AEG is a full service brokerage. This is a turnkey process where we will manage all of the activity from the time we receive application until you present an offer to your client..
| 1. Policyowner realizes they do not have a need for their current life policies and discusses their options with their advisor (Is a life settlement the best option for their current situation?). |
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AEG can assist advisors with identifying situations where a life settlement may be possible. We help you set reasonable expectations for viability and value.
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| 2. Advisor, policyowner, and insured complete an application package and submit it to AEG. |
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| 3. AEG secures necessary medical records and policy documentation, matches up policy with appropriate sources, and submits requests for bids to multiple institutional purchasers. |
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AEG’s employees have extensive training in the handling of confidential medical information. All electronic transmissions are facilitated via our secure file server to ensure your client’s protection. |
| 4. AEG obtains multiple bids and negotiates on behalf of the seller with competing institutional purchasers. |
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AEG will always seek multiple bids and will not accept any compensation from a purchaser unless it is fully disclosed to the seller. We value open and unobstructed competition. |
5. AEG prepares a summary of the marketing process and provides it with our recommendation to the advisor.
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| 6. Advisor reviews the marketing results with the policyowner who decides to accept the recommended offer. |
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7. AEG secures confirmation that the funding for the purchase has been placed into escrow and forwards required closing documents to advisor.
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All parties are protected by enlisting the services of a licensed escrow agent. We will not allow a change of ownership until independent verification of funding is confirmed. |
| 8. Signed closing documentation returned to AEG, and insurance carrier is notified of change. |
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| 9. Upon written verification of change of ownership by the carrier, funds for settlement are released from the escrow account to the seller. |
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| 10. If the rescission period has not ended, the policyowner retains the right to change his mind and retain the policy. |
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