How is My Money Held?
In compliance with regulations, investors’ life settlement funds are always held by an independent, third-party trust company. EquiVita uses First Western Bank & Trust, a publicly traded company, to oversee and protect the portfolio. If something were to happen to EquiVita, investor funds are protected.
How am I protected?
All funds are directed to First Western Trust where all policies of the statutory trust are held. This protects the investor from any future financial issues concerning EquiVita. In the unlikely situation EquiVita went out of business or filed bankruptcy, investors’ funds in the statutory trust would be unaffected and remain intact.
An Extra Layer of Protection
To ensure the policies are managed correctly, EquiVita has hired the independent firm Vie Capital, LLC to work with First Western Trust to make sure premiums are paid on time and death benefit claims are processed and paid out to investors. This firm also does health tracking to keep investors informed about the health status of the insured in each policy.
These measures of checks and balances have been implemented for the security of investor funds.