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

Simple Life Settlement Definition

A life settlement is: the disposal of a prevailing life insurance plan to an interested party in exchange for a one-time cash buyout. The insurance coverage owner is provided with an amount that is more than the plan’s cash value, but less than the policy’s benefit. Once the life insurance policy is relinquished, the investor becomes the new owner on the policy and also assumes the obligation for ongoing repayments. The policy seller receives payment at the sale price, while the purchasing party gets the lump-sum payout when the insured person has passed.

In the state of CA., life settlements are governed under the auspices of the California Department of Insurance, and you ought to check the regulator’s site to make sure you are working with a sanctioned firm. Q Capital is a licensed life settlement provider (through its sister company, LSS) in the state of California.

The Process in Brief

After the policyholder decides that they are ready to relinquish their asset, a life settlement may be an option to ceasing the standing policy and relinquishing it to the insurer. Oftentimes, the value of the policy is greater than the actual amount that would be received if it were to be lapsed back to the insurer. Deciding to work with an approved firm, the policy owner can take the policy to a controlled marketplace where established investors may bid on life insurance policies. At that point the sanctioned life settlement provider can manage the whole process, from soliciting offers from potential investors, to collaborating and working with the owner of the policy to complete the sale closing process. And finally, policy sales are closed with an escrow agent, as an additional level of assurance for the life insurance policy seller. More often than not, the sales transaction procedure can be finished in about 30 to 60 days starting from the initial inquiry.