Also called: Life Settlement Advisor, Policy Sale Broker
Helps older people sell life insurance policies they no longer want to investors for cash, instead of letting them lapse.
A 78-year-old man can no longer afford his $1 million life insurance policy and plans to drop it. You gather his medical records, get life expectancy estimates and shop the policy to 15 investors. The best bid is $180,000, far more than the $0 he would get by canceling.
Commission-based.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
Bachelor's degree (4-year), about 4 years after high school. Bachelor's in finance or business; state life settlement broker license.
Ways in: 4-year college, Certification. Training cost: $15k – $60k.
Majors to look at: Finance, Business Administration, Risk Management & Insurance.
Growing about average. More seniors are learning they can sell policies.
Low risk in 5 years, medium in 10. Platforms run the bidding; explaining options to seniors and protecting them from bad deals stays human.
Classes: Personal finance, Health class, Business class.
Official data: O*NET occupation 41-3021.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.