Final answer:
An association managing a platform for displaying offers and counteroffers for life settlement contracts is commonly known as a life settlement broker or provider, helping to facilitate transactions between policyholders looking to sell their life insurance policies and interested investors.
Step-by-step explanation:
An association which maintains a facility that displays offers and counteroffers for purchasers or sellers of life settlement contracts is typically known as a life settlement broker or a life settlement provider. These entities act as intermediaries between the owners of life insurance policies who wish to sell their policies and investors who are willing to purchase them.
The market for life settlements is an alternative investment space where policyholders can liquidate life insurance policies they no longer need or cannot afford, often for an amount greater than the cash surrender value offered by the insurance company.