RTG Consultants

How the life settlement process works

Step 1:
Fil out Free Life Settlement Quote and we will supply you with the application and related life settlement documentation.

First Day:
Once all application paperwork is received (including a completed application, copy of the insurance policy and a copy of your photo id) we immediately begin the medical and insurance underwriting process. We will request medical records and verify insurance coverage.

Week 1-3:
The underwriting process continues. This process may vary in duration depending on how long it takes your doctors and insurance company to complete our requests for required information. To speed up this process, you may submit your medical records with your application. Doing this will often reduce the time frame by half or more.

Week 3-5:
We negotiate with all the applicable funding companies to obtain the highest offer available. After negotiations we present the highest offer to the client. The client may accept or decline any offers, there is no obligation. Once the offer is accepted, closing documents are sent via overnight courier to the policy owner and the settlement funds are placed in escrow.

Payment of Settlement
The funding company receives written verification of policy transfer from the insurance carrier. Settlement funds are typically released within 24-72 hours. Release of settlement funds may vary depending on how long it takes the client to send back closing papers and the insurance company to confirm the transfer of policy ownership.

Throughout the entire process one of our experienced policy representatives will be in contact with you to walk you through the entire transaction and answer any questions you may have about the process.

RTG Consultants can assist you with your life settlement. We can be reached at 1-888-973-8377 or you contact us online.

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