Do financial and insurance professionals have a fiduciary responsibility to make the Life Settlement option available to their clients?
Providing the client with all available legitimate opportunities that could be of benefit is always prudent. This is true in the case of Life Settlements. A fiduciary responsibility is typically described as existing when one places trust or confidence in another person who accepts that trust and occupies a position of influence over the first person. Your clients rely on you to be knowledgeable of opportunities available and expect you to consider those opportunities when giving advice.
