Producer submits required submission documents to LifeDirect.
Days 1-2
Upon receipt of all required documents, LifeDirect completes underwriting process and sends offer letter to producer.
Day 3
Borrower accepts offer letter
Day 3
LifeDirect conducts phone call with client/borrower for introductory purposes.
Day 4
LifeDirect sends formal loan document package to producer for borrower signatures.
Days 4-7
Producer returns signed documents to LifeDirect. LifeDirect sends collateral assignments to life insurance company for signatures. LifeDirect secures any required collateral pledged by borrower.
Days 7-9
Life insurance company returns completed assignment to LifeDirect. LifeDirect releases loan proceeds to life insurance company.
