Life Settlement Provider

  • A life settlement provider is a company that is licensed by the Department of Insurance to purchase life insurance policies through life settlement transactions. Life settlement providers may purchase policies for their own account or on behalf of institutional investors or financing entity clients. Most states require a life settlement provider to obtain a license, abide by life settlement regulations and have purchase contracts approved prior to accepting policies for review to offer or purchase. The state of residence or domicile of the policy owner determines the state jurisdiction for proper licensing purposes.