Sell Your Life Insurance

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

What in the world is a life settlement? Life settlements in a nutshell.

One definition of a life settlement is: the disposal of an existing coverage plan to someone else in exchange for a one-time cash settlement. The insurance policy owner is provided with a payout that is above the cash worth, but less than the policy’s survivor benefit. Once the life policy is relinquished, the buyer is the new rightful owner on the policy and naturally assumes the duty for the ongoing premiums. The person selling their policy gets the payment, and the buying party officially receives the lump sum benefit when the insured party passes. In GA., life settlement policy are controlled under the auspices of the Georgia Office of Insurance and Safety Fire Commissioner, and you should take a look at the website to be absolutely certain you work with an approved firm. Q Capital is licensed as a life settlement provider in the state of Georgia (through our sister company LSS).

Short take on how it works.

When a policyholder takes the decision that they are ready to relinquish the insurance policy, a life settlement may be an option to discontinuing the standing policy and surrendering it back to the insuring company. Oftentimes, the policy value is higher than the amount to be received if it were lapsed back the insurance company. Working with an approved firm, the policy owner makes the policy available to a fair marketplace where investors can bid on insurance policies. At that point the accredited life settlement provider can guide the complete sales process, from inviting offers from various investors, to working with the policyholder to finish the sale closing process. And finally, all sales are finalized with an escrow agent, providing an added layer of safety for the insurance policy seller. Many times, the policy sale cycle can be finished in about 30 to 60 days from initial inquiry.

Let Us Help You To Reach Your Financial Goals

Life settlement negotiations are tricky and can require extensive knowledge and expertise to find and evaluate a solution.

You can start now with your absolutely no obligation policy assessment through our top industry partner!

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Requirements for the Life Settlement Process

  • Georgia 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’s partners are the absolute best in the life settlement industry. Here are several examples of what we have accomplished.

  • A 71 year old woman insured on a $3,000,000 plan. The plan had no cash value in the policy and our client’s next premium was $89,580. Her life insurance plan was acquired for $435,000.

  • A 76 year-old male having a $1,002,592 policy. With only $2,592 remaining value in the life insurance plan, the monthly associated cost was going to cause the life insurance policy to lapse. We were able to recruit a purchase who remunerated the trust $116,000 for the life insurance plan.

  • 76 year old client with a $700,000 policy. The owner of the policy was making plans to let the life insurance policy lapse because it had become unnecessary. Our client’s financial advisor instructed him to search for a life settlement evaluation and his life insurance plan was bought for $140,000.

Other Georgia Resources and Information

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

Georgia Code – Life Settlements
Life Settlement Disclosure Law
About Georgia

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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