Another area where there is a need for firms to live up to the fiduciary standard is life settlements. Life settlement products have grown in popularity in recent years, and there’s some evidence that they are being aggressively marketed without giving investors the information they need to make an informed decision.
At one time, the owner [...]
California’s Governor signed one of the strongest laws in the nation to regulate life settlements, ensuring that California’s life insurance policyowners are able to obtain the best value for life insurance policies that are likely to be lapsed or surrendered.
The new California life settlement act preserves the long-standing right of life insurance policyowners to sell [...]
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