Life settlements are a newly emerging and quickly growing marketplace within the life insurance industry. Over the past few years, life settlement companies have begun to see an enormous opportunity in providing a viable financial alternative to life insurance policy owners looking to sell their life insurance policies for cash. The opportunity exists for policy owners – individuals, companies, trusts, partnerships, and others – whose policies insure people over the age of 60. Previously, the only alternatives available to life insurance policy owners were to let a policy lapse or, if possible, surrender a policy to the life insurance company for the policy’s cash value. What has emerged through the life settlement process is, in many cases, a more lucrative offer to settle the policy with a third-party for an amount in excess of all other alternatives.
Q Capital purchases life insurance policies with a face value in the range of $100,000 to $10,000,000 that insure the lives of U.S. residents over the age of 60. We purchase various types of life insurance products, including universal life, variable life, whole life, convertible term, and survivorship policies. Currently, our distribution channels are qualifying approximately $2.5 billion face value of life insurance policies eligible for settlement on a monthly basis. For more about our policy origination capabilities and product offerings, please click here.
Q Capital also offers a full range of servicing and asset management activities for life insurance policy owners, whether such policies were acquired via a life settlement or otherwise. These services include policy maintenance and premium payment, life tracking, updating medical information, and policy collections. For more about our servicing and asset management capabilities and product offerings, please click here.