We recommend that you gather all information in your possession regarding your life insurance policy including original policy, insurance company statements, premium payment history, and premium due notices, ownership and beneficiary documents, and any other communications with the insurance company. We also recommend that you have all of your physician and medical facility information including doctor’s name, address, telephone and other contact and pertinent information.

Step 1:Complete the on-line prequalification and electronic medical release and disclosure forms – we will require medical, life insurance, and other personal information about the patient/insured.

Step 2:If you have chosen to pursue the ACS process to quicken the outcome of a sale of the policy, you would have checked “Yes” in Step 1. The insured has provided a date and time which would be best for the medical phone interview by a third party underwriter. They will contact you at that specific time to do the call. In preparation for the call, please have your entire medical and physician’s information available so you can reference it on the call.

Step 3:You will receive a state specific evaluation package via email from us or our partnering broker. This is required so that they can obtain information that is necessary to confirm life insurance policy information with the insurance company that issued the policy.

Step 4:After the broker receives the information from the insurance company, the purchaser will finalize the bid and present it to the broker. The policy owner then has the right to accept or decline with no obligation.

Step 5:If the offer is accepted, the purchaser will put together closing contracts and send them to the broker. The broker will then prepare them so that you may quickly and efficiently complete, and return them along with other required documentation.

Step 6:Once the carrier makes the changes to the ownership and beneficiary of the policy, the third party Escrow Agent disburses the proceeds to the owner or other designated party as you have chosen in the closing contracts.

Step 7:If the policy owner has not rescinded (the availability of a “free look” for a certain period after the proceeds are received or when the contract is signed, which is state specific) then the purchaser will place the policy in policy management and begin to pay premiums and track the insured on an ongoing basis.

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The Harvest Asset Conversion System allows a terminally or chronically ill client to access the future value of their current assets. The assets include existing life insurance policies, structured settlements, annuities, and other payment streams. The secondary markets for these type of assets have existed for many years; however, Harvest has perfected a method to bring the benefit to the client in a more rapid and efficient manner. The goal of the system is to provide benefits now for clients to use as needed for medical and treatment expenses, utility payments, mortgage payments, groceries and any other basic or necessary expenses.

To help clients access the funds they need immediately, a life insurance policy is sold to a third party institutional investment group in exchange for a lump sum cash payment. This transaction also relieves the policyholder of all current and future premium liabilities. Structured settlements and annuities pay monetary amounts at period specific times in the future; the Asset Conversion System provides a single lump sum cash payment today in exchange for all future payment streams.

The Harvest system created a method to provide a fair, quick, and substantial offer to clients so they avoid a longer, drawn out process that is common in each secondary market transaction. Doing it right the first time converts client’s assets into cash so that yesterday, today, and future expenses are covered in the quickest possible manner.

TRANSACTIONAL PROCEDURES
STAGE	1 Preliminary Review	2 Application & Underwriting	3 Bidding & Negotiations	4 Closing Process	5 Settlement & Disbursements
Traditional Settlement Option	Settlement Need Identified Pre-Qualification & Informal Pre-Market Pricing Advisor Consultation & Decision to Market Case	Client Completes Forms & HIPAA Case Underwriting Independent Life Expectancy Underwriting Market Submission	Contingent Bidding Auction-like Negotiations Bid Communication Accept or Decline	Closing Documents Completed by All Parties Closing Contingency Fulfillment Transfer of Policy Title to Purchaser	Disbursement of Policy Owner’s Settlement Proceeds Rescission Period
	WEEK 1	WEEK 1 - 4	WEEK 4 - 8	WEEK 8 - 16	WEEK 16 - 20
Harvest Program	Online Pre-Qualification Forms Phone Interview with Medical Underwriter Qualification Decision	Client Completes Forms & HIPAA Policy Illustrations Requested from Carrier Bid Made Accept or Decline	No Bidding Process Necessary	Closing Documents Completed by All Parties Closing Contingency Fulfillment Transfer of Policy Title to Purchaser	Disbursement of Policy Owner’s Settlement Proceeds Rescission Period
	WEEK 1	WEEK 1 - 4		WEEK 4 - 8	WEEK 8 - 12
	FUNDS DISBURSED 1 - 3 MONTHS QUICKER THAN A TRADITIONAL SETTLEMENT

Today, there are millions of Americans suffering from chronic or terminal illnesses and many of these people have no means to pay for basic medical or personal expenses. Having to make choices between necessities is not an easy process. The Harvest Asset Conversion is determined to provide another option for those that are searching for a better way to care for themselves and their families.

There are many reasons why a client would consider or need a Harvest Asset Conversion. Some situations include the following:

1. Finances
2. Health options
3. Family planning
4. A sudden change in health forces the insured to lose their income;
5. Health insurance coverage has reached its lifetime maximum;
6. An unplanned illness combined with a lapse or lack of health coverage provides no benefit;
7. Credit agencies and other creditors are calling incessantly;
8. Lack of Mental focus caused bills and other expenses to go unpaid;
9. Pressures of children’s present vs. future becomes the focus and need to be handled;
10. Loss of a home due to financial losses leads to returning to a childhood home and the pressures and family issues continue to make the situation worse;
11. Experimental treatments are neither covered by insurance nor used in the United States requiring travel to a foreign country;
12. Children or spouse need dental, medical or other care, but none are covered by insurance and there are no means to afford the care;

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