In a viatical settlement arrangement, the party who enters into the arrangement with the policyowner is called a:

In a viatical settlement arrangement, the party who enters into the arrangement with the policyowner is called a viatical settlement provider. This entity purchases the life insurance policy from the policyholder, also known as the viator. The provider agrees to pay a lump sum for the policy, which is usually less than the death benefit but more than the cash surrender value. Following the purchase, the viatical settlement provider typically becomes responsible for paying the premiums on the policy and receiving the death benefit when the policyholder passes away.

This role is crucial in viatical settlements, as the provider facilitates the transaction and ensures that the policyholder can access funds that may be needed for medical expenses or other financial needs related to a terminal illness. The other terms refer to different roles within the viatical settlement ecosystem: the viator is the seller, the broker facilitates transactions between the viator and providers, and the purchaser often relates to the financial entity acquiring the policy in the end transaction. Understanding these definitions helps clarify the participants involved in a viatical settlement arrangement.