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What does a life settlement broker represent?

Understand the Problem

The question is asking for an explanation of the role of a life settlement broker, specifically what they do and who they represent in the life settlement process.

Answer

Represents the seller of the policy.

A life settlement broker represents the seller of the life insurance policy.

Answer for screen readers

A life settlement broker represents the seller of the life insurance policy.

More Information

A life settlement broker serves as an intermediary to negotiate the sale of a life insurance policy on behalf of the policy owner. They are state-licensed professionals who work to get the best offers for the seller.

Tips

Common mistakes include confusing the life settlement broker with a life settlement provider. The broker represents the seller, while the provider buys the policy.

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