Once required documents have been retrieved, underwriting is performed on those documents. Medical summaries and life expectancy reports are performed on retrieved medical documents. Premium stream and cost of insurance projections are run based on retrieved insurer documents. These underwriting documents are then used to determine how investors will price the life settlement case and what offers will be made.
Analysis of underwriting documents sometimes uncovers unique illustrations or policy data that a particular investor will want to see that was not provided. This may cause delays as the requested information is retrieved. Worst case, additional medical information is uncovered and underwriting needs to be performed a second time.
If there is interest, offers then begin to come in from investors. A life settlement broker will ensure a competitive process and increase offers as much as possible. It is the job of the life settlement broker to ensure the policy owner receives the highest offer for their life insurance policy.
