOB)

Before we can give you an accurate quote, we need to verify your payment schedule with Genworth. Here is how to request your Verification of Benefits letter:

  • Phone: Call (888) 322-4629
  • Hours: Monday through Thursday 8:30 AM to 6:00 PM ET, Friday 9:00 AM to 6:00 PM ET
  • Fax: (434) 948-5440
  • Have ready: Your contract number and full name
  • Delivery: Genworth typically sends VOB letters via fax

If you cannot reach Genworth on your own or do not have your contract number, call us at (800) 317-3769 and we can request the VOB on your behalf. We do this for customers all the time. We will need you to sign a release authorization first, which takes about two minutes.

The Transfer Process for Genworth Annuities

  1. Get a free quote. Tell us about your Genworth payments and we will have an offer for you within 24 hours.
  2. Sign your paperwork. You can sign via DocuSign or with a notary we send to you at no cost. We can often advance you cash the same day.
  3. Court filing and notice. CSF prepares all court documents and notifies Genworth and other interested parties. The notice period runs 20 to 30 days depending on your state.
  4. Court hearing. A brief hearing where the judge confirms the sale is in your best interest. CSF handles all scheduling and legal presentation.
  5. Funding. After the court order is signed, funding can happen as quickly as one business day.

Genworth processes transfers through their annuity services department in Lynchburg, Virginia. They are generally responsive to court orders and process transfers without unusual delays.

Genworth's Financial Strength Ratings

One thing to be aware of: Genworth's financial strength ratings are lower than most other major structured settlement issuers. As of March 2026, Genworth Life and Annuity Insurance Company (the entity that issued your annuity) is rated B- by A.M. Best, which Best describes as a “fair ability to meet ongoing insurance obligations.” The parent company, Genworth Financial Inc., has an issuer credit rating of BB- from Standard & Poor's.

For comparison, most other structured settlement issuers (MetLife, Prudential, New York Life) carry A-range ratings. This does not mean Genworth will stop making your payments. They continue to honor all existing annuity obligations. That said, if the lower rating concerns you, it may be one more reason to consider converting future payments into a lump sum now rather than relying on payments decades into the future.

Why CSF for Genworth Annuities

  • We know Genworth's entity structure. Jamestown Life, Assigned Settlement, Inc., Genworth Life and Annuity — we have seen all of them and know how to reference each correctly in court filings.
  • Life-contingent expertise. Many Genworth contracts are life-contingent with COLA increases. We specialize in valuing these complex payment streams through our life-contingent payments program.
  • Transparent pricing. The amount we quote is the amount you receive. Not a penny less.
  • Cash advances available. Need money before the court process is complete? We can often advance funds the same day you sign.
  • 4,000+ transactions closed. We have the track record and funding partners to close your deal.

The fastest way to find out what your Genworth payments are worth is to call us at (800) 317-3769 or fill out the form on this page. There is no cost, no obligation, and no pressure. We want to earn your business.

Frequently Asked Questions

Can I sell my Genworth structured settlement?
Yes. You have the legal right to sell some or all of your future Genworth payments through a court-approved transfer. Every state has a Structured Settlement Protection Act that governs the process. CSF has purchased Genworth structured settlement payments and knows their process.
My contract says Jamestown Life Insurance. Is that Genworth?
Yes. Jamestown Life Insurance Company is a subsidiary of Genworth that appears as the contract owner on many structured settlement annuities. The annuity itself is issued by Genworth Life and Annuity Insurance Company. Both are part of Genworth Financial. Your contract number and payment obligations are the same regardless of which entity name appears on your paperwork.
How do I get a Verification of Benefits from Genworth?
Call Genworth customer service at (888) 322-4629 (Monday through Thursday 8:30 AM to 6 PM ET, Friday 9 AM to 6 PM ET). Have your contract number ready. You can also fax your request to (434) 948-5440. Genworth sends VOB letters via fax. CSF can request this on your behalf once you sign a release authorization.
Does Genworth allow partial sales?
Yes. You can sell a specific number of payments, a portion of each payment, or all of your payments. Genworth processes the transfer based on whatever the court order specifies. We see many customers sell just enough to cover an immediate expense while keeping the rest of their income stream.
How long does a Genworth transfer take?
Most Genworth transfers close in 30 to 60 days. Genworth is based in Lynchburg, Virginia and processes structured settlement transfers through their annuity services department. The majority of the timeline depends on your state's court scheduling.
Can I sell life-contingent Genworth payments?
Yes. Many Genworth contracts include life-contingent payments, sometimes with a 3% annual cost-of-living adjustment. CSF specializes in purchasing life-contingent payments and can value even the most complex Genworth payment structures.
What is Assigned Settlement, Inc.?
Assigned Settlement, Inc. is the entity that handled the qualified assignment of your structured settlement to Genworth. They are located at 700 Main Street, Lynchburg, Virginia. This is standard in structured settlement transactions where the defendant's obligation is assigned to a third party who then funds it through an annuity.