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Life Partners Life Settlements (Viaticals)

Life Partners Holdings specializes in Life Settlements, also known as Viatical Settlements. Recent reports indicate that Life Partners may have misled its customers (investors) by claiming that their Life Settlement investments are worth significantly more than they actually were.

How Life Partners Life Settlements (Viaticals) work

A Life Settlement, also sometimes called a Viatical Settlement, is the sale of an existing life insurance policy to an investor, who pays an initial up front amount plus all future premium payments on the insurance policy.  The Life Settlement investor will in return receive the insurance policies death benefit once the insured passes away. In principle, the investor can then earn a fair rate of return on its investment and the insured can receive an amount greater than the cash value of the policy.  In practice a life settlement investor will purchase a fractional interest in several policies, which help diversify the risk.

Life Partners Holdings INC

Life Partners Holdings Inc. is a publically traded company based in Waco, Texas.  Life Partners facilitates life settlement transactions, but generally serves as the agent for the investor.   According to Life Partners publically available records, Life Partners has sold 6,400 policies with a face value of $2.8 billion to 27,000 clients since its 1991 founding.   Investors typically put several years of future premiums into escrow when making their initial investments.  Life Partners Holdings promotes yearly returns of 10 to 15 percent, according to the Wall Street Journal.

Purchased Life Partners Life Settlements (Viaticals)?

Contact us today to find out if you can join the legal action against Life Partners. Simply complete the form on this page or call 1-800-934-2921 for a free (no obligation) case evaluation.