Sentences with phrase «life settlement contract»
If the life settlement provider's analysis of the policy indicates that an offer should be made to buy it, the provider makes a formal life settlement contract offer.
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Our services, including life settlement contracts, can be valuable alternatives to policy lapse or surrender.
These might include life settlement contracts, convertible term insurance and special term contracts.
Submission of the transfer - of - ownership forms and escrow of funds — when the life insurance provider receives the completed life settlement contract documents in the closing package, it makes a formal request to the life insurance company for the transfer of the policy's ownership.
The NCOIL notice contains eight alternatives, one being «the sale of the policy pursuant to a life settlement contract.»
The NCOIL notice contains eight alternatives, one being «the sale of the policy pursuant to a life settlement contract.»
GWG Life's services include viatical and life settlement contracts.
Any person who knowingly presents false information with intent to defraud on an application for a life settlement contract is guilty of a crime and may be subject to fines and criminal prosecution.
is necessary to effect a life settlement contract between the seller and a life settlement provider and the seller and the insured have provided prior written consent to the disclosure;
The NCOIL notice contains eight alternatives, one being «the sale of the policy pursuant to a life settlement contract.»
Therefore, understanding the definition of a life settlement contract is critical to understanding when the life settlement regulations apply.
It is important to always seek professional advice or consult with a member of LISA to understand how state regulations define a viatical or life settlement contract.
If your policy has a cash value, you should make sure to receive more than the cash surrender value of your policy if you enter into a life settlement contract.