Sell Your Life Insurance
The definition of a life settlement is the disposal of your life insurance to someone for a one-time cash amount. The life insurance plan policyholder is given a payment that is greater than the plan’s cash value, but still less than the plan’s benefit at maturity. Once the coverage is sold, the investor becomes the legal beneficiary on the plan and naturally will assume the duty for the ongoing premiums. The person selling their policy gets paid for the policy, while the purchasing party takes over the lump sum benefit once the insured party does indeed pass.
In the state of NV., life settlement policy are regulated under the auspices of the Nevada Division of Insurance, and it’s a good idea to check the official website to be very certain you are working with a certified firm. Q Capital is a licensed life settlement provider in the great state of Nevada.
When the policy owner takes the decision that they are ready to give up their asset, a life settlement is an alternative option to closing the standing policy and surrendering it back to the life insurance company. Oftentimes, the value of the insurance policy is greater than the actual amount to be received if it were just lapsed back to the insurer. Doing business with a properly licensed firm, the policy owner offers the policy up to a regulated marketplace where investors can bid on policies offered for sale. The licensed life settlement provider can watch over the whole process, from soliciting offers from potential investors, to coordinating with the owner to finish the sale closing procedure. Finally, all sales are closed with an escrow agent, as an added layer of assurance for the insurance policy seller. Often, the sale of a policy can be finished in 30 to 60 days starting from initial inquiry.
Life settlement negotiations are complex and mandate extensive knowledge and expertise to find the best option.
Get started today with your no obligation policy evaluation through our distinguished industry partner!
Once the policy has been received with all of the required information, the life settlement process continues as follows:
Our partners are the very best in the life settlement industry. Here are several illustrations of results we have delivered.
A 71 year old female insured on a $3,000,000 life insurance plan. The plan had no cash value in the policy and the woman’s next premium would have been $89,580. Her plan was acquired for $435,000.
A 76 year-old client owning a $1,002,592 policy. With only $2,592 cash value in the life insurance plan, the monthly expense was going to drive the policy to lapse. We were able to recruit a buyer who paid the trust $116,000 for the plan.
A 76 year old male insured with a $700,000 life insurance policy. The policy owner was prepared to let the plan lapse since the plan was no longer needed. His advisor instructed him to search for a life settlement valuation and his plan was acquired for $140,000.
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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