The viatical settlement broker represents which party in the transaction?

The viatical settlement broker represents which party in the transaction?

• A. The viatical settlement provider
• B. The viatical settlement purchaser
• C. The bank
• D. The viator

Answer: (D)

Viatical settlement brokers represent the policyowner, the viator. Their role is to help the viator navigate the settlement process by explaining options, obtaining offers from potential buyers (providers or purchasers), comparing terms, and ensuring all required disclosures and regulatory requirements are met. The broker advocates for the viator’s interests and smooths the paperwork, while the other side of the deal is the investor or provider, not the broker. So, the broker’s client and focus is the viator, which is why the correct answer is the viator.

Viatical settlement brokers represent the policyowner, the viator. Their role is to help the viator navigate the settlement process by explaining options, obtaining offers from potential buyers (providers or purchasers), comparing terms, and ensuring all required disclosures and regulatory requirements are met. The broker advocates for the viator’s interests and smooths the paperwork, while the other side of the deal is the investor or provider, not the broker. So, the broker’s client and focus is the viator, which is why the correct answer is the viator.