Settlement Process

Need Realized
Consumer realizes need -or- Advisor signals Need/Option to consumer.

Application
Policy Owner completes settlement application.

Documentation
SGI acquires supporting documentation, verifying insurance benefits and medical records.

Qualification
SGI review to determine qualification and value of the policy.

Offer & Acceptance
SGI offer to purchase policy. Policy owner accepts or declines.

Purchase Agreement
If policy owner accepts offer, purchase agreement is provided to policy owner/advisor.

Change of policy ownership
Purchase agreement returned. SGI applies to life insurance company for a change of ownership of the policy. Money is deposited into an Escrow Agent’s account, and remains secured until the insurance company sends written confirmation of Ownership & Beneficiary changes.

Notification
Parties are notified by life insurance company that ownership of policy has changed.

Closing
Money is transferred to policy owner within 3 business days from receipt of written confirmation of changes by insurance company.