Once a potential client (or a professional on their behalf such as a financial advisor, attorney or CPA) contacts our office we initiate an efficient and confidential process to consider a client’s possible life insurance settlement.

 The initial step is to perform a preliminary analysis. In order to perform such an analysis, we collect three things from the client. First, we ask for copies of the life insurance policy and all related documentation the client received when purchasing the policy. Second, we have the client sign a release of information form that allows us to communicate directly with the life insurance carrier, primarily to request and obtain an “in force analysis” which details the amount of premiums required to keep the policy in force through various ages. Third, we work with the client to fill out a pre-qualification form.

With this information, we are able to research the potential viability of a life settlement and a range of values that an auction/sale of the policy would bring from potential buyers. We can then discuss the results of the first step with the client  and determine whether the client wants to proceed with the process.

If the client desires to proceed, we then work with the client to fill out a formal life settlement application and obtain the necessary releases from the client to collect medical records. We proceed to then obtain the medical records and have an outside source perform a life expectancy calculation on the insured.

After step two is completed, we are then ready to submit the client’s information to the potential purchasers of the policy. Step three is then the actual auction of the policy to purchasers in order to maximize the market value of the policy and put as much money in our client’s pocket as possible.

Once the auction and sale of the policy occurs in step three, then step four is the post auction phase where the necessary documentation is prepared to assign the policy and a closing occurs when the money is paid.

A typical timeline for a life settlement from steps one through four is 8-10 weeks.

We are very experienced in the above process and our internal policies and process is designed to best serve our client and produce the desired results.

Thinking of considering a life settlement? Call us today!