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Report: #1196607

Complaint Review: Life Partners Inc - Waco Texas

  • Submitted:
  • Updated:
  • Reported By: WON — mckinney Texas
  • Author Not Confirmed What's this?
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  • Life Partners Inc 8225 Central Park Dr Waco, Texas USA

Life Partners Inc LPI Financial Service, Inc Deceptive, illegally charge fee back fee on Oct 2014 for period 9-2013 to 8/2014 waco Texas

*Author of original report: Good information

*Consumer Comment: Recent article on the LPI problems

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I have the same situation like so many other investors. This particular investor listens the radio show featuring Jeff Bolton in the DFW, Tx area. I listens the radio show called "PRESERVING YOUR RETIREMENT" by cowley financial in Forth Worth. I have purchased several policies in 2008 and paid tens of thousands upfront. I am still  paying thousands of dollors each year until don't know when?????. All of the sudden, LPI decided to come up with new fees called : "PLATFORM SERVICE CHARGE". 

I received a bill in Oct, 2014 and the charges stated" billing period is for Sept -13 to August-14. Sounds ridiculous. They just come up with the idea to extort  more money from invenstors and back billing investor for 2013?? 

Anyone knows any class action lawsuit against this Lift Partner Inc?. Do not listen to this "PRESERING YOUR RETIREMENT" show because it is a "LOSING YOUR RETIREMENT" SHOW.

This report was posted on Ripoff Report on 12/19/2014 03:02 PM and is a permanent record located here: https://www.ripoffreport.com/reports/life-partners-inc/waco-texas-76712/life-partners-inc-lpi-financial-service-inc-deceptive-illegally-charge-fee-back-fee-on-1196607. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner

#2 Author of original report

Good information

AUTHOR: Wan - ()

POSTED: Friday, January 02, 2015

Thank you so much for the information. I have not pay my fee yet. but looks like I do not have any choice because if I don't pay , I will lost all my investment. Any one knows any other option?

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#1 Consumer Comment

Recent article on the LPI problems

AUTHOR: JohnW - ()

POSTED: Tuesday, December 30, 2014

Here is a recent article that appeared in the Dallas Morning News paper. Interesting that it appeared in the Metro section of the paper rather than the financial section. Detailws the hitory of the ompany's problems and issues. 

http://www.dallasnews.com/investigations/watchdog/20141211-watchdog-investors-in-waco-company-fear-for-their-future.ece

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