Sell Your Life Insurance

Why Surrender Your Insurance When You Can Enjoy The Financial Benefits Of A Life Settlement In Iowa?

Here’s a Simple Life Settlement Definition

The definition of a life settlement is the sale of an existing life insurance plan to a third-party in exchange for an upfront agreed amount. The insurance coverage owner is provided with a cash payout that is well above the cash worth, yet less than the survivor benefit. After the insurance policy is relinquished, the purchasing party becomes the legal beneficiary on the plan and naturally will assume all responsibilities for ongoing payments. The person selling their policy receives the agreed amount of money for the policy, and the person making the investment becomes the possessor of the death benefit when the insured person eventually passes.

In IA., life settlement policy are regulated through the Iowa Insurance Division, and you should take a look at the website to be certain you are dealing with an approved company. Q Capital is licensed as a life settlement provider in Iowa.

A Brief Description of How it Works

When a policy owner takes the decision that they want to give up their existing policy, a life settlement offers a good alternative to lapsing the standing policy and surrendering it to the insuring company. In many circumstances, the policy cash value is greater than the actual amount that would be received if it were surrendered. In choosing to work with a sanctioned firm, the owner offers the policy up to a bustling marketplace where institutional investors bid on life insurance policies. At which point the accredited life settlement provider can manage the complete process, from soliciting offers from potential investors, to collaborating and working with the owner of the policy to finalize the sale closing procedure. Finally, all sales are finalized with an escrow agent, providing an added layer of safety for the policy seller. Often, the sale of a policy can be finished in about 30 to 60 days starting from initial inquiry.

We Can Help You To Reach Your Goals

Life settlement transactions are involved and need specific knowledge and expertise to find a solution.

Don’t wait to get started with your absolutely No Obligation plan valuation from our prime industry partner!

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Requirements for the Life Settlement Process

  • Iowa 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

Our partners are the best in the life settlement industry. Here are a few examples of concrete results we have produced.

  • 71 year-old client with a $3,000,000 plan. The insurance policy had zero cash value in the policy and the woman’s next premium payment was set at $89,580. Her life insurance plan was picked up for $435,000.

  • A 76 year-old male having a $1,002,592 policy. With only $2,592 value in the life insurance plan, the monthly expense was going to prompt the plan to lapse. We located a purchase who remunerated the trust $116,000 for the policy.

  • 76 year old man in possession of a $700,000 policy. The owner was fully ready to let the life insurance plan lapse since it had become unnecessary. His financial adviser instructed him to seek out a life settlement valuation and his life insurance policy was acquired for $140,000.

Other Iowa Resources and Information

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

Viatical Settlement Contracts
Viatical and Life Settlements (PDF)
About Iowa

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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