Wednesday, May 10, 2006

Life Insurance Settlement Association Brokers

Life Settlement Brokers

This means a person who, on behalf of an Owner and for a fee, commission or other valuable consideration, offers or attempts to negotiate Sales Contracts, between an Owner and one or more Providers, the subject of which is a Life Settlement. A broker represents only the Owners and owes a fiduciary duty to the Owner to act according to the Owners instructions, notwithstanding the manner in which the Broker is compensated. A Broker does not include an attorney, certified public accountant or financial planner retained in the type of practice customarily performed in their professional capacity to represent the Owner whose compensation is not paid directly or indirectly by the Provider.

This is definition is from LISA

Two standout brokers are:

Life Settlement Broker
- Trinity Financial Services, a full service life settlement broker.

Life Settlement Pro - A Life Insurance Settlement and Viatical Settlement Broker.