May be a bit iffy in Texas right now. Two stories from this week:
The Texas Supreme Court bolstered lawsuits by the state and a group of investors against Life Partners by ruling life settlements are securities subject to the Texas Securities Act and not mere life insurance contracts.
http://www.courthousenews.com/2015/05/12/embattled-insurer-dealt-blow-by-texas-high-court.htm
Regulators (SEC) file complaint against North Texas financial firm
http://www.chron.com/news/texas/article/Regulators-file-complaint-against-North-Texas-6256088.php
States regulate and I work through an insurance broker. But it is a potential concern. Insurance companies do not want them sold. They want them to lapse for failure to pay premiums.