Life Settlement Company – Who’s Who?
Posted by The Policy Settlement Alliance on Tue, Jul 27, 2010 @ 06:38 PM
By Joseph W. Horner
As one enters the world of selling an unwanted or un-needed life insurance policy you will want to know what life settlement company to work with. At this point one may be at a point of now knowing what one doesn’t know which is which company is it that buys your policy.
While there are many people involved in a life settlement transaction there are three basic entities often given the label life settlement company. One is the broker orchestrating the transaction; another is the investor with the money to buy and third is a life settlement provider which adheres to the regulatory issues surrounding the purchase of a life insurance policy.
While it is possible to not use a broker in such a transaction it is not advisable and at times an investor takes the time and effort to license themselves to serve both the life settlement provider and investor roles. Because of this the life settlement company role can change depending on your specific situation. Since the life settlement provider role creates most of the documentation for the completion of a life insurance policy sale it is most often construed as the life settlement company.
There is no written guideline for this terminology so it is really more important to focus on the functions performed by the different entities involved in this transaction. A life settlement company in whatever role they take on needs to assist in finding the best settlement for your policy and ensure documentation is handled correctly while steering the person settling the policy around any potential problems in the process.
To find out more about a life settlement please visit LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.