Since the White Coat Investor analysis I posted earlier seem to be debated by others yet to post counter-point sources I'll share another source that I found while researching WLI a few years back, Consumer Reports. https://www.consumerreports.or...In this analysis from one of the most independently-funded, unbiased consumer advocacy groups in America the outcome was the following: < 5 years: poor investment (versus term)16 years: you break even on cash surrender value + value of insurance received+20 years: dividends exceed term + treasuries alternative, surrender charges disappear In sum CR concludes: This mixed bag of potential benefits and costs is complicated enough for consumers to navigate, but poor disclosure robs consumers of the information they need to comparison shop.

Is there any regulation or law requiring disclosure?

If you disclose it, but omit to say the amount, it opens the manager up to have the contract annulled by a court because there was not full disclosure of a conflict. 

FULL DISCLOSURE can usually avoid those problems. 

Typically most traditional lenders will issue a Loan Estimate and a Closing Disclosure.

Just look for a shop that will teach you the basics of real estate contracts, offers, MLS navigation, and disclosures. 

Have you seen the actual septic design, or are you relying on the seller’s disclosure?

And there being no mention of any affiliation by either party when making the recommendation certainly contributes further to that same appearance - why not make the disclosure?

*Full disclosure YES I am an investor with holdings in "O". 

Full disclosure I work with Tom Wheelwright and the CPAs and Tax Pro's in our community and appreciate that we're not for everyone.