Sell Your Life Insurance

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

What Exactly is a Life Settlement?

A simple definition of a life settlement is: the selling of an existing insurance policy to an investor for an upfront cash settlement. The coverage plan owner is paid a cash payout that is more than the policy’s cash value, yet still less than the policy’s benefit. Once the life insurance plan is handed over, the purchaser is the new rightful owner on the policy and also must assume responsibility for ongoing costs. The policyholder gets the up-front payment, while the person making the investment takes over the lump sum benefit once the insured person eventually passes away.

In the state of MO., life settlements are administered through the Missouri Department of Insurance, and you should take a look at the website to be very certain you have found a properly licensed firm. Licensing as a life settlement provider in the great state of Missouri is not required.

Interested in How It Works?

Once a policy owner decides that they are ready to move on from their insurance asset, a life settlement offers a good option to terminating the standing policy and relinquishing it back to the insuring company. Often, the value of the insurance policy is more than the amount likely to be received if it were surrendered back. In choosing to work with a certified firm, the policyholder offers the policy up to a bustling market where investors may bid on policies offered for sale. The accredited life settlement provider will oversee the whole sales process, from inviting offers from investors, to working with the policyholder to finish the policy sale closing process. And lastly, all sales are finalized with an escrow agent, as an additional level of protection for the policy seller. Typically, the policy sale cycle can be finished within 30 to 60 days dating from the initial inquiry.

We Can Help You Achieve Your Financial Benchmarks

Life settlement transactions are involved and do require detailed knowledge and experience to help you find the right fit.

You can start now with your NO OBLIGATION plan assessment through our top industry partner!

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Requirements for the Life Settlement Process

  • Missouri 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 very best in the life settlement industry. Here are several illustrations of what we have delivered.

  • 71 year-old woman having a $3,000,000 plan. The policy had no cash value in the policy and the woman’s next payment was scheduled as $89,580. Her life insurance policy was acquired for $435,000.

  • A 76 year-old client insured with a $1,002,592 policy. With only $2,592 cash value in the plan, the monthly outlay was going to prompt the plan 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 with a $700,000 plan. The owner of the policy was prepared to let the life insurance policy lapse because it wasn’t needed anymore. His advisor recommended that he search for a life settlement valuation and his life insurance policy was procured for $140,000.

Other Missouri Resources and Information

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

Who Regulates Life Settlements In Missouri?
Changing Face Of Viatical Settlements
About Missouri

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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