PREMIUM PAYMENT AND POLICY MAINTENANCE SERVICES

Close attention and diligent supervision are key to insuring the prosperity of a portfolio. With fluctuations in premiums and various insurance company changes, it is important to have a staff that is proficient in monitoring each individual policy schedule as well as skilled in rectifying any situations that may cause potential harm to the viability of a policy. NorthEast Escrow Services will:

*Change all addresses to reflect owner and/or payee. Contact insurance companies to obtain forms to change payee address.

*Execute change of ownership and beneficiary paperwork.

*Monitor the premium schedules to ensure the good standing of all policies. NES will also evaluate the internal cash value of policies as a tool to reduce premium obligations.

*Schedule and remit premiums by entering all bills into a software program and generating checks monthly, quarterly, semi-annual or annual. All options are available to fit your needs.

*Generate monthly premium reports showing dates, check numbers and amounts paid for each policy.

*Review and sort all mail received and update program with current data. Record updates and file premium invoices.

*Monitor insurance policies that are exercising a waiver of premium provision. Contact each insurance company; obtain medical update forms for continuing premium waiver; forward waiver forms to the insured; follow up with insured, and submit forms to insurance company upon receipt; record new information to track next required update form.