Frequently Asked Questions

It can help cover some of life’s biggest expenses, like a home mortgage, debt, your children’s college tuition, and it can also replace lost income. Your policy can also help cover everyday expenses—anything your beneficiaries need, really. Ultimately, it’s up to them to decide how to use the payout.

QIS specializes in providing comprehensive life insurance solutions tailored high net worth individuals and business owners. Our offerings include:

1. Permanent Life insurance and Estate Planning. Life insurance is a valuable asset in estate planning, ensuring tax-free wealth transfer to beneficiaries, covering expenses and estate costs. Permanent policies can accumulate cash value, offering financial flexibility and income potential, making it essential for preserving and enhancing one's legacy in estate planning.

2. Key Person insurance and Buy/Sell agreements for business owners which are crucial for business continuity in the event of a business owner's death, ensuring a smooth transition of ownership.

3. Life Settlements. Your life insurance policy is a financial asset which means you can sell your policy now if you no longer need it or if your financial circumstances have changed. The sale of your policy is called a Life Settlement and has grown in popularity as policyholders become more informed about their options.

Employer-sponsored policies typically offer coverage that is about 1-2X your annual salary, which is a fraction of the coverage you need. Financial experts recommend having coverage that is about 10X your salary, which is why many people buy individual term policies to supplement their coverage through work.

A common and easy way to come up with a coverage estimate is to multiply your annual income by 10. Another way is to calculate your long-term financial obligations and then subtract your assets. The remainder is the gap that life insurance needs to fill. It can be difficult to know what to include in your calculations, so we created a life insurance calculator to help you determine your coverage needs.

QIS stands out from other life insurance carriers through our specialization in customized solutions for high net worth individuals and business owners. We offer a unique blend of Buy and Sell Agreements, Life Settlements, Permanent Life Insurance, and Estate Planning, tailored to meet the distinctive needs of our exclusive clientele. Our commitment to personalized service and strategic financial planning sets us apart, ensuring comprehensive coverage that goes beyond traditional offerings.