The Process

"The report concludes that a 'secondary market' for life insurance improves the financial well-being for both policyholders and financial advisors."

On Wall Street
November 2002

Initial Evaluation

The life settlement process begins with a thorough evaluation of the continuing need for the coverage and the suitability of the sale of the insurance policy in respect of the client's entire financial profile. If it is determined to be in the client's best interests to sell the policy, the market value of the existing policy will then be ascertained. 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.

Next Steps

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.