The viatical settlement provider is the entity that purchases life insurance policies from individuals with terminal illnesses, offering them cash for their policy. Among the options provided, the correct answer is option D. Understanding the roles of other participants, such as brokers and agents, helps clarify this process.
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The viatical settlement provider is an entity that purchases life insurance policies from individuals with terminal illnesses. This provider plays a crucial role in the viatical settlement process. It's distinct from other roles like brokers and agents who facilitate the transaction. ;