Q Life Settlments Blog
October 12, 2019
Term life insurance is by far the most common form of life insurance in the United States, and many term policy holders wonder if a term policy could be eligible for a life settlement. In fact, many people assume that because there is no cash value in a term policy that it automatically would be disqualified for a life settlement consideration. Term policies actually are eligible for a life settlement, and in fact can be better than a permanent form of life insurance!
September 27, 2019
Most permanent forms of life insurance have a feature built into them which grows the value of the policy over time, known as the Account or Cash Value. These types of policies include Whole Life, Universal Life and its variants- Indexed Universal Life and Variable Universal Life. A policy holder with any of these types of policies may be able to leverage the accumulated value of the policy to take a loan against the value, withdraw some or all of the value, pay the policy’s premium with it, or surrender the policy back to the insurance company for some amount of the account value (in some instances for the full cash value). But what is the difference between account, or cash value, and the cash surrender value?
September 14, 2019
Long Term Care insurance is an invaluable insurance product for an aging individual, but unfortunately by the time a person thinks they may in fact need such a policy it is far too late to take a LTC insurance policy out. At that point, even if the individual can pass the medical underwriting, the premiums will be unaffordable. Here are some ways to cover Long Term Care needs with a LTC insurance policy isn’t an option:
August 30, 2019
A study completed by the Population Reference Bureau titled Aging in the United States highlights some remarkable trends in the US population.
August 19, 2019
In our previous installment, we discussed the two main categories of life insurance: permanent life insurance and term life insurance, but that really just scratches the surface. There are many variations of both of the main types of life insurance policies, in this article we will break down some of the more common variations.
August 6, 2019
At Q Life Settlements we are often asked which type of life insurance is best for a life settlement consideration. Not only do the many different types of life insurance products out there cause confusion, the terms that insurance companies use to describe their products may differ from one company to another. In this article we will discuss the two fundamental types of life insurance: Term and Permanent life insurance, but each category has a handful of subtypes that we will cover soon in our next installment.
July 20, 2019
Life insurance is a critical protection for many policy holders when they take out their policy – it can help protect a business, a young family, or ensure a mortgage can be paid off for example. But for many policy holders, there comes a time when they must evaluate whether their coverage is still well suited to their current life circumstances.
May 22, 2019
According to a study by Boston College’s National Retirement Risk Index (NRRI), nearly 50% of US households are in jeopardy of not having enough saved for retirement, and they further note that “explicitly including health care in the Index further drives up the share of households ‘at risk.’” In fact, out of over 2,000 US adults surveyed by NerdWallet, only 32% believe that they will have saved enough money for retirement….
May 6, 2019
A recent study published by GoBankingRates surveyed 2,000 Americans who indicated they had made an early withdrawal from their retirement funds, and while the results are fascinating not all of it is surprising. The study found that nearly 44% made deductions to pay off debt and bills, 22% to pay for medical expenses and healthcare, 22% to cover a financial emergency, and 12% to pay for education or purchase a home.
April 18, 2019
Life settlement transactions are frequently very complex and can be time-consuming to conclude. However, the aim of these transactions is generally the same, and that’s to achieve the maximum life settlement offer possible. Since the guiding objective is to determine the fair market value for a given life insurance policy, it’s important to pay attention to the structure and execution of any transaction which is considered. These factors will also have a huge impact on whether or not any deal is actually consummated, so that money is actually put into the hands of a policy owner.