A life insurance policy owner may sell their policy to a(n) _____ in order to receive a percentage of the policy's face value.

When a life insurance policy owner decides to sell their policy, they typically engage with a viatical settlement provider. This transaction allows the policyholder to receive a lump sum payment that is a percentage of the policy's face value, which can be particularly beneficial if the policyholder is facing terminal illness or significant life changes that necessitate quick access to cash. Viatical settlements specifically cater to individuals who are terminally ill, enabling them to monetize their life insurance policy before death.

Viatical settlement providers are specialized entities equipped to evaluate life insurance policies and offer an appropriate settlement amount based on various factors, including the policy's face value and the insured's life expectancy. Engaging with a viatical settlement provider allows the policy owner to navigate this complex financial transaction effectively and ensure they receive the monetary benefit suited to their needs.

The other roles mentioned, such as an insurance broker, financial advisor, or claims adjuster, do not facilitate this kind of transaction. An insurance broker primarily sells or negotiates insurance products, a financial advisor provides advice on managing finances and investments, and a claims adjuster assesses insurance claims to determine the insurer’s liability. None of these roles pertain to the selling of life insurance policies for cash value.