Neuma’s investors can select a number of major international banks as independent escrow agent / trustee; for smaller transactions, we have available a reputable, local Certified Public Accounting firm.

Each escrow agent is responsible for verifying:

• That the declared policy is in force and is assignable;
• That there are no liens on the policy;
• That the assignment/transfer of ownership and beneficiary has been accepted and recorded by the insurance company;
• The due date for payment of premiums;
• The amount of the premiums;
• The method of payment of the premiums;
• The address where the premium payments are to be sent;
• That the insurance carrier meets the required rating criteria;
• That an approved medical underwriter has issued the life expectancy report; and
• That once the insured passes away, Neuma promptly obtains the death certificate and notifies the insurance company.

The escrow agent / trustee then collects the policy’s death benefit and forwards it directly to the investor.