LifePoint provides all management and operations services to administer the program and eliminate the administrative and financial burden to the charity. This service includes:
- Development of the policy generation strategy (marketing assistance)
- Handling of all incoming inquiries from potential donors (LifePoint Call Center)
- Communication and correspondence with donors during the donation process
- Communication with the life insurance companies
- Due diligence on potential policy donations
- Handling of policy transfer paperwork
- Premium payments and tracking
- Donor tracking
- Portfolio management (analysis, reconciliations, etc.)
- Death benefit/distribution forecasting
- Death claim processing
- Quarterly reporting
