Podcast
Questions and Answers
What is the primary role of a life settlement broker?
What is the primary role of a life settlement broker?
- Negotiating with insurance providers
- Acting in the best interest of the life settlement provider
- Soliciting and negotiating life settlement contracts for policyowners (correct)
- Assessing life expectancy for the insured
Who does the term 'owner' refer to in the context of life settlement contracts?
Who does the term 'owner' refer to in the context of life settlement contracts?
- Policyholders seeking to enter into life settlement contracts (correct)
- Insurance providers
- Life settlement providers
- Qualified institutional buyers
Which entity is NOT included in the term 'owner' when discussing life settlement contracts?
Which entity is NOT included in the term 'owner' when discussing life settlement contracts?
- Insurance provider
- Qualified institutional buyer
- Life settlement provider (correct)
- Financing entity
What does 'life expectancy' represent in the context of life settlement contracts?
What does 'life expectancy' represent in the context of life settlement contracts?
What distinguishes a life settlement broker from other entities involved in life settlement contracts?
What distinguishes a life settlement broker from other entities involved in life settlement contracts?
What is the main financial transaction involved in a life settlement?
What is the main financial transaction involved in a life settlement?
Why do policyowners often choose to sell their life insurance policies?
Why do policyowners often choose to sell their life insurance policies?
When might a policyowner receive more money from a life settlement provider than by surrendering the policy for cash value?
When might a policyowner receive more money from a life settlement provider than by surrendering the policy for cash value?
What does the term 'business of life settlement' refer to?
What does the term 'business of life settlement' refer to?
In what scenario would a life settlement provider be interested in purchasing a policy?
In what scenario would a life settlement provider be interested in purchasing a policy?
