Life Settlement Rules & Consumer Protection
Life settlements are among the most heavily regulated transactions involving life insurance. Across the United States, state insurance departments oversee licensing, disclosures, consumer protections, privacy requirements, and transaction standards designed to protect policy owners.
Today, 43 states and Puerto Rico have adopted life-settlement-specific statutes, while additional jurisdictions regulate these transactions through broader insurance or viatical settlement laws. As a result, requirements such as waiting periods, disclosures, and rescission rights may vary depending on where a policy was issued.
The common goal across all jurisdictions is consumer protection, transparency, and informed decision-making.
Life Settlement Rules & Consumer Protection
Life settlements are among the most heavily regulated transactions involving life insurance. Across the United States, state insurance departments oversee licensing, disclosures, consumer protections, privacy requirements, and transaction standards designed to protect policy owners.
Today, 43 states and Puerto Rico have adopted life-settlement-specific statutes, while additional jurisdictions regulate these transactions through broader insurance or viatical settlement laws. As a result, requirements such as waiting periods, disclosures, and rescission rights may vary depending on where a policy was issued.
The common goal across all jurisdictions is consumer protection, transparency, and informed decision-making.
By The Numbers
50
States where life settlements are legal
43 + Puerto Rico
Jurisdictions with life-settlement-specific legislation
2
States regulating viatical settlements only
90%+
Of Americans live in states with life settlement regulation
Select a state on the map to view the specific life settlement regulatory framework.
How Regulation Protects Policy Owners
Life settlement transactions are designed with consumer safeguards, which commonly include:
These protections help ensure every transaction is transparent and fully documented.
State Rules May Vary
Although life settlements are available nationwide, requirements such as waiting periods, disclosures, and rescission rights can differ depending on the state where the policy was issued. Most policies can still be reviewed regardless of location, but the process may follow different guidelines based on state law.
What Happens Next
Before walking away from a policy you've paid into for years, understand all of your available options.
Policy information is submitted for professional review
Licensed professionals evaluate potential market value
If eligible, offers may be presented from qualified buyers
You decide whether to proceed with the sale of your policy
What Happens Next
Policy information is submitted for professional review
Licensed professionals evaluate potential market value
If eligible, offers may be presented from qualified buyers
You decide whether to proceed with the sale of your policy
There is no obligation to move forward at any stage
Start a Confidential Review
Begin with a fast, no-cost review to understand what your policy may be worth under current market conditions.
We use cookies to improve user experience. Choose what cookie categories you allow us to use. You can read more about our Cookie Policy by clicking on Cookie Policy below.
These cookies enable strictly necessary cookies for security, language support and verification of identity. These cookies can’t be disabled.
These cookies collect data to remember choices users make to improve and give a better user experience. Disabling can cause some parts of the site to not work properly.
These cookies help us to understand how visitors interact with our website, help us measure and analyze traffic to improve our service.
These cookies help us to better deliver marketing content and customized ads.