| Aspect | Life Settlement Broker | Life Insurance Agent |
|---|
| Credentials | May require licenses such as life settlement or insurance licenses | Typically requires an insurance license |
| Work Environment | Works with clients to sell existing life insurance policies in secondary markets | Sells new life insurance policies to clients |
| Employer & Industry | Operates within the life settlement industry, often independent or brokerage firms | Employed by insurance companies or independent agencies |
| Primary Focus | Facilitating the sale of existing policies for clients | Selling new insurance policies to clients |
While both roles involve working with life insurance, a Life Settlement Broker specializes in helping clients sell their existing policies in the secondary market, often requiring specific licenses. In contrast, a Life Insurance Agent focuses on selling new policies to clients, typically working directly for insurance providers or agencies.