Sell Your Life Insurance

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

Simple Life Settlement Definition

A simple definition of a life settlement is: the selling of a prevailing coverage plan to an investor in exchange for an upfront cash payment. The life insurance policyholder is given a payment that is above the cash worth, but less than the plan’s benefit. Once the coverage is transferred, the investor is now the new beneficiary on the policy and naturally assumes all obligations for future repayments. The person selling their policy receives payment at the sale price, while the person making the purchase gets the lump sum benefit once the insured party does pass.

In the state of KS., life settlement policy are governed through the Kansas Insurance Department, and you should check the official website to be very certain that you are working with a properly licensed firm. Q Capital is a licensed life settlement provider in Kansas (through our sister company LSS).

A Brief Description of How it Works

Once a policyholder decides that they are willing to give up the policy, a life settlement is an attractive option to quitting the standing life insurance policy and surrendering it back to the life insurance company. In a large number of cases, the policy value is more than the total amount that would be received if it were suddenly lapsed back to the company. Making the decision to work with a sanctioned firm, the owner can take the policy to a competitive market where institutional investors are able to bid on policies offered up for auction. The accredited life settlement provider can watch over the entire sales process, from soliciting offers from potential investors, to coordinating with the policy owner to finalize the policy sale closing procedure. Finally, all policy sales are closed with an escrow agent, providing an additional level of safety for the insurance policy seller. Many times, the policy sale cycle can be completed within a month or two starting from the initial request.

We Can Help You Reach Your Financial Benchmarks

Life settlement deals are tricky and mandate specific knowledge and experience to find a good fit for you.

You can start now with your NO OBLIGATION policy valuation with our topflight industry partner!

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Requirements for the Life Settlement Process

  • Kansas 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 absolute top in the life settlement industry. Here are a handful of examples of results we have accomplished.

  • A 71 year old female having a $3,000,000 life insurance plan. The policy had no cash value in the policy and her next premium payment was $89,580. Her life insurance policy was picked up for $435,000.

  • A 76 year-old client owning a $1,002,592 policy. With only $2,592 remaining value in the policy, the monthly outlay was going to drive the plan to lapse. We were able to locate a buyer who compensated the trust $116,000 for the life insurance policy.

  • 76 year old man with a $700,000 life insurance plan. The owner of the policy was making plans to let the policy lapse because the plan was no longer needed. The man’s advisor instructed him to search for a life settlement valuation and his life insurance policy was procured for $140,000.

Other Kansas Resources and Information

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

Kansas State Legislature Viatical Settlements
Kansas City Star – Life Settlements Can Be A Lifeline
Life Settlements Task Force (PDF)
History.com On Kansas

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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