Where does a broker's loyalty lie

To say that the life insurance business is complex is an understatement. It's tough to navigate even for professionals let alone a senior trying to do the best for them and their family. Between life settlements, premium financing and all the different types of policies there are opportunities to do amazingly good deals for a senior, but you need to know your options.

The key is to be confident your life settlement broker or life insurance broker is working squarely to get you a great deal. The business is competitive with many potential companies to choose from. Find out if they are shopping your case to different life insurance companies. Is your broker showing you a variety of premium finance options? If they are showing you options its a good indicator they are working hard to find you a good deal.

There are always multiple ways that a life settlement or life insurance deal can be structured and each typically has pros and cons. Ultimately it is upto the family to decide what is right for them. The role of the broker should be to clearly present the options, answer any questions and then execute the families wishes.