How do life settlements work with Invescor? How long does the process take?
The process takes about four months from start to finish (see Life Settlement Process/Workflow Sheet). The major steps include: • Agent/rep completes the settlement application, HIPAA Release, and Insurance Information Request forms, then forwards to Invescor. • Invescor orders medical records (takes 2-3 weeks). • Invescor then orders life expectancy reports and sends the case file to all appropriate life settlement providers (takes 1-2 weeks). • Invescor manages the bidding process to obtain the best offer (takes 1-2 weeks). • Upon client acceptance of best offer, Invescor orders contracts from the provider, reviews them, and forwards closing documents to the agent/rep (takes approximately 1 week). • The agent/rep works with the client to complete all the documents. Invescor reviews for accuracy and completeness, then forwards to the settlement provider (takes about 2 weeks). • The settlement provider reviews the documentation and conducts a verification of coverage. The file then pro
