Sell Your Life Insurance

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

What Exactly is a Life Settlement?

A life settlement is: the sale of a prevailing policy of insurance to an interested person in exchange for a one-time purchase fee. The life assurance policyholder is given a payout that is higher than the cash worth, yet less than the plan’s survivor benefit. After the insurance policy is turned over, the investor is the new rightful beneficiary on the policy and must assume responsibility for ongoing costs. The seller receives the cash stipend, and institutional or private investor becomes the possessor of the death benefit when the insured party passes away.

In the state of KY., life settlement policy are governed under the auspices of the Kentucky Department of Insurance, and you really should check the official site to make absolutely sure that you are dealing with an approved firm. Q Capital is a licensed life settlement provider in the great state of Kentucky.

How Does a Life Settlement Work?

Once a policyholder takes the decision that it no longer makes sense to own the existing insurance policy, a life settlement is an alternative option to quitting the standing life insurance policy and relinquishing it to the insurance company. In many cases, the insurance policy value is more than the amount likely to be received if it were to be lapsed. In choosing to work with a licensed firm, the policyholder makes the policy available to a fair marketplace where institutional investors bid on policies. Then the sanctioned life settlement provider can watch over the overall process, from soliciting bids from potential investors, to working with the policy owner to finish the sale closing process. And finally, policy sales are closed with an escrow agent, providing an extra level of safety for the life insurance policy seller. Typically, the policy sale cycle can be finished within 30 to 60 days dating from the initial request.

Let Us Help You Achieve Your Goals

Life settlement deals are complicated and need detailed knowledge and expertise to help you find the right fit.

Get started today with a absolutely No Obligation policy evaluation through our premier industry partner!

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Requirements for the Life Settlement Process

  • Kentucky 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 tops in the life settlement industry. Here are several examples of concrete results we have produced.

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

  • A 76 year-old male insured on a $1,002,592 policy. With only $2,592 value in the policy, the monthly burdensome expense was going to cause the policy to lapse. We were able to recruit a buyer who paid the trust $116,000 for the life insurance policy.

  • A 76 year old man insured with a $700,000 life insurance plan. The insured was making ready to let the plan lapse because it wasn’t needed anymore. The man’s advisor recommended that he seek a life settlement valuation and his life insurance plan was bought for $140,000.

Other Kentucky Resources and Information

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