Life Insurance Settlement Process & Timeline, Premium Finance for Life Insurance Policies Process & Timeline

Call a Bentley Life Settlement Advisor today, 1-800-487-2274

Apr 6, 2009: One Way Life Insurance Customers Can Protect Themselves: Read more
Apr 6, 2009: The Life Settlement Institute Responds to Bloomberg Article: Read more

Process & Timeline - Premium Finance

1.: Determine eligibility for insurance policy.
a.  Age 71-84
b.  No major medical setbacks within last 5 years*
c.  Net worth of $2M+
2.: Upon eligibility, policy owner completes and submits Bentley Premium Finance Application.
3.: Bentley Life Settlements' general agent collects medical records to verify eligibility. (3-5 weeks)
4.: Bentley Life Settlements obtains 2 independent, third-party life expectancy certificates. (2-4 weeks)
5.: Bentley Life Settlements' general agent does preliminary underwriting to determine your eligibility for premium financing. (2-4 weeks)
6.: Upon eligibility, Bentley Life Settlements' general agent submits your formal application to up to 8 A-rated insurance carriers. (3-5 weeks)
7.: Upon carrier approval, a policy is issued into a trust established in your name.
8.: Financing is approved and the lender funds your policy.
9.: After two years, you can choose to sell the policy, maintain the policy, or discontinue the policy.

Expected total time: 3 to 6 months

*Examples include: heart attack/stroke, cancer, type-1 (juvenile) diabetes, prescribed blood thinners, HIV

Find out now. Click here to take the Bentley Survey to see if you qualify.