Efficient, effective price discovery and completely transparent engagement with you.
We understand that as a wealth advisor or life insurance professional looking out for the best interests of your client and assessing the potential utility of a life settlement, while maximum bids and net proceeds are obviously of the greatest significance, a broader description of the value proposition of the transaction is important to consider. We deliver that.
We enable the price discovery benefits of real competition among multiple credible buyers without the opacity, inefficiency, and high cost of a broker. Importantly, you are intimately engaged in the process – with end-to-end transparency and an audit trail – and understood by your client to have been the driver of a high-value service win and significant windfall from an asset that would otherwise have been forfeited for little or no benefit.
All executed in a secure ShareFile bid room, not via e-mail and phone calls.
20+
BUYERS REACHED
We engage 10+ Providers, the regulated entities that represent scores of capital sources, private equity, public and private pension, family offices, and insurance carriers
80%
SUCCESSFUL AUCTIONS
If we assess that your policy likely has positive value to the market, more than three quarters of auctions produce a winning bid that is sufficiently compelling to prompt a sale
15
DAYS TO ACTIONABLE BIDS
Our much simpler staging process gets you and your client to the auction quickly and then we complete the auction expeditiously, not wasting your and your clients' time
60
TOTAL DAYS TO FUNDING
If you and your client are responsive to information requests and executing transaction documents from the buyer, sellers can receive funds in less than two months from introduction to the market
SCREENING POLICIES FOR POSSIBLE SETTLEMENT
ENGAGEMENT CALENDAR
1/5 Policy Analysis & Valuation
Calendar: 1 day/<1 hour advisor time
While the market is the final arbiter of value, 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.
2/5 Staging
Calendar: 5 days/4 hours advisor time
You simply upload to our ShareFile bid room a copy of the policy, a signed HIPAA release form, two years of medical records (the more impaired an insured is, the more comprehensive the medical records that we'll need), the premium history (if a guaranteed product), and a copy of the Trust (if Trust-owned).
3/5 Case Review/Pricing
Calendar: 10 days/0 hours advisor time
The Providers that represent the major and reliable institutional capital review all submitted policy, ownership, and medical documents, and pose any clarifying questions or request additional documents (e.g., other illustrations, medical specialist) to you and your client to refine their assessment of policy value.
4/5 Bidding
Calendar: 5 days/<1 hour advisor time
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.
5/5 Contracting/Settlement
Calendar: 15 - 30 days/0 hours advisor time
If your client accepts one of the bids, they will complete the Provider's life settlement application, after which the Provider generates a purchase agreement, collects necessary signatures and attestations, funds escrow, and engages the carrier to change ownership, with a Securities Intermediary holding the policy and escrow. Funding then typically occurs within 10 - 15 days of the change request.
