Quotesmith.com Inc. is applying for the licenses it needs to help consumers sell their life insurance policies.

Quotesmith.com, Darien, Ill., best known for its Web-based insurance brokerage services, says it hopes to get into the life settlement business by reaching out to the 225,000 consumers who have purchased insurance policies through the Quotesmith.com site.

Quotesmith.com hopes to get into the market without investing extra capital or hiring new employees, the firm says.