HomeWhat is the transaction process?
- The process begins with a discussion with your insurance advisor and preliminary evaluations by ULIS of the market value of the policy
- A comprehensive life insurance audit is performed
- Client completes ULIS settlement application package providing authorizations to obtain policy and medical records (kept in strict confidence)
- ULIS evaluates policy and parameters required to maintain policy benefits for duration required by investors, and conducts verification of coverage
- ULIS secures professional life expectancy reports
- Evaluation of all file data; compilation of a pricing model equivalent to our opinion of the policy market value which is critical to obtaining a fair market value for the policy
- Submission to ULIS pre-screened and compliance approved network of institutional capital sources
- ULIS obtains market offers; negotiation; acceptance of the best offer or rejection
- Completion of transfer of ownership and authorization contracts upon buyer approval and review by clients advisors
- Verification of coverage to existing carrier
- Change of ownership documents completed. Policy enters escrow
- Escrow completed: seller payment and transfer of policy to investor
It is most important that all parties conduct proper due diligence in the sale and transaction of every life settlement. Unlimited Life Insurance Solutions LLC can demonstrate a strong track record of successfully completing HIPAA compliant settlement transactions.
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