Life-settlement broker, Life Agent question

Discussion in 'General Insurance Agent Discussions' started by anthony, Nov 26, 2006.

  1. anthony
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    anthony New Member

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    Hey there, hope you all had excellent Thanks Giving!
    I have a quick question for the experts. While reading the licensing
    requirements in order to become a life settlement broker,
    it mentions that one should first obtain a life-agent license.

    By "life-agent" do they mean an insurance agent license, or is this
    something else?

    Anyone on here did this type of transaction?

    Thank you very much for your time.

    Best Regards,
    Anthony
     
  2. joshril
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    joshril Guru

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    Life Settlement

    Yes, it's a life insurance license. What experience do you have with life settlements, and why do you want to sell them??
     
  3. anthony
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    anthony New Member

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    thanks

    Thanks for the reply. :)

    To answer your question.

    The reason I'm interested is because I have a heavy marketing
    campaign running that targets this sort of thing in parallel with
    another product (used to target life insurance prospects before). I had a few prospects transfered to a life broker and the results were very promising. So I am trying to get setup with this - and fly solo.

    Appreciate the reply, thanks alot bud! :wink:

    Warm Regards,
    Anthony
     
  4. joshril
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    joshril Guru

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    Life Settlements

    Good luck! What companies are you brokering for?
     
  5. anthony
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    anthony New Member

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    ...

    Currently can't broker (hence why the post).
    I only provide the prequalified customers
    TO the broker. I was dealing with Welcome Funds.

    Regards,
    Anthony
     
  6. DerekW.
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    DerekW. New Member

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    Re: Life-settlement broker, Life Agent question.

    Anthony,

    I work for a life settlement provider that often works directly with the agents. I might be able to help you out with some things you are trying to accomplish. We are firm believers that education is key in order for the market to further expand and are willing to spend time educating agents on the life settlement process. How active are you in the market currently? What states are you licensed in?
     
  7. lifesettlementadvisor
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    lifesettlementadvisor Guru

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    Re: Life-settlement broker, Life Agent question.

    Anthony:

    this seems to be an old thread, but if you are still interested, each state has different broker requirements. Some states want you to have a life license, others don't care. Also there are a large amount of unregulated states. In places like CA and NY, most brokers do not have a license and will only do business in these unregulated states.


    Derek: do you ever make a post without pitching milestone? i think everyone understand that you work for them now, its unnecessary to start each of your posts with 'i work for a life settlement provider'
     
  8. DerekW.
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    DerekW. New Member

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    Re: Life-settlement broker, Life Agent question.

    I understand this life and apologize if I seem like I am pitching too much. However, I have yet to speak with Anthony. I was simply introducing myself and attempting to establish a relationship. I would made this message to Anthony a PM, so that I do not remind everyone that I work for Milestone. It's just that I'm new to the forum and do not yet have the ability to do so.
     
  9. lifesettlementadvisor
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    lifesettlementadvisor Guru

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    Re: Life-settlement broker, Life Agent question.

    He probably hasn't responded to you yet because he asked his question two years ago and hasn't been active since.
     
  10. retread
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    retread Guru

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    Re: Life-settlement broker, Life Agent question.

    Derek... look at the date of Anthony's post. It is two years old... he may no longer be active on this forum, or even interested in this sales concept anymore...
     
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