THE PROCESS
The life settlement process begins with a thorough evaluation of the continuing need for the coverage and the suitability fo the sale of the insurance policy as respects the client's entire financial profile. If it is determined to be in the client's best interests to sell the policy, then the market value of the exisiting policy can be determined. In order to establish the market value of the policy we will need a completed settlement application, authorization forms that allow us to obtain medical records, and current in force policy illustrations. By accessing our institutional funding sources, we endeavor to obtain multiple offers for the sale of the policy. Once an offer is deemed acceptable, appropriate documents are drawn for signatures by all parties, including seller's mental ability to understand and enter into the transaction. When the documents have been executed and returned to the company, the change of ownership and beneficiary designation will be sent to the company and the funds will be released to the policy owner/seller. |