Question

A Life Settlement Broker is exclusively the representative of the __________ who seeks to sell his interest in the policy.

Answer 1

Answer: The life policy owner

Explanation: a Life insurance policy is a policy where the a person(insured) agrees to pay certain amount periodically to an insurance company(insurer or assurer) to gain some terminal benefits.

A life settlement Broker is a person who acts in place of the owner of the life policy especially as it has to do with the buy or sale of a life policy when needed. Life policy brokers are regulated by the Department of insurance through the states in the United States of America.

Line insurance settlement brokers are lincensed by by the state through the regulatory body appointed or acting for the government.

Answer 2

Policy owner

Step-by-step explanation:

A Life Settlement Broker must be a practicing, experience and licensed Life agent who represents the owner and performs a fiduciary duty to the owner to act in accordance with the owner's best interest and instructions.