Frequently Asked Questions

Q. 

Who is selling these rights to the clients?

 
Q. 

How is value computed in an Insurance Settlement?

 
Q. 

What then, is purchased?

 
Q. 

How does the transaction work?

 
Q. 

Does the client own the policy?

 
Q. 

What happens if a Life Insurance company who issues a policy goes bankrupt or insolvent?

 
Q. 

How does the transaction work?

 
Q. 

Is all of this servicing work done in the British Virgin Islands?

 
Q. 

How are the funds managed?

 
Q. 

Who is the Escrow Agent?

 
Q. 

Is the Bank where the Escrow accounts are held located in the British Virgin Islands?

 
Q. 

How can I be sure there is sufficient funds in the premium reserves to pay the premiums on my policy?

 
Q. 

What if the insured lives beyond the Life Expectancy and the additional year?

 
Q. 

What is the minimum purchase amount?

 
Q. 

Will taxes be withheld on earnings from a Caribe Insurance Settlement?

 
Q. 

Who do I contact for questions or service?

 
Q. 

What are the advantages of Caribe?

 
Q. 

Are there additional agreements to be signed in order to become a Caribe Agent?

 
Q. 

What sales aids are available?

 
Q. 

Why is client ID required in an instance where the SIPP provider is the purchaser?

 
Q. 

Does the policy seller / insured, know what their expected LE is?

 
Q. 

What provisions are in place to protect investors against the collapse of Goldstein Lewin?

 
Q. 

Once closing documents have been issued, is the investor able to contact the insurance company to check their beneficial status?

 
Q. 

Will Caribe sell other polices in addition to the Caribe branded ones?

 
Q. 

What are the advantages (and perhaps disadvantages) of having our own provider company and what is it role?