Thursday, 5 September 2013

Pacific West Capital Group Speaks Out Against STOLI

Opportunistic brokers have been taking advantage of the elderly ever since they realized extra money could be made. Pacific West Capital Group stands firmly against unethical practices and believes that customer trust is more important than personal profit. Pacific West Capital does not take part in STOLI transactions, which are illegal. In these scenarios, a third-party stranger entices a senior to take out a life policy and then sell it for an unfair price. Pacific West Capital Group reviews all policies to ensure they comply with California life settlement regulations. In addition, the firm adheres to the professional standards set by the Life Insurance Settlement Association.