Conestoga Life Settlements Lawsuits Investigation
According to its website, Conestoga International is a Delaware Statutory Trust that focuses on providing investors with a “unique investment opportunity in the form of senior life settlements, which have the potential to generate profits for clients without the risks that accompany more traditional asset classes.” The company reportedly filed a Form D to raise capital from investors in 2018 for the offering Conestoga Trust. The total offering amount sold was purportedly $171,741,688. The sales commissions and fees were estimated at 10% of the total offering amount, according to the filing.
A Life Settlement or viatical settlement allows you to invest in another person’s life insurance policy. With a viatical settlement, you purchase the policy (or part of it) at a price that is less than the death benefit of the policy. When the seller dies, you collect the death benefit.
Your return depends upon the seller’s life expectancy and the actual date he or she dies. If the seller dies before the estimated life expectancy, you may receive a higher return. But if the seller lives longer than expected, your return will be lower. You can even lose part of your principal investment if the person lives long enough so that you have to pay additional premiums to maintain the policy. At one time, most viatical settlements were from people with a life-threatening illness. Now, individuals who are not facing a health crisis may sell their life insurance policies to get cash.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended Conestoga Trust to investors.
Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so, may be held responsible for any losses.
If you are concerned about your investment losses in Conestoga Trust, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.