New security and software in the Life Settlement Industry is being created to increase confidential requirements and protection.

Is the life settlement funder, investor representative, or life settlement broker required to keep your information confidential?

Yes, information you provide to the life settlement company or broker should remain confidential and only viewed bye approved professionals relating directly to your case. Remember, that a life settlement can be complicated with underwriters, brokers, medical staff and others examining your case.

Confidentiality is important is should be a huge responsibility of your chosen company, but multiple entities could be reviewing your information.

Here is  basic overview of what type of information will be required on a life settlement application regarding the owner of the policy.

If you are filling out an application and the insured is the owner, you will not need to provide the information again.

Trust Ownership
If the owner is a trust you will most likely need to provide the name of the trust, date of agreement, state of domicile, and names of all trustees.

Most Common Required Items
Full Name of Owner
Address (Full address)
SS# or Tax ID

Has the owner ever declared bankruptcy? Yes/No (If Yes, you will need to attach the discharge papers)

Name of beneficiary
SS#
Address (Full Address)

Owner, insured and other policy information is required for initial processing and a full detailed life settlement quote.

Hope this helps…

There are a few options for bridge financing for premium financed policies and premium financing cases.

Here is a sample overview of what may be required and terms.

• Policy Type: Individual policies or Portfolio financing
• Duration: 90 days to 48 months available.
• Submission Information Needed: Current in-force illustration, AVS / 21st or executed FLS documents (available upon request)
• Loan Type / Collateral: Policy is the only collateral required
• Interest Rate: 1% per month if paid monthly (compounded daily) or 1.5% per month if paid upon maturity (compounded daily).
• Origination Fee: 5% origination fee on borrowed funds plus applicable legal fees
• Policy Requirements: Policies must be non-contestable and lender performs full medical underwriting
• Agent / Broker compensation: Up to 1% of face to be built into the loan on select policy financing.

If you have any questions or would like to see if your policy will fit this type of financing, pleas call 1-888-823-7764 and will find someone to assist.