Longevity Services

Responsive and adept administration

Wells Fargo offers a comprehensive array of third-party longevity services. We will work closely with you to help you administer new and existing portfolios. Our longevity services include:

  • Securities intermediary. You can simplify future policy sales by listing Wells Fargo Bank, N.A. as your securities intermediary, making us the beneficiary of record with the insurance carrier.
  • Verification agent and document custodian. We can verify that documentation packages and policies meet predetermined eligibility criteria. Your files will be held in our state-of-the-art secured facility.
  • Escrow agent. We can facilitate policy transfers between buyers and sellers in accordance with the escrow agreement.
  • Policy administration. We can handle your program’s day-to-day administration, including submitting premium payments, collecting death benefits, resolving issues with insurance companies, and working closely with mortality tracking service providers.
  • Trustee. We can act as trustee to ensure your transactions are handled in accordance with deal documentation.
  • Delaware statutory trust trustee. Through our Delaware office, you can leverage the many advantages of using a Delaware statutory trust.
  • Irrevocable life insurance trust trustee. We can administer your irrevocable life insurance trust in the locations we serve.
  • Back-up servicing. We can provide ongoing monitoring and can step in as servicer if the primary servicer is unable to perform. This service mitigates investor concern about servicer stability.
  • Individual unique identifier. We can assign a unique identifier to referenced insureds to help eliminate multiple trade exposure.