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

Want a simple life settlement definition?

The common definition of a life settlement is: the selling of a person’s coverage to someone else for a one-time purchase fee. The life insurance owner is provided with an amount that is higher than the cash value, but still less than the indemnity. After the life insurance policy is given over, the purchaser is now the new owner on the plan and naturally will assume all responsibility for ongoing repayments. The policy seller gets paid for the policy, and the purchasing party receives the lump sum benefit once the insured party has passed.

In the state of AZ., life settlements are managed through the Arizona Department of Insurance, and you really should check the regulator’s site to be absolutely certain you deal with a certified firm. Q Capital is a licensed life settlement provider in the great state of Arizona.

Interested in how it works?

Once a policyholder decides that they are ready to give up the asset, a life settlement offers an attractive option to concluding the standing policy and surrendering it to the life insurance company. Often, the policy cash value is higher than the amount to be received if it were suddenly lapsed back. Deciding to work with a sanctioned firm, the policy owner can take the policy to a bustling market where institutional investors are able to bid on policies. At that point the licensed life settlement provider will oversee the complete process, from receiving offers from potential investors, to coordinating with the policyholder to finalize the sale closing procedure. Finally, all sales are finalized with an escrow agent, providing an added layer of safety for the life insurance policy seller. More often than not, the policy sale transaction can be wrapped up in about thirty to sixty days from the initial request.