Many policyholders do not fully understand how term life insurance works. The company’s latest piece provides a detailed breakdown, including the potential monetary value that a term policy may have.

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Those who purchase term life insurance may face changing needs over time. With their new report, Q Life Settlements points out that policyholders who no longer need, want, or can afford a term insurance policy may still have options.

As the name suggests, a term life insurance policy is one in which coverage is only provided for a defined period of time. Benefits under the policy are only paid if the named individual dies within the specified term. These policies are often an attractive option, owing to their lower costs.

While most people understand the concept of term life policies, many people are unaware that they may have a market value and that they can be sold. For those people who no longer want or need their policy, Q Life Settlements’ new report explains how this process works.

Known as a life settlement, these transactions involve the original owner of a life insurance policy selling it to a third party. As the author of the new piece points out, the sale amount is less than the death benefit, but more than the cash value (which in the case of a term policy is zero) of the policy. The new policy owner then pays all future life insurance premiums.

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About Q Life Settlements LLC

Company founder, President, and CEO Steven Shapiro has significant experience in life settlements, strategic consulting, investment banking, and private equity investing. The company’s aim is to provide transparency and clarity in the life settlement process, and to connect policy owners directly with potential buyers.

A company representative stated: “Your current insurance policy may not be as suitable to your current situation as it was when you first bought it. A life settlement is one option many seniors are utilizing for their financial benefit to achieve a higher quality of life in the years to come.”

Interested parties can learn more by visiting:

Q Life Settlements LLC
Q Life Settlements LLC
2424 N. Federal Hwy.
Suite 460
Boca Raton
United States

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