A licensed person that, for a fee, negotiates viatical settlement contracts between the viator and viatical settlement providers; represents the viator

A licensed person that, for a fee, negotiates viatical settlement contracts between the viator and viatical settlement providers; represents the viator

• A. Viatical producers
• B. Viatical settlement provider
• C. Viator
• D. Viatical settlement broker

Answer: (D)

In a viatical settlement, the person who negotiates the contract between the policy owner (viator) and the settlement provider for a fee and represents the viator’s interests is the viatical settlement broker. This role is all about facilitating the deal, explaining terms, and ensuring the viator’s rights are protected throughout the negotiation, rather than purchasing or soliciting policies themselves. The provider is the entity that buys the policy, the viator is the seller of the policy, and viatical producers are those who solicit settlements. So the described role fits the viatical settlement broker.

In a viatical settlement, the person who negotiates the contract between the policy owner (viator) and the settlement provider for a fee and represents the viator’s interests is the viatical settlement broker. This role is all about facilitating the deal, explaining terms, and ensuring the viator’s rights are protected throughout the negotiation, rather than purchasing or soliciting policies themselves. The provider is the entity that buys the policy, the viator is the seller of the policy, and viatical producers are those who solicit settlements. So the described role fits the viatical settlement broker.