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  • Life Settlement Broker

    Description:

    Life settlement brokers are special insurance company intermediaries who represent eligible life insurance policyowners, for a fee or a commission, in negotiated arrangements which enable partial policy proceeds payments in advance of death.

    Licensing Requirements:

    Applicants seeking to become a licensed life settlement broker in New York State must apply to the NYS Department of Financial Services. Licenses must be renewed annually.

    Licenses Issued and Active:

    As of September 7, 2012, there were 230 active licenses for this occupation.

    Licensing Authority:

    NYS Department of Financial Services
    Applications and Licensing
    One Commerce Plaza
    Albany, New York 12257
    Email: licensing@dfs.ny.gov

    Standard Occupational Classification:

    13-2099 - Financial Specialists, All Other
    To learn more about this occupation search the Occupational Information Network (O*Net).

    Disclaimer:

    Fees stated and other information contained in this report are subject to change. Please contact the licensing authority listed above for the most current information.

    This page was last updated on 11/1/12.

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