LIFE SETTLEMENT TRANSACTION PROCESSTransaction Process Oyster Pearl

The life settlement process begins with Coventry First’s sophisticated valuation system that determines if an offer can be made.

Here is how the process works:

  • A completed questionnaire and authorization are submitted to Coventry First along with carrier illustrations and medical records for the last five years.
  • Coventry First values the policy to determine if an offer can be made.
  • Coventry First relays the offer to the advisor.
  • Once an offer is accepted, Coventry First issues closing documents.
  • After receiving the executed closing documents, the change of ownership and beneficiary forms are sent to the life insurance company.
  • Upon confirmation that the change forms have been processed by the carrier, funds are released to the policyowner.

Take a few minutes to submit a policy on behalf of your client, or if you prefer, contact us at info@coventry.com or 877.836.8300.

Please note that Coventry First has a strict privacy policy.