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Forward completed application and insurance policy to allsettled for review. |
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Medical records are accessed by allsettled and a determination is reached whether an offer can be made to policy owner. |
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Once offer is made, policy owner reviews the offer and either accepts or declines. |
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If the owner accepts the offer the purchase/sale agreement is immediately forwarded by allsettled for the owner’s review and appropriate signatures. |
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The following insurance forms will also be included for signatures:
- change of ownership
- change of beneficiary
- absolute assignment
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Owner promptly returns completed agreement and forms to allsettled in the prepaid overnight package to be provided by allsettled. |
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allsettled forwards appropriate insurance documents to the Life Insurance company for recording. |
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Life Insurance company confirms documents are properly recorded
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Once documents have been recorded by Life Insurance company the owner is no longer responsible for paying policy premiums. |
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Escrow funds are immediately wired or a check is shipped overnight to owner (senior settlement proceeds). |
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Hard copies of settlement paperwork are delivered for owner’s records. |
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Life Settlement process is complete. |
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application stage
