Who Does a Life Settlement Broker Represent?
You may have seen commercials about Life Settlements and wondered: Who does a life settlement broker represent? The answer is simple—a life settlement broker represents you, the policyholder.
Working with a broker comes with many advantages. First, brokers bring deep industry expertise, helping you navigate the complex regulations and details of your policy. They also have a wide network of qualified buyers, which increases the chances of receiving higher offers for your policy.
Even better, a broker handles all the communication and negotiation on your behalf. That means less stress for you and more confidence in the process.
Real Example: Why a Broker Makes a Big Difference
Take Frank, for example. He had a $1,000,000 life insurance policy and a 4–6 year life expectancy. On his own, the best direct offer he received was $80,000—and he felt it was too low.
Then, Frank decided to work with a licensed life settlement broker.
The broker shopped his policy to multiple buyers.
The opening bids came in at $220,000.
After competitive negotiations, Frank secured an offer of $450,000.
Best of all, the buyer paid the broker’s commission—not Frank.
Because the original offer came from a buyer facing no competition, it was far below the policy’s true market value. By working Life Settlement Process with a broker who created a competitive bidding environment, Frank received over five times the original offer.
Was Hiring a Life Settlement Broker Worth It?
Absolutely.
Brokers advocate for your best interest, help you maximize your policy’s value, and ensure you get fair treatment in a complex market.