Submission Process

As with any opportunity, it is important to understand how a life settlement case is processed.

3 Mark Financial
  • State Licensing. Some states require a separate life settlement license. We can tell you if your state requires it and help you get this process started.
  • 3 Mark Financial Contract. This agreement appoints you to do life settlement business through 3 Mark Financial and outlines the terms and conditions of that appointment.
  • Qualification Worksheet. By answering all, or as many of the questions as you can, you will obtain a numerical score that corresponds to the likelihood of a life settlement case being placed.
  • Case Submission. The following is a list of the necessary requirements to submit a case:
    • Checklist for Application Package
    • 3 Mark Financial Life Settlement Application
    • 3 Mark Financial HIPAA release
    • Notice of Disclosure
    • Copy of insurance policy or copy of the face page
    • In force illustrations
    • Medical records for the last 5 years including family history
    • Additional items upon request
  • Institutional Funder Submission. 3 Mark Financial will submit the case to multiple institutional funders and negotiate the highest settlement offer possible.
  • Offer Acceptance. The best offer is transmitted to you for presentation to your client. Upon acceptance, the funder will send the required documentation to your client, completing the transaction. Once the carrier has received and processed change of ownership and beneficiary forms, the client receives their settlement check.
  • Commission. Upon acceptance of the offer and payment of the settlement proceeds to the client, you will be paid your commission.