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.
Sources
- Who Does a Life Settlement Broker Represent - lifesettlementoption.com
- Life Settlement Broker | Welcome Funds - welcomefunds.com
- Life Settlement Broker - DIFI - difi.az.gov
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