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Life Settlement Broker Individual Statement SFN 50502  Form

Life Settlement Broker Individual Statement SFN 50502 Form

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Insurance guide 360 insure with confidence what is a life settlement broker ncna life settlement broker is a licensed professional who assists policy holders in selling their life insurance policies they act as intermediaries between the seller and potential buyers their primary role is to obtain the best possible offer for the policy holder when policy holders no longer need their life insurance they may consider a life settlement this is where a broker comes in the broker evaluates the policy's value and seeks out interested buyers the broker's job involves extensive market knowledge and negotiation skills they ensure that the policy holder receives a fair price for their policy this price is generally higher than the policy's cash surrender value nlife settlement Brokers must be licensed in the states where they operate they adhere to strict regulatory standards to protect policy holders these standards include full disclosure of fees and potential conflicts

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