How do we collect confidential information?
The information we collect may be obtained in several ways: via e-mail or U.S. postal mail, telephonically or in person. We may also obtain information when an online form or life settlement application is filled out.
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Will confidential information be disclosed to third-parties?
Our clients’ medical, financial and personal data will never be disclosed to or shared with third-parties who are not involved in the settling of a life insurance policy without written consent, except when required under law or litigation. In order for us to provide services on our clients’ behalf, confidential information may be forwarded to high-quality life settlement industry participants, such as brokers and providers, who are committed to protecting client privacy. These reputable affiliates are required to keep all of our clients’ information strictly confidential. For more information, see Is the life settlement process confidential?.
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What measures are taken to protect confidential information?
We have electronic, physical and procedural safeguards in place to protect your confidential information. Once your life settlement application (and all documentation pertaining to it) has been received and processed, your information will be stored and secured on password-protected computer systems both on and off site. Access to this information is granted and given only to employees on a strictly ‘need to know’ basis. Once your information is stored and encrypted on our systems, it will be backed up for loss-preventative measures. In addition, once no longer needed, all hardcopy forms and documentation will be properly shredded and discarded.
*Please note that we cannot be responsible for the security of any information sent to us via e-mail. Although our e-mail servers use encryption technology, e-mails sent to us may have gone through numerous servers that are not protected. We therefore advise against sending any confidential information via e-mail.
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What kinds of confidential information do we gather?
Depending on the services we provide you, information we gather can vary from basic contact information such as your name, e-mail or telephone number as well as more sensitive financial, medical and insurance policy information. The following are scenarios in which we gather information about you, including the kind of information we collect:
Contacting Legal Life Settlements. Should you contact us with a question or inquiry, we will collect your name, phone number and/or e-mail address so that we may promptly respond to you. Upon your request, you may be asked a series of preliminary questions concerning your health status and insurance policy information to assess the viability of a life settlement transaction for your policy.
Filling out a life settlement application. Should you fill out a life settlement application, you will be required to sign authorization forms, which will give us access to your medical and insurance policy information, and allow us to forward this information to our high-quality affiliates to further process your application.
Filling out a life settlement application requires you to disclose the following information:
• Insured/Policyholder’s Name
• Current Address
• Social Security Number
• Date of Birth
• Phone Numbers
• E-mail Address
• Marital Status
• Financial Data
• Description of current medical condition(s)
• Names of attending physicians/specialists
• Medical Records/Documentation (Attending Physician Statements)
• Life Insurance Policy (In-Force Ledger)
• Copy of a Valid Driver’s License
Visiting Our Website. As most websites do, we gather certain information automatically when you visit us on the web, this includes your:
• Internet Protocol (IP) Address
• Browser Type
• Internet Service Provider (ISP)
• Referring/Exiting Pages
• Operating System
• Date/Time Stamp, and
• Clickstream Data (what you click on while browsing our website)
This information does not identify who you are, and is used only to monitor and analyze trends while navigating around our website.
Our website also uses "cookies" to see which parts of our site are most often visited as well as the frequency and length of each visit. There is no personal information collected by this technology, and it is used solely to better understand user traffic patterns.
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What are the situations in which Legal Life Settlements may contact you?
The following are situations in which we may contact you:
1. In response to your inquiry or comment.
2. In response to your filling out a life settlement application in order to:
• Update you on the status of your application.
• Provide relevant information to you.
• Obtain more information from you in order to further process your application.
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Is there an opt-out option for the information disclosure authorizations?
You may, at any time, revoke your information disclosure authorizations by notifying Legal Life Settlements in writing, and sending it to:
Legal Life Settlements
8636 Ibis Cove Circle #1
Naples, FL 34119
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How long will confidential information be stored?
Some state laws require us to retain your confidential information and any documentation pertaining to the sale of your life insurance policy for a certain period of time. We retain life settlement application information and documentation containing your medical and insurance policy information for a period of 5 years or as mandated by law.
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What are the current laws or regulations on protecting privacy?
Listed below are current privacy laws or regulations relating to the life settlement industry. This list is not comprehensive, and it is advised that you look elsewhere to obtain more information.
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