Life Settlement Broker: A Life Settlement Broker sells a life settlement. A life settlement is the sale of a life insurance policy to a third party, where the insured individual does NOT have a known life-threatening or terminal illness or condition. This differs from viatical settlements where the insured individual DOES have a life threatening condition. Besides providing cash, life settlements relieve the policy owner of having to continue to pay life insurance premiums. Follow links for more info on life settlement brokers.
Insurance article 200 - "Insurers push All-in-one Policy" from The Wall Street Journal |