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A Servicer must at all times adhere to the relevant life settlement and
privacy statutes and regulations while continuously building and shaping its
formula to minimize costs. Therefore, when choosing a Servicer, keep the following in mind:
- Experience - How long had the Servicer been in the business?
- Experienced Personnel - Does the Servicer have personnel
with extensive experience with life insurance contracts?
- Privacy - Does the Servicer utilize technology and
proven checks and balances to avoid the dissemination
of personal identifying information?
- Efficiency - Does the Servicer have proven processes, procedures and back-ups,
and utilize technology that supports the efficient flow of information?
A Servicer must have extensive experience and proven systems as part of an
overall adaptable formula that advocates the minimization of cost
to maximize the owner's return while securing efficient processing
of death benefit claims.
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