The Life Settlement Process

STEP 1:  
Policy owner or their representative request a Life Settlement application packet by calling Opulen Capital at 877-678-5361, or via our secure life settlement quote.

STEP 2
:  The application is completed along with the requested authorizations. The application includes authorizations to collect medical records and up to date information from the applicants insurance carrier about the policy to be sold.

STEP 3
:  Opulen Capital collects needed information including attending physician statements, insurance policy copies and illusrations, etc. for review.

STEP 4
:  The information is submitted to funding organizations to obtain the highest bids possible.

STEP 5
:  Settlement offers are relayed to the policy owner or their representative for acceptance.

STEP 6
:  Upon acceptence of an offer, contracts and insurance policy change of ownership documents are forwarded to the policy owner or their representative for review and signatures.

STEP 7
:  The signed documents are returned to the funding organization. The documents are then forwarded to the insurance company to record the change of ownership.

STEP 8
:  Upon written verification that changes of ownership and beneficiary have been recorded, settlement funds are wire transferred into the account designated by the policy owner (seller).

At this point you have 15 days to change your mind and cancel the Life Settlement transaction.

The process typically takes 3 to 6 weeks to complete, depending on how long it takes to receive documents such as physician statements.

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