WHAT IS A LIFE SETTLEMENT BROKER?

NEW AGENCY


Arizona Department of Insurance
100 North 15th Avenue, Suite 261

Phoenix, AZ  85007-2630


Starting July 1, 2020, we became the
Department of Insurance and Financial Institutions (DIFI).


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.