Life Settlement Brokers:

  • Connect the sellers of an insurance policy with buyers.
  • Represent the policy owner and negotiate the best possible offer for an individual’s unique case, which may be accepted or rejected by the policy owner.
  • Owe a fiduciary duty to the policy owner.
  • Do not include an attorney, certified public accountant or financial planner retained in the type of practice customarily performed in their professional capacity to represent the owner whose compensation is not paid directly or indirectly by the Provider.

Questions to ask a life settlement broker:

  • Licensing – Is the broker fully licensed or do they use borrowed licenses?
  • Does the broker provide E&O coverage for you?
  • Does the broker provide bid transparency?
  • Does the broker have any ownership interest in a provider/buyer?
  • Does the broker or its principals buy polices for their own investment portfolio?
  • Have any of the principals or their team been involved in any legal/litigation issues that should be disclosed?
  • How many years have they been operating as a broker?
  • Does the broker adhere strictly to HIPAA laws?
  • What systems does the broker have in place to protect sensitive client data?
  • How do they document bid transparency?
  • Have any of the principals or their team been involved in any legal/litigation issues that should be disclosed?

Life Settlement Providers:

  • Specialize in purchasing life insurance policies in the life settlement market.
  • Normally raise capital from institutional investors.
  • Working directly with a provider may eliminate intermediaries and expedite the transaction.

Stay Informed of Industry News

Latest Blogs

12/09/2020

Evaluating Life Settlement Providers

Evaluating life settlement companies can be a difficult and confusing process. The process of selling an unwanted or unneeded policy is regulated in most states…

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10/15/2020

Explaining Life Settlements - What Policyholders Need to Know

Do you have a life insurance policy that you’re about to let lapse? Are you 65 years or older? 

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09/16/2020

5 Tips for a Successful Life Settlement Negotiation

There are a lot of factors that go into determining the value of a life settlement. However, none are as important as your ability to…

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03/03/2020

LISA Endorses H.R. 5958, the “Senior Health Planning Account Act”

The Life Insurance Settlement Association (LISA) today endorsed H.R. 5958, the “Senior Health Planning Account Act”, introduced by Rep. Brian Higgins (D-NY) and Rep. Gregory…

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