# Licensing Considerations Navigating the regulatory landscape of life insurance can be complex, but we're here to help. This page is primarily meant as a guide for the [Concierge Plan](/partner-knowledge-base/platform-overview/plans-to-access-platform/concierge-plan.md). For the [Digital Agent Plan](/partner-knowledge-base/platform-overview/plans-to-access-platform/digital-agent-plan.md) and the [Innovator Plan](/partner-knowledge-base/platform-overview/plans-to-access-platform/innovator-plan.md), appropriate licensing for both the writing agent and the agency you're writing through is always required, and may involve life, health, and securities licenses in various states. Typically, sharing compensation as a percentage of our earnings under the concierge plan is available only when the partner possesses the appropriate licenses. However, for partners without the necessary licenses, we offer fixed incentives for fixed products, which does not include variable universal life and private placement life. With that said, here's a breakdown of the licensing considerations you should be aware of: 1. **State-by-State Regulation:** Life insurance is regulated on a state-by-state basis. This means that each state has its own set of licenses and requirements. Generally, however, holding a license in one state allows you to quickly acquire a license in another state without passing another exam. 2. **Additional Licensing for Riders:** If certain riders such as long-term care or chronic care are included in a plans, partners need to carry health insurance licenses. The same applies for long-term care policies or linked benefit policies. Like life insurance, health licenses are also regulated state by state. The good news is that life and health licenses can usually be taken together in one exam and licenses for life and health generally cost the same as licenses for just one of them. 3. **Registered Investment Products:** Products like variable universal life and private placement life are considered registered investment products. These fall under federal securities laws, necessitating additional licenses. Partners would need a FINRA registration through a broker-dealer and Series 6, 63, or 7 licenses, in addition to the standard life insurance licenses. Without these licenses, partners aren't able to receive any compensation on these cases at all, neither as a percentage nor a fixed fee. If you do not want to offer registered investment products through your White Swan account, admins can disable them in your accounts general settings. 4. **Licensing Assistance:** We understand that managing licenses can be a daunting task. That's why we can refer partners to trusted providers who specialize in licensing. By understanding and adhering to these licensing considerations, partners can ensure they operate within the bounds of the law, maximizing their potential earnings and expanding their offerings with confidence. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.whiteswan.io/partner-knowledge-base/platform-overview/commissions-and-referral-earnings/licensing-considerations.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.