THE LIFE INSURANCE SETTLEMENT PROCESS
OUR MOTTO IS SELLING YOUR LIFE INSURANCE POLICY HAS NEVER BEEN EASIER. WE MAKE THE ENTIRE PROCESS EASY AND PAIN FREE. START WITH AN EVALUATION OF WHETHER OR NOT YOU QUALIFY, SIGN A FEW FORMS AND YOU ARE ON YOUR WAY TO A NON-BINDING OFFER. IT’S AS SIMPLE AS THAT.
(Point to each step for more detail)
STEP 1:
EVALUATION FOR QUALIFICATION
EVALUATION FOR QUALIFICATION
To see if you qualify for a life settlement.
STEP 2:
COMPLETE THE APPLICATION
COMPLETE THE APPLICATION
A state approved application must be filled out for our broker.
STEP 3:
COMPILE ALL PAPERWORK
COMPILE ALL PAPERWORK
Our broker compiles all the paperwork including medical records, physician statements, illustrations, as well as the copy of the policy itself. Because we are dealing with doctor’s offices and insurance companies this stage may take up to 2 weeks or more.
STEP 4:
POLICY IS SHIPPED TO PROVIDERS
POLICY IS SHIPPED TO PROVIDERS
Because our broker is #1 in the life settlement industry, they have a longstanding relationship with every licensed life settlement provider. You can be assured that your policy is receiving the utmost attention and the highest bids in this bidding procedure.
STEP 5:
YOU THE INSURED RECEIVES THE BID
YOU THE INSURED RECEIVES THE BID
Shortly after our broker receives the bids you will receive an offer letter. If you accept the offer, a closing package will be generated within 2 or 3 business days.
STEP 6:
RETURN THE SIGNED DOCUMENTS
RETURN THE SIGNED DOCUMENTS
You sign and date the documents and return them to our broker. Our broker reviews the package to establish that everything meets the funding conditions. This typically takes 3 to 5 business days.
STEP 7:
CHANGE OF OWNERSHIP
CHANGE OF OWNERSHIP
The insurance policy ownership paperwork is countersigned and is then forwarded to the insurance company where they document the change of ownership and beneficiary of the policy. This step may take as much as 5 to 15 days depending on the insurance carrier.
STEP 8:
YOU RECEIVE YOUR LIFE SETTLEMENT
YOU RECEIVE YOUR LIFE SETTLEMENT
This is typically done through a wire transfer within 1 to 3 business days.
Get Started