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

Simple Life Settlement Definition

The definition of a life settlement is the selling of a prevailing insurance policy to someone in exchange for a one-time buyout. The life assurance policyholder is provided with a payment that is greater than the cash value, yet less than the plan’s survivor benefit. Once the insurance coverage is turned over, the investor is the new rightful owner on the policy and assumes responsibility for the ongoing premiums. The seller receives payment at the sale price, while the investor making the purchase gets the death benefit when the insured person is deceased.

In CO., life settlement policy are managed by the Colorado Division of Insurance, and you should check the site to make sure that you are dealing with an approved company. Q Capital is a licensed life settlement provider in the great state of Colorado.

A Short Take On How It Works

When the policy owner decides that they are looking to give up their asset, a life settlement may be an attractive option to quitting the policy and relinquishing it back to the insurer. Many times, the value of the policy is more than the amount that would be received if it were just surrendered. Working with an authorized firm, the policy owner can take the policy to a regulated marketplace where investors are able to bid on policies. At that point the accredited life settlement provider can oversee the overall sales process, from receiving offers from various investors, to coordinating with the policyholder to complete the policy-sale closing procedure. And lastly, all insurance policy sales are finalized with an escrow agent, providing an extra level of safety for the life insurance policy seller. Often, the policy sale transaction can be completed in about 30 to 60 days starting from initial request.