Most life insurance settlement brokers have similiar looking applications
There must be a reason for that ?- Well not suprisingly there is
To start the life settlement process every life settlement broker needs some basic information about their senior insured client and policy holder - otherwise known as the viator or settler
Oh by the way only the owner of the life insurance policy can sell the policy to a viatical & life settlement provider. If you are the insured, but not the owner, your consent to the transaction will be required if the sale involves an examination of your medical records.
To view Integrity Life Solutions life settlement application click here
To attend Integrity Life Solutions free webinar and possibly earn continuing education credits - if you are a CPA, accountant CFP, or NJ life insurance agent - visit us at http://www.freecpe.org/ for more information
Integrity Life Settlements is a life settlement and viatical settlement broker in Maplewood NJ
The first question on your typical application is the name of the insured
Sometimes the insured is also the policy owner
But that is not always the case
Why is the insureds name important?
Well perhaps youve seen the case previously and it didnt qualify for a life settlement offer
You as a life settlement broker would want to consider, before undertaking the life settlement process, if there have been any changes in circumstances that would improve the chances for a settlement
Perhaps another life insurance settlement broker has submitted the case. Assuming you have a complete application you can find out if the case has been shopped to the typical list of life settlement providers,
and save yourself the money of underwriting the case.
Life insurance agents and senior clients rarely realize the high cost of processing a life settlement submission - which includes the cost of medical records and life expectencies.
In our next post well include the importance of knowing the senior clients social security number, date of birth, and home address
Remember visit http://www.freecpe.com/ for more information or to register for our next free webinar
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