| Process |
Timeline |
| Application and supporting documentation are uploaded to Settlement Xchange by the Marketing Center |
Immediate |
| SCH underwriting team reviews file to determine if case meets markets requirements |
1 day |
| SCH acquires APS's |
1-3 weeks |
| SCH acquires Life Expectancy Studies |
1-2 weeks |
| First round of pricing negotiations with all of industry's institutional funding sources |
1-2 weeks |
| Second round of pricing negotiations after reserve prices have been established |
1 week |
| Process |
Timeline |
| Contract and related forms are delivered for completion |
1 week |
| Funder reviews completed contract |
2 - 3 days |
| Funder obtains verification of coverage from insurance carrier |
2 - 5 days |
| Escrow funding confirmed |
2 - 3 days |
| Request for change of beneficiary and ownership forms submitted to insurance carrier by funder |
Up to 30 days |
| Funds wired into owner's account |
1 - 3 days (from changes being completed) |
| Commissions released |
Dependent upon the rescission period |
