Sentences with phrase «life settlement provider»

State regulations require that all policies are sold through a licensed life settlement provider.

Life settlement providers purchase policies either through a life settlement broker or directly from consumer clients for either their own account or on behalf of an investment firm.

It is important that policy owners discuss with their life settlement broker or life settlement provider all the required disclosures applicable to their state law.

The advisor and the client will usually have 30 days to consider the offers, and if the client accepts an offer, the life settlement broker communicates the offer's acceptance to the appropriate life settlement provider.

Privacy — Make sure that the life settlement broker protects your client's information and only sends your client's files to only the parties necessary to produce offers — usually only life settlement providers and life expectancy underwriters (discussed in the life expectancy section).

One or more life settlement providers who typically represent the party acquiring the policy; and

Magna Life Settlements, Inc. is a leading life settlement provider licensed wherever state insurance regulations require, and able to do business in every state.

For the vast majority of states, a life settlement transaction is regulated by each state's Department of Insurance, which typically requires the buyer (i.e. life settlement provider) of the life insurance policy to be licensed by that state.

Life settlement providers perform valuation analysis, thorough due diligence and legal analysis on potential life settlement cases, then make recommendations to institutional investors

A «life settlement» can be defined simply as the sale of a life insurance policy by the policy owner to a licensed Life Settlement Provider.

Life settlement providers have expertise in evaluating the investment quality of a life insurance policy, and make bids for policies based on the policy characteristics, the insured's life expectancy and the interest rate environment.

Furthermore, remember that the cash value also represents a «hurdle» threshold for the life settlement provider to reach.

There are life settlement brokers which facilitate a life settlement transaction of the policies between the seller of a policy and a buyer, and life settlement providers are companies that buy policies (via a broker or directly from the policyowner), either to hold themselves, resell to an institutional investor that buys life settlement investments, or even engage in a life settlements securitization process to repackage across multiple institutions investing in life settlements.

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.

The policyholder contacts the life settlement provider, who verifies the policyholder's eligibility.

Acknowledgement of the transfer - of - ownership and release of the escrowed funds — when the transfer of the policy's ownership is completed and recorded by the insurance company, the insurer sends confirmation to the client and the life settlement provider (the new policy owner).

Life settlement providers are companies that are licensed to purchase many life insurance policies on behalf of large institutional investors.

Sometimes a group of investors or other financing entity will provide the capital the life settlement provider uses to purchase life insurance policies from consumers.

Review, Analysis and Offer — once they have all the data, the life settlement providers calculate the value of the life insurance policy and decide whether to make an offer to buy to the life insurance policy from the policy owner.

At the same time, the funds to be paid for the life insurance policy are given to an escrow agent for safekeeping pending the actual transfer of the policy's ownership to the life settlement provider.

The benefit is that the client will save money on the broker's commission fee; however, unless the advisor knows many of the life settlement providers and can generate a competitive bidding process by themselves, the financial advisor risks not getting their client the best deal.

When the transaction is complete, the buyer — or life settlement provider — becomes the new owner of the life insurance policy, pays future premiums and collects the death benefit when the insured dies.

Life settlement providers are the companies that buy life insurance policies on the life settlement market on behalf of investors.

Existing laws and regulations that address life settlements include many requirements, including informational disclosures that owners and insureds must receive before a life settlement can be completed as well as licensing of life settlement brokers and life settlement providers (the policy buyers).

To further protect yourself and your loved ones considering a life settlement, make sure the life settlement broker, life settlement provider and any insurance agent is properly licensed in New York.

It is not a life settlement provider or broker.

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;

is a term or condition to the transfer of a policy by one life settlement provider to another life settlement provider;

is necessary to allow the life settlement provider or its authorized representative to make contacts for the purpose of determining health status; or

Life settlement providers may purchase your policy themselves or represent the buyers — these buyers are often institutional investors.

Life Settlement providers must be licensed in the state where the policy owner resides.

This is because a life settlement provider will pay the policy owner a percentage of the policy's death benefit which in most cases can be substantially more than the amount of the cash value that is in the plan's cash value component.