Life Settlement Broker vs Provider: What’s the Difference?

When considering a life settlement, it’s important to understand who you are working with. The two primary roles in the transaction are brokers and providers—and they serve very different functions.

What Is a Life Settlement Broker?

A broker represents the policyholder. Their role is to present the policy to multiple buyers and help secure the best possible offer.

What Is a Life Settlement Provider?

A provider is the buyer. They purchase the policy and become the new owner, taking over premium payments and receiving the death benefit.

Key Differences

Broker: Represents you
Provider: Purchases your policy
Broker: Shops multiple buyers
Provider: Makes an offer

Why This Matters

Working with a broker can create competition among buyers, which may improve the final offer.

Next Steps

Learn how to sell your policy or check your policy value.