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Divisions / Life Settlement Center / Sales Pre-Qualifications /
Application Submission
LS=Life Settlement Law; VS = Viatical Law
- Step 1 – Application and supporting documentation are submitted
- Step 2 – Review of information to determine eligibility is conducted by our underwriting team
- Step 3 – Medical and insurance records are obtained
- Step 4 – Life Expectancy Studies are ordered
- Step 5 – First round of negotiation with all of industry’s institutional funding sources
- Step 6 – Second round of pricing negotiation after reserve prices have been established
- Step 7 – Upon acceptance of offer, a contract and related forms are completed
- Step 8 – Policy ownership is transferred to the purchaser and funds are then released from escrow to the client
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