Mutual Benefits Corporation Insists on Tough Requirements for the Policies They Fund

Unlike some other viatical and life settlement companies, Mutual Benefits Corp., one of the largest licensed viatical and life settlement companies, rejects life insurance policies that are submitted to us by policy brokers that do not meet our criteria on a daily basis. We feel the standards MBC uses to fund policies is clearly head and shoulders above many other viatical and life settlement companies. Purchasers of life insurance policies funded by MBC may receive a fixed, total return up to 72%.¹

Criteria MBC needs on each policy before it is considered for funding includes:

• The insured must complete a questionnaire about their medical history and authorize the release of all medical records from his/her attending physician.
• The attending physician receives the release and then provides the medical records of the patient's condition and all relevant information about the patient.
• Each policy that MBC reviews must be non-contestable. When a life insurance policy is issued, the insurer has two years to contest or reject the policy if they have reason to believe that false or inaccurate information was given on the application. Once this period is over, the policy becomes non-contestable.
• A state-licensed physician or medical review company reviews the medical records received and provides a life expectancy estimate to MBC.
• MBC uses the applicable life expectancy estimate to determine the fixed, total return possible.

For further information on Mutual Benefits Corporation, please call1-800-896-7990, or contact us here.