Texas Life Settlements
Texas is a growing life settlement market with strong regulatory oversight and a large senior population. Texas policyowners and their advisors can explore life settlements with a confidential evaluation from Accelerated Life Solutions.
Life Settlement Laws in Texas
Texas life settlements are overseen by the Texas Department of Insurance.
Regulator: Texas Department of Insurance. Texas law may include rescission rights and waiting periods; confirm the current rules with the Texas insurance regulator.
- Requirements may include disclosures and consumer protections for policyowners.
- Confirm current requirements with the Texas Department of Insurance.
Licensing in Texas
Texas regulates life settlements and requires brokers to be licensed. Accelerated Life Solutions obtains state licensing upon request, subject to Texas's requirements. Contact us to discuss a Texas case before you proceed. See our licensing & disclosures page.
Consumer Protections
Texas law may include rescission rights and waiting periods; confirm the current rules with the Texas insurance regulator. Required disclosures, including broker compensation, are provided before a transaction is finalized.
Commonly Accepted in Texas?
Texas has a growing senior population and no state income tax, making life settlements particularly attractive for Texas policyholders seeking liquidity. These are commonly accepted market criteria, not state requirements. Not every policy qualifies for a life settlement. Eligibility and outcomes depend on policy characteristics, insured health, premiums, underwriting, and market conditions.
How Accelerated Life Solutions Serves Texas Advisors and Policyowners
We work with financial advisors, CPAs, estate planning attorneys, insurance agents, trustees, and individual policyowners in Texas. Policyowners may contact us directly for a confidential evaluation, and we coordinate with their advisor when they have one.
Our Texas Process
- 1Initial policy review and eligibility assessment
- 2Collection of policy and medical documentation
- 3Medical and financial underwriting
- 4Presentation to qualified institutional buyers
- 5Evaluation and negotiation of offers
- 6Completion of transaction documentation
- 7Insurance carrier ownership and beneficiary transfer processing
- 8Closing and distribution of proceeds
Frequently Asked Questions
Is Accelerated Life Solutions licensed in Texas?
Texas regulates life settlements and requires brokers to be licensed. Accelerated Life Solutions obtains state licensing upon request, subject to Texas's requirements. Contact us to discuss a Texas case before you proceed.
What are the rescission and waiting period rules in Texas?
Texas law may include rescission rights and waiting periods; confirm the current rules with the Texas insurance regulator. The Texas Department of Insurance is the state insurance regulator.
How long does a life settlement take in Texas?
Qualified submissions may receive a preliminary valuation within approximately 24 hours after sufficient initial information has been received. Overall timeline varies with underwriting complexity, documentation availability, buyer requirements, and carrier processing. Estimated closing and funding timelines are communicated as the transaction progresses. No fixed completion date is guaranteed.
How much is a life insurance policy worth in a Texas life settlement?
A life settlement may produce more than the policy's cash surrender value, but results vary by case. A free evaluation shows whether a policy may have secondary-market value. Not every policy qualifies for a life settlement. Eligibility and outcomes depend on policy characteristics, insured health, premiums, underwriting, and market conditions.
How is a life settlement broker paid in Texas?
Broker compensation is determined case by case, considering the circumstances and economics of each transaction, and is always disclosed before the transaction is finalized. Compensation is structured to support successful transactions while staying transparent with the appropriate parties. Applicable compensation and transaction costs are disclosed in accordance with governing state laws and transaction documentation.
Are life settlements regulated in Texas?
Yes. All brokers and providers must be licensed by the Texas Department of Insurance.
Do Texas residents pay state tax on life settlement proceeds?
No. Texas has no state income tax, so life settlement proceeds are only subject to federal income tax. Consult a tax advisor for specific guidance.
What types of policies qualify in Texas?
Universal life, whole life, and convertible term policies are commonly eligible. Business-owned and trust-owned policies are also eligible.
Nearby states
Ready to Explore Life Settlements in Texas?
Request a complimentary, no-obligation evaluation for a Texas policy. Qualified submissions may receive a preliminary valuation within approximately 24 hours after sufficient initial information has been received.