The Process
Where do we begin?
- Identify potential candidates for a Life Settlement using the parameters stated under Who Qualifies and a consultation with Settlement Benefits Association.
- Complete the simple life insurance appraisal request form (available by contacting us) and submit with a copy of the policy, if available.
The appraisal process consists of:
- Collecting policy and medical information: 3-4 weeks
- Completing initial underwriting of case: 1-2 weeks
- Sending complete case to funding organization: 1 day
- Negotiating and obtaining offers or declinations: 2 weeks
- Communicating appraisal value: 1 day
Completing the settlement process:
- Contracts are normally delivered within 72 hours of acceptance
- Review, sign and return settlement closing package: 1 week
- Cleanup and review by compliance: 3 days
- Record changes by insurance carrier: up to 2 weeks
- Escrow organization releases cash settlement to the client: within 48 hours of documented ownership change
- Client rescission period: depending upon state and provider, up to 4 weeks
- Referral source is compensated post rescission period
*The time line above was taken from a summation of previous cases. All estimated times are approximate and are subject to change without notice.
