Pick any two states below to see their life settlement rules side by side — regulator, governing law, rescission (“free-look”) window, and state tax considerations. Updated regularly as state law evolves.
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Why this matters
Life settlements are regulated state by state, and the differences can be meaningful. A 30-day rescission protection in Pennsylvania, for example, gives a seller materially more time to reconsider than the 10-business-day window in North Carolina. State income tax treatment can also shift the after-tax outcome — Florida and Texas levy no state income tax; California can reach 13.3%. Use the comparison above to ground any decision in the specific rules that apply to where the policyholder lives.