Sell Your Life Insurance

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

A Quick Explanation of Life Settlements

A simple definition of a life settlement is: the selling of a prevailing life insurance plan to a third-party in exchange for an upfront agreed upon amount. The coverage plan owner is paid a cash payout that is greater than the policy’s cash value, yet still less than the plan’s survivor benefit. After the insurance coverage is relinquished, the purchaser becomes the new owner on the plan and also assumes all responsibility for future costs. The seller receives the cash stipend, while the investor making the purchase receives the final payout when the insured person eventually passes.

In the state of OR., life settlements are administered under the auspices of the Oregon Division of Financial Regulation, and it’s a good idea to check the official website to make absolutely sure that you are working with a certified company. Q Capital is a licensed life settlement provider in Oregon.

Quick Take on How It Works

After the policyholder decides that they are looking to give up their insurance asset, a life settlement may be an option to quitting the standing policy and surrendering it back to the insurance company. In many cases, the insurance policy value is higher than the actual amount likely to be received if it were lapsed. Choosing to work with a sanctioned company, the policy owner offers the policy up to a regulated marketplace where investors bid on policies offered for sale. The sanctioned life settlement provider can watch over the entire process, from inviting offers from various investors, to collaborating with the policy owner to finish the sale closing process. And finally, sales are finalized with an escrow agent, providing an additional layer of assurance for the insurance policy seller. More often than not, the policy sale cycle can be finished in about 30 to 60 days from initial inquiry.

Let Us Help You Reach Your Financial Benchmarks

Life settlement deals are complicated and need specific knowledge and expertise to find the perfect fit.

Get started today with your no obligation policy assessment from our principal industry partner!

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Requirements for the Life Settlement Process

  • Oregon 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 absolute best in the life settlement industry. Here are several illustrations of what we have accomplished.

  • A 71 year old woman having a $3,000,000 plan. There was no cash value in the policy and the woman’s next premium payment would have been $89,580. Her policy was picked up for $435,000.

  • A 76 year old client in possession of a $1,002,592 policy. With only $2,592 remaining value in the policy, the monthly cost was going to drive the life insurance plan to lapse. We recruited a purchase who paid the trust $116,000 for the plan.

  • A 76 year old man insured with a $700,000 policy. The owner of the policy was fully prepared to let the life insurance plan lapse since the plan was no longer needed. His financial adviser recommended that he seek a life settlement valuation and his plan was bought for $140,000.

Other Oregon Resources and Information

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

Oregon Legislature Rules
Life Settlement Contract Requirements
About Oregon

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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