216-464-7481
216-464-7581
Optimizing Life Policy Services with Reliable Solutions
At MPC Life Services, we’re here to support your portfolio with dependable, hands-on solutions across the life settlement space. From policy servicing and transaction support to accounting and compliance, our offerings are designed to make your work easier and more efficient.
Life Policy Services
Life Tracking
MPC Life Services, LLC provides life tracking services for policies related to our clients in which we provide full service or for clients on a standalone basis. We track quarterly in accordance with the Life Settlement Contract requirements and state regulation. In addition, we utilize a specially designed web-based system to search for deaths on a weekly basis.
HIPAA Updating
Obtain new HIPAA releases in conjunction with tracking services and established collection platform for releases, process to obtain new medical records and movement of files to client selected life expectancy environment.
Death Claims
Obtain death certificate. Obtain claim forms, fill them out and send to insurance company. Collect insurance benefits and make disbursements to funder.
Payment Management
Services
Payment Authorizations
Often times MPC works in tandem with a bank that acts as the escrow agent. As a result, MPC performs all the same functions as the escrow agent noted above and then provides Payment Authorization to the bank acting as escrow agent.
Premium Payments
Set up agreed upon premium payment stream in ledger system. Bill client for premiums due each month. Receive funding into escrow account and pay premiums or direct a paying agent, such as a bank to make the payments.
Other Services
Back-up Servicer
Act as back-up servicer if fund administrator or provider can no longer provide servicing.
Monthly Accounting & Reporting
Establish general ledger system to record and report cash activity of the escrow account or fund to include cost accounting of each life settlement purchased including the purchase price, fees and subsequent premium payments.