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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF LIFE INSURANCE BROKER

The terms "broker" is defined by the various State Departments of Insurance. A broker (a term typically applied to those selling property and casualty insurance) is deemed to primarily represent the customer and not the insurance company. A broker generally represents more than one insurance company, and the broker's compensation is generally paid as a commission by the insurer with whom the policy has been written.

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