Mills Potoczak & Company

Based in Cleveland, Mills Potoczak & Company provides financial services focused on life settlement policy servicing and transaction support. Its services include quarterly life tracking for client policies and weekly searches for deaths through a web-based system. The company obtains updated HIPAA releases, coordinates medical record requests, and moves files to a client-selected life expectancy environment. It also obtains death certificates and claim forms, submits claims to insurers, collects benefits, and makes disbursements. Payment management includes setting up premium payment schedules, billing clients, receiving escrow funding, and paying premiums or directing a paying agent. The firm can provide payment authorizations when working with a bank serving as escrow agent. Additional offerings include backup servicing and monthly accounting and reporting, with general ledger records of cash activity and life settlement costs.