All About Life Settlements
Every day more seniors (and their caretakers) are discovering the benefits of tapping the hidden value of their life insurance policy through a life settlement. As insurance premiums escalate over time, and as medical and retirement living costs rise, life settlements can provide a qualified senior significant value.
The top five questions we get from clients across the country
A: A Life Settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. Depending on the state, a Life Settlement usually refers to a transaction involving an insured who is not terminally or chronically ill, generally over the age of sixty (60). See our article “All About Life Settlements” for a thorough discussion.
A: Q Capital purchases life insurance policies with a face value in the range of $100,000 to $10,000,000 that insure the lives of U.S. residents over the age of 60.
A: Most types of life insurance policies can qualify; however, the most common are universal life, survivorship, whole life, convertible term, and variable life.
A: The value of a life insurance policy is determined by a number of factors, including, but not limited to, the age and medical condition of the insured, type of insurance policy, rating of the issuing insurance company, and amount of premium payments to keep the life insurance policy in force.
A: No, there are no restrictions on use of the funds – the money is yours to spend as you like.
Tell us a little about your situation and we’ll help you assess whether a life settlement is right for you.