If a person advertises the availability of life settlements they MUST be licensed as a

A special purpose entity (SPE) is a legal entity created for a specific purpose, such as isolating financial risk or holding certain assets. While SPEs may be involved in financial transactions related to life settlements, they do not engage in the brokering or advertising of life settlements and thus do not require a specific license for this activity.

A related provider trust is a trust set up to manage the benefits of a life insurance policy and facilitate transactions in a compliant manner. However, it does not act as a broker or advertise life settlements; therefore, it does not require the licensing that brokers must obtain to operate legally in this field.

A life insurance company issues life insurance policies and manages the associated risks. Although they may deal with life settlements, they do not advertise life settlements directly, nor are they required to be licensed as brokers for this purpose. Their licensing is specific to underwriting and selling insurance products.