WHAT IS A LIFE SETTLEMENT BROKER?
A life settlement broker, on behalf of the owner of a life insurance policy, offers or attempts to negotiate life settlement contracts between the owner and life settlement providers. The broker represents only the owner, and owes a fiduciary duty to the owner to act in accordance with the instructions and in the best interests of the owner.
We are aware of a phishing scam targeting insurance professionals claiming that the National Association of Insurance Commissioners received a complaint that the professional submitted a falsified claim. This fraudulent email displays the NAIC and CIPR logos, can originate from what appears to be an naic.org or gmail.com email account, and instructs the recipient to click on a link to download the complaint notification.
Certain antivirus products will detect this as a malicious email. If you receive a similar email and have any concerns, contact the NAIC Service Desk at (816) 783-8500 or [email protected].