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Life Settlement ProcessStep 1 Application and supporting documentation are submitted. Step 2 Application and supporting documentation are reviewed by the broker. Step 3 Medical and insurance records are obtained and verified. Step 4 Review of information is completed and the underwriting team then conducts an eligibility determination. Step 5 Negotiation begins with multiple funding sources. Up to 20 funding sources will bid for your policy. Step 6 The highest offer is presented to the client for consideration. There is no obligation to accept a Life Settlement offer. Step 7 Upon acceptance, contracts and related forms are completed. Step 8 Policy ownership is transferred to the purchaser and funds are then released from escrow to the client. Step 9 Every Life Settlement transaction has a 15 days rescission period. If the client changes his/her mind about selling the policy, the Life Settlement contract can be cancel within 15 days after receiving the funds.
For more information visit: Life Settlement, Settlement Process, Pricing, FAQ
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