Compliance
A licensed provider, compliant with state and life settlement regulation on every transaction, licensed in 30 states and authorized to purchase policies in 37 states plus Washington, D.C.
The Settlement Group, Inc (SGI) is a licensed life settlement provider company. Life settlements are regulated by the Department of Insurance (DOI) on a state by state basis. All documentation used in a life settlement must be approved and on file at the states DOI. The state of jurisdiction for the settlement transaction is usually the state where the owner of the policy and or the insured resides.
Regulations vary from state to state. SGI undergoes a rigorous diligence process with each settlement transaction to ensure all parties involved in the transaction have the appropriate license and that the entire transaction is compliant with state and life settlement regulation.
The following information regarding regulations is current as of July 2026. Regulations are subject to change.
How Long You Must Hold the Policy
Most states require that you own the policy for at least 2 years before you can sell it.
The state of MN requires you hold the policy for at least 4 years.
- MN
The following states require you hold a policy for at least 5 years:
- DE
- OR
- NV
- ND
- NE
- IA
- WI
- OH
- WV
- NH
- VT
Regulated States
The following states regulate life settlements and require a life settlement provider license and licensure by the professional representing the life settlor.
Non-regulated states, Life settlements:
- AL
- DC
- MI
- MO
- NM
- SC
- SD
- WY
States that regulate Viaticals only:
- MI
- NM
SGI holds licenses for Life settlements and Viaticals in the following:
- AL
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- IL
- IN
- IA
- KS
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NJ
- NM
- NY
- NC
- OH
- PA
- RI
- SC
- SD
- TN
- TX
- VA
- WA
- WI
- WY
Regulated States, life settlements and or Viatical settlements:
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MN
- MS
- MT
- NE
- NV
- NH
- NJ
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- TN
- TX
- UT
- VT
- VA
- WA
- WV
- WI
Professional fees/compensation
Some states regulate the amount of Compensation that may be taken by the financial/legal professional that is representing policy owner in the life settlement transaction. In the case where the state does not regulate the compensation, the provider company may have its own policies that determine how much compensation may be earned and or how the amount of compensation is determined. Compensation amounts will vary from transaction to transaction depending on many variables. Compensation is typically disclosed in the purchase agreement. Most of the regulated states require that the amount of compensation be disclosed.
Talk With Our Team Anytime
Have a question about regulations in your state? Call a trained SGI professional. You can also read our life settlement disclosures.