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Settlement

After all documents relative to the settlement are received by Milestone, the verification agent performs final review by verifying that all necessary documents have been received and that all forms have been properly executed. Once all information is complete, the carrier is contacted with the request for change of ownership and beneficiary, and the purchase price and commissions are placed into the escrow account.

The amount of time necessary to transfer the ownership and beneficiary designations under the policy will vary depending on the carrier. This is due to the fact that some carriers take extensive measures to verify ownership and beneficiary changes and make necessary updates in their systems.

Most life settlement transactions take 1-2 months to complete. This is from the time the contracts are returned to Milestone until the purchase price is disbursed to the seller and commissions are paid to any representatives of the seller.

A Life Settlement offers policy owners options for their existing life insurance, options they may not have known existed. Milestone has evaluated thousands of policies and can help financial professionals, and the clients they represent, receive the best possible value for their policies.

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Toll Free: 888-877-5686    Fax: 717-435-1851
48-50 W Chestnut Street; Lancaster, PA 17603
Milestone recognizes the importance of maintaining the privacy of its clients’ personal information. Milestone has electronic, physical and procedural safe guards in place and abides by all H.I.P.A.A. and state statute regulations to ensure that each clients’ health information is properly protected.