RESOURCES - life settlements
Settlement Flow Chart

The Life Settlement Transaction Process

1. A trusted advisor and a policyholder choose to seek a life settlement on an existing life insurance policy.
2. Trusted advisor enlists Madison Brokerage to conduct a thorough evaluation of the life insurance policy to determine the likelihood of a successful life settlement.
3. If the policy is deemed a good settlement candidate, Madison Brokerage obtains the insured’s medical records and orders Life Expectancy reports.
4. Madison Brokerage prepares all documentation, packages the case, and markets it to the qualified, institutionally backed settlement companies/buyers for consideration.
5. Offers are conveyed to Madison Brokerage who negotiates the best offer and terms.
6. Offers are communicated to the broker and discussed with the policyholder for consideration.
7. When an offer is accepted, the case goes into the closing phase.
8. Upon completion of the closing documents, the owner and beneficiary designations are transferred to the buyer.
9. Upon confirmation of the transfer, the escrow agent releases the sale proceeds to the seller.