Sell Your Life Insurance

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

A quick explanation of life settlements.

One definition of a life settlement is the sale of a prevailing coverage to a third-party for a one-time payment. The life policy owner is provided with a cash payout that is greater than the policy’s cash value, yet less than the indemnity. Once the insurance coverage is transferred, the investor is now the new beneficiary on the policy and will assume the obligations for future costs. The policy seller receives the payment for their policy, while the person making the investment officially receives the lump-sum payout when the insured party has passed away.

In AR., life settlements are administered through the Arkansas Insurance Department, and you ought to look at the official site to make sure that you are working with an approved firm. Q Capital is licensed as a life settlement provider in the state of Arkansas.

How does it work?

When the policy owner decides that it no longer makes sense to own the asset, a life settlement offers a good option to discontinuing the standing life insurance policy and surrendering it back to the life insurance company. In a large number of cases, the value of the insurance policy is more than the actual amount likely to be received if it were lapsed back the insurance company. Making the decision to work with a certified firm, the policy owner offers the policy up to a controlled marketplace where established investors can bid on policies offered for sale. At which point the licensed life settlement provider can oversee the whole sales process, from soliciting bids from investors, to coordinating with the policyholder to finish the policy sale closing process. And lastly, all policy sales are finalized with an escrow agent, providing an additional layer of safety for the insurance policy seller. Often, the sale of a policy can be completed in 30 to 60 days starting from initial request.

We Can Help You Reach Your Goals

Life settlement deals are intricate and depends on specific knowledge and experience to assess the options.

Get started today with a absolutely No Obligation plan valuation through our top partner!

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Requirements for the Life Settlement Process

  • Arkansas 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 the very best in the life settlement industry. Here are a number of examples of concrete results we have delivered.

  • A 71 year-old woman having a $3,000,000 plan. The plan had zero cash value in the policy and our client’s next payment was $89,580. Her plan was procured for $435,000.
  • A 76 year-old client with a $1,002,592 policy. With only $2,592 remaining cash value in the life insurance plan, the monthly outlay was going to drive the plan to lapse. We were able to find a buyer who paid the trust $116,000 for the life insurance policy.
  • 76 year old male having a $700,000 policy. The owner was making plans to let the plan lapse because it wasn’t needed anymore. Our client’s financial adviser recommended that he seek out a life settlement valuation and his plan was bought out for $140,000.

Other Arkansas Resources and Information

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

Arkansas Life Settlement Forms
Arkansas Code – Life Settlements Act
About Arkansas

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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