While a life settlement might come across as a highly complex financial transaction, in reality it is a pretty smooth transition.
Some steps of of a Life Settlement Transaction include:
Filling out application and HIPPA
Retrieving medical records
Having medicals records sent to underwriting
Underwriters review medical records and determine a life expectancy
Policy is sent to a pricing model
During the pricing it will be determined if the policy will garnish an offer
Offer is presented to insured
Once offer is accepted, contracts are drawn up
Once contracts are completed, change forms are sent to Insurance Carrier
Carrier makes owner and beneficiary changes
Funds are released to insured
If you have any specific questions about some of steps, please call 1-888-823-7764
We provide Life Settlement Information and make easy for you to understand, to leanr more about life settlements visit the main page: Life Settlement Info
