The Role of Life Settlement Providers
Explore the role of life settlement providers with industry veteran Steven Shapiro, CEO of Q Capital Strategies, in our newest episode of the Life Settlement Expert Series.
Shapiro discusses the untapped potential of life insurance policies that can offer consumers increased financial freedom amid today's economic challenges. Also, hear his expert insights into the significance of selecting licensed and reputable providers for a seamless settlement process and why more options allow for better pricing.
TRANSCRIPT
Steven Shapiro, Founder & Chief Executive Officer, Q Capital Strategies
My name is Steven Shapiro. I'm the Founder and CEO of Q Capital Strategies. Q Capital Strategies is a full-service life settlement company focusing on a regulated life settlement provider, settlement servicer, valuation agent, and consulting and advisory services. I started the business over 20 years ago, and I've seen the evolution of the settlement business from a small cottage industry to the professional industry it is today.
What Should Policyholders Consider When Choosing Who to Sell Their Policy to?
The most important thing a consumer can do is work with a properly licensed company. Life Settlements, like all life insurance, is regulated at the state level. They need to ensure they're working with a properly licensed company to get the proper disclosures, understand the type of transactions they are entering into, and are working with a reputable company. This way, they can ensure the smoothest transaction, good execution, and work with the best in the business.
Where Do You See the Most Significant Changes in the Direct-to-Consumer Market?
One of the biggest changes right now in the direct-to-consumer market is options. And options breed better execution for the consumer. There are more people out there approaching consumers directly, which gives them more options and is going to lead to a better price. And it's always good to shop around, and we like to shop around for anything. Why not be able to shop around to sell a life insurance policy?