Sell Your Life Insurance

Why surrender your insurance when you can gain the financial benefits of a life settlement in Arizona?

Want a simple life settlement definition?

The common definition of a life settlement is: the selling of a person’s coverage to someone else for a one-time purchase fee. The life insurance owner is provided with an amount that is higher than the cash value, but still less than the indemnity. After the life insurance policy is given over, the purchaser is now the new owner on the plan and naturally will assume all responsibility for ongoing repayments. The policy seller gets paid for the policy, and the purchasing party receives the lump sum benefit once the insured party has passed.

In the state of AZ., life settlements are managed through the Arizona Department of Insurance, and you really should check the regulator’s site to be absolutely certain you deal with a certified firm. Q Capital is a licensed life settlement provider in the great state of Arizona.

Interested in how it works?

Once a policyholder decides that they are ready to give up the asset, a life settlement offers an attractive option to concluding the standing policy and surrendering it to the life insurance company. Often, the policy cash value is higher than the amount to be received if it were suddenly lapsed back. Deciding to work with a sanctioned firm, the policy owner can take the policy to a bustling market where institutional investors are able to bid on policies. At that point the licensed life settlement provider will oversee the complete process, from receiving offers from potential investors, to coordinating with the policyholder to finalize the sale closing procedure. Finally, all sales are finalized with an escrow agent, providing an added layer of safety for the life insurance policy seller. More often than not, the policy sale transaction can be wrapped up in about thirty to sixty days from the initial request.

We Can Help You To Achieve Your Financial Benchmarks

Life settlement negotiations are involved and require detailed knowledge and expertise to tailor the best option.

Start today with your absolutely no obligation policy evaluation from our prime partner!

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Requirements for the Life Settlement Process

  • Arizona Life Settlement Application – personal, life insurance, medical, and policy info.
  • HIPAA Authorization
  • Life Insurance Policy Information Release
  • Medical Records/APS – The insured(s) complete medical records fromt he past five (5) years.
  • In-Force Illustration – obtained from the issuing insurance company

Once the policy has been received with all of the required information, the life settlement process continues as follows:

  • Policy Verification
  • Purchase Procedure
  • Closing

Case Studies

Q Capital Strategies’ partners are at the zenith in the life settlement industry. Here are a few examples of concrete results we have delivered.

  • 71 year old female owning a $3,000,000 plan. The policy had no cash value in the policy and the woman’s next premium would be $89,580. Her life insurance policy was bought for $435,000.
  • A 76 year-old male insured on a $1,002,592 policy. With only $2,592 remaining value in the plan, the monthly financial burden was going to drive the policy to lapse. We located a buyer who compensated the trust $116,000 for the life insurance policy.
  • A 76 year-old male insured with a $700,000 life insurance policy. The policy owner was making plans to let the life insurance policy lapse because it wasn’t needed anymore. Our client’s financial adviser instructed him to seek a life settlement assessment and his plan was procured for $140,000.

Other Arizona Resources and Information

Here are links to other sites that have legal, financial or other information relevant to the state of Arizona:

Viatical or Life Settlements
Senate Bill 1461
10 Things to Know About Arizona

Think Advisor
Business Wire

Helping people meet life’s challenges head-on.

Tell us a little about your situation and we’ll help you assess whether a life settlement is right for you. 

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