What is a life settlement broker?

A life settlement broker is someone who represents a viator, also known as a policy seller or life settlor, in a life settlement transaction. A life settlement broker is a fiduciary representative of the policy owner who negotiates with buyers to achieve the highest life settlement possible. Some states, define a life settlement broker as: As person who is not a viatical or life settlement provider representative, and who for a commission or other form of compensation, or with the intent of obtaining such compensation.