Does Life Insurance Vary By State? 
Yes . Each state has it 's own department of insurance and sets it 's own requirements or compliances for all policies sold inside their particular state . Some states may look almost identical to other states requirement wise . Others like New York for example have very NY state specific rules that often require insurance companies setting up companies inside NY state . You might find ABC Insurance Carrier doing business in 49 states an ABC Insurance of New York doing business there . The state that I work in also is considered a pretty restrictive state for insurance companies . Restrictive is n't necessarily a bad thing . The idea is done with consumer protection in mind . For my state , it means new plan approval is much slower than other states , but the flip side of that is if a problem with a plan occurs , it usually has n't hit the `` streets '' in my state yet , so the consumers avoided a problem that way . 