Life Settlements and Viatical Settlement Appraisal Process


First Day

All application paperwork is received by West Coast. This includes a completed application, copy of the insurance policy, copy of photo ID. 

Immediately we begin our medical and insurance underwriting process. We request both medical records and perform a verification insurance coverage.

Week 1-3

Continue to perform underwriting process. This process time varies depending on how long it takes your doctors and insurance company to complete our requests for required information.

(To speed up this process, you can submit your medical records with your application. If done it can 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 available to the client. (This offer can be accepted or denied, there is no obligation.)

Once accepted: Closing Documents are sent to the policy owner and the settlement funds are placed in escrow

Payment of Settlement

Funding company receives written verification of policy transfer from the insurance carrier.

Settlement funds are released within 24-72 hours.

This can vary depending how long it takes for you to send back closing papers and your insurance company to confirm the transfer of policy ownership.

Throughout the entire process you will be in contact with your dedicated agent, who will be able to answer any questions you have.


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