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The Life Settlement Process |
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Invescor, Ltd. will assist you in qualifying a prospective life settlement candidate. Our Pre-Qualifying Worksheet uses a cumulative point scale to determine life settlement probability.
>>> Click on score box to view entire Pre-Qualifying Worksheet
19-28 These individuals may be the ideal clients for a life settlement solution
The results of this Life Settlement Pre-Qualifying Worksheet are; a) not an authoritative rejection or approval of the proposed applicant's case and an application must be submitted for consideration before any approval or denial may be determined by Invescor, Ltd.; and b) relative to Invescor, Ltd. only; and c) not a universal standard for the life settlement industry; and d) based on our experience working with life settlement providers.
When you have established that your client has a life settlement probability score of 19-28, these are the next steps:
- Your client completes a questionnaire and authorization for medical record release. Once medical records are received, the file is sent to our approved life settlement providers along with an in-force life insurance illustration
- A life expectancy report is then ordered
- Life settlement providers entities will submit bids for the policy
- All bids are fully disclosed to you
- Once your client accepts the best offer, closing documents are prepared by the provider and forwarded by us for completion by the client
- After the executed closing documents are returned to us, they are forwarded to the provider, and the change of ownership and beneficiary forms are sent to the life insurance company
- Upon confirmation of the change forms having been processed, settlement funds are released within 72 hours by the escrow agent to your client
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