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Reply to Keyman Policy Sale     
Old 04-09-2014, 04:23 PM   #1
DDG
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Keyman Policy Sale Keyman Policy Sale
I have a client that inherited a block of policies from a merger. All are typical keyman coverage (company owner and beneficiary). Getting insured signatures on anything is not possible.

Is there a market to sell these, without the insured signing anything?
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Old 04-09-2014, 04:42 PM   #2
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moonlightandmargaritas on Keyman Policy Sale
 
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Keyman Policy Sale Re: Keyman Policy Sale
Originally Posted by DDG View Post
Is there a market to sell these, without the insured signing anything?
How much you want for them?
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Old 04-10-2014, 12:19 PM   #3
DDG
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Keyman Policy Sale Re: Keyman Policy Sale DDG is the thread starter for: Keyman Policy Sale

Originally Posted by moonlightandmargaritas View Post
How much you want for them?
$.50 on the $1 of DB......

I'm being told that most states require insured authorization before sale can take place.

Any experience that proves this can be worked around?
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Old 09-16-2015, 12:59 AM   #4
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Keyman Policy Sale Re: Keyman Policy Sale
Most states require insured authorization before sale can take place. It is mandatory.
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Old 09-16-2015, 06:37 AM   #5
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Justin Bilyj on Keyman Policy Sale
 
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Keyman Policy Sale Re: Keyman Policy Sale
You need an eoli contract signed...but maybe the mob wants em.
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