Sell Your Life Insurance

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

Here’s a Simple Life Settlement Definition

The definition of a life settlement is: the disposal of your life insurance to a third-party for a one-time purchase fee. The life insurance owner is paid a payment that is more than the cash worth, yet less than the plan’s benefit at maturity. After the insurance coverage is given over, the investor becomes the new owner on the plan and naturally must assume all obligations for the ongoing repayments. The policyholder gets the up-front payment, while the person buying the policy officially receives the death benefit once the insured person has passed away.

In DC., life settlement policy are regulated through the DC Department of Insurance, Securities and Banking, and you ought to look at the site to make sure that you are working with a licensed company. No license is needed as a life settlement provider in DC.

How the Process Works

When a owner of the policy decides that it no longer makes sense to own the current insurance policy, a life settlement may be an option to terminating the standing policy and relinquishing it back to the insurer. Often, the policy cash value is greater than the amount likely to be received if the extant insurance policy were simply surrendered back or lapsed back the insurance company. Deciding to work with an authorized company, the owner makes the policy available to a regulated marketplace where organized investors bid on policies. At which point the sanctioned life settlement provider can oversee the whole process, from receiving offers from various investors, to collaborating and working with the policy owner to finalize the sale closing procedure. Lastly, all policy sales are finalized with an escrow agent, as an additional level of protection for the life insurance policy seller. Many times, the sales transaction procedure can be wrapped up in 30 to 60 days starting from the initial request.

Let Us Help You Reach Your Financial Benchmarks

Life settlement negotiations are intricate and necessitate extensive knowledge and experience to assess all the options.

You can start now with your NO OBLIGATION plan valuation through our premier partner!

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Requirements for the Life Settlement Process

  • DC 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 best in the life settlement industry. Here are a handful of examples of concrete results we have accomplished.

  • A 71 year-old female insured on a $3,000,000 life insurance policy. There was no cash value in the policy and the woman’s next payment was $89,580. Her policy was bought for $435,000.

  • A 76 year old man with a $1,002,592 policy. With only $2,592 cash value in the life insurance plan, the monthly burden was going to prompt the life insurance policy to lapse. We were able to locate a purchase who remunerated the trust $116,000 for the life insurance plan.

  • A 76 year old man insured on a $700,000 life insurance plan. The owner of the plan was making plans to let the policy lapse since it had become unnecessary. The man’s advisor recommended that he seek a life settlement valuation and his life insurance plan was picked up for $140,000.

Other District of Columbia Resources and Information

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

D.C. Municipal Regulations
D.C. Hosts Life Settlement Event
About District of Columbia

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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