Sell Your Life Insurance

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.

We Can Help You To Reach Your Financial Goals

Life settlement agreements are involved and do require detailed knowledge and experience to find a good fit for you.

Start now with your no obligation plan assessment through our premier partner!

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Requirements for the Life Settlement Process

  • Colorado 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 handful of case histories of results we have accomplished.

  • A 71 year old female owning a $3,000,000 life insurance policy. The plan had zero cash value in the policy and our client’s next premium payment would have been $89,580. Her life insurance plan was bought out for $435,000.
  • A 76 year-old man insured on a $1,002,592 policy. With only $2,592 cash value in the policy, the monthly expense was going to prompt the life insurance plan to lapse. We were able to find a purchase who remunerated the trust $116,000 for the life insurance plan.
  • A 76 year-old client owning a $700,000 life insurance policy. The insured was prepared to let the life insurance policy lapse because it had become unnecessary. The man’s advisor suggested that the man should seek out a life settlement evaluation and his plan was bought for $140,000.

Other Colorado Resources and Information

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

Colorado Revised Statutes – Viatical Settlements
Life Settlement Solutions Granted Licensing in Colorado
About Colorado

Forbes
LISA
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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