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Effective Price Discovery

A simple, expeditious means for you and your client to directly engage and create competition among a universe of the statutory representatives of the institutional buyers of in-force life insurance for your client's policy. Our process is respectful of your and your client's time, effort, and, honestly, intelligence.


Unlike a broker-led process, which takes weeks or months just to launch because of their contract process with your client and non-value-add steps that they can qualify as “work product”, like getting life expectancy reports, we enable you to receive actionable indications of value from the Providers within a couple of weeks of sharing policy documents and medical records. Upon acceptance of an indication, you and your client advance immediately to a settlement with the chosen Provider.

5/20/75

days to stage/bid/close

~20

buyers reached

25%

avg. % of face value

7.5%

(of net) fee

״Elegance is achieved when all that is superfluous has been discarded and the human being discovers simplicity and concentration... ״

~ Paolo Coelho

Based on extensive experience

We believe that there is not only elegance to simplicity, but also efficacy and expediency, and that true, end-to-end transparency serves our interest as much as yours. And fees need to be rational, equitable, and understandable.​​ Perhaps most important, though, is our belief in the primacy of the relationship you have with your client and your active engagement in the process. We simply enable an efficient price discovery process - to truly maximize the value of your client's policy - and we never get between you and your client. You and your client decide whether to proceed with a buyer depending on how appealing you find their bid. Importantly, we know that your and your client's time is valuable so, before you undertake any real effort or commit any time to the process, we generate a directionally useful range of likely market values of your client's policy. We use the same software that the most sophisticated institutional buyers use to assess the underlying variables of the policy to ensure that we are sharing with you a reliable range of values to share with your client before moving forward. ​ Lastly, the things that we don't do, such as not procuring life expectancy reports, which typically take brokers several weeks to procure and add no value to the process (institutional buyers simply do not use 3rd party LE reports, relying on their own actuarial and biostatistician teams), are as important a driver of the efficacy and efficiency of our process as those things we actually do, like streamlining communications onto our auction platform and conducting single round, blind, best-and-final auctions.​​

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Step One

Policy Valuation

While the market is the final arbiter, with a recent in-force illustration (level minimum premiums to age 100+), we can provide a qualified range of values under various health and discount rate assumptions to inform a discussion between you and your client about the likely utility of pursuing a sale.

Calendar: 1 day/<1 hour advisor time

Step Two

Staging

If your client decides to advance to an auction, you and your client simply upload to a ShareFile folder a copy of the policy, two years of medical records, the premium history (if a guaranteed product), and a copy of the Trust (if Trust-owned). If buyers request other documentation, it will also be uploaded.

Calendar: 5 days/4 hours advisor time

Step Three

Case Review/Pricing

The Providers that represent the major and reliable market buyers review policy, ownership, and medical documents, and pose any clarifying questions to you and your client to refine their assessment of policy value.

Calendar: 5 - 10 days/0 hours advisor time

Step Four

Bidding

Upon completion of the Case Review period, interested Providers have 3 - 5 business days to submit to you their best and final bid and to detail any contingencies that will impact the amount of time and effort that you (the advisor) and your client will likely have to commit. 

Calendar: 5 days/<1 hour advisor time

Step Five

Settlement Underwriting

If your client wishes accept one of the bids, they will complete the Provider's life settlement application, after which the Provider generates a purchase agreement, funds escrow, and engages the carrier to change ownership. Funding then typically occurs within 10 - 15 days of the change request. 

Calendar: 15 - 20 days/~5 hour advisor time

Simple, Efficient, Transparent

Price discovery that you can actually understand and trust

It really isn't rocket science. It's not alchemy. We started with a simple desire to do the right thing for our clients - fiduciary wealth advisors and fiduciary-minded life insurance professionals - so that you can do the right thing for your clients. And that philosophy, combined with our capital markets and life settlement experience, is the foundation of how we engage you and ensure the best possible experience and maximum proceeds for your clients.

So, with that experience, perspective, and a commitment to change the perception of the utility of life settlements among wealth management and insurance professionals, we designed a wholly different process in which fiduciary and fiduciary-minded advisors can be confident that their clients are receiving the true maximum value for their unwanted life insurance in a process that they can trust.

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