Sell Your Life Insurance

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

A Quick Explanation of Life Settlements

A simple definition of a life settlement is: the selling of an existing life assurance to an interested party for a one-time cash payment. The insurance policy owner is paid an amount that is more than the policy’s cash value, yet still less than the policy’s benefit at maturity. Once the coverage plan is given over, the purchaser becomes the rightful beneficiary on the plan and naturally assumes all obligations for future repayments. The policyholder gets paid for the policy, and the buyer takes possession of the lump sum benefit once the insured eventually passes.

In NC., life settlements are governed through the North Carolina Department of Insurance, and we believe it’s best to check the official website to make sure you work with an approved firm. Q Capital is a licensed life settlement provider in North Carolina.

Interested in How It Works?

After the policy owner takes the decision that they are looking to give up their current insurance policy, a life settlement is an attractive option to expiring the policy and surrendering it to the insuring company. Many times, the value of the insurance policy is more than the actual amount likely to be received if it were to be lapsed back to the company. In choosing to work with a properly licensed company, the owner can take the policy to a fair marketplace where institutional investors bid on insurance policies. At which point the accredited life settlement provider can oversee the complete process, from inviting offers from various investors, to collaborating with the owner of the policy to finish the sale closing procedure. Lastly, all sales are closed with an escrow agent, as an extra level of safety for the life insurance policy seller. Typically, the sale of a policy can be wrapped up in about thirty to sixty days dating from the initial request.

We Can Help You Achieve Your Financial Goals

Life settlement negotiations are complex and depends on specific knowledge and experience to find a great fit.

Start now with your absolutely No Obligation policy appraisement with our principal industry partner!

Get In Touch

Requirements for the Life Settlement Process

  • North Carolina 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 best in the life settlement industry. Here are a handful of examples of results we have accomplished.

  • 71 year old client having a $3,000,000 plan. There was no cash value in the policy and the woman’s next premium payment was set at $89,580. Her plan was purchased for $435,000.

  • 76 year-old male insured on a $1,002,592 policy. With only $2,592 remaining value in the policy, the monthly associated cost was going to prompt the plan to lapse. We were able to recruit a purchase who compensated the trust $116,000 for the life insurance plan.

  • A 76 year old male insured on a $700,000 life insurance policy. The insured was preparing to let the plan lapse because it wasn’t needed anymore. Our client’s financial adviser suggested that the man should seek a life settlement evaluation and his life insurance policy was bought out for $140,000.

Other North Carolina Resources and Information

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

NC Dept Of Ins Company Licensing
Viatical Settlements Code (PDF)
About North Carolina

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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