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Ripoff Report | Life Partners Inc. Review - Internet, Internet
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Report: #727410

Complaint Review: Life Partners Inc. - Internet Internet

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  • Updated:
  • Reported By: Snarf — Wellsville Utah Virgin Islands (US)
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  • Life Partners Inc. 204 Woodhew, Waco, TX 76712 Internet United States of America

Life Partners Inc. Scott Peden, President and General Councel misrepresented life expectencies of original life insurance policy holders Internet

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Life Parnters Inc. indicated that we could buy a partial position in a number of life insurance policies.   We purchased a position in 5 different policies each policy holder having some sort of malady that would provide for a realistic life expectency of 3-7 years.   We are now going into year 8 and not one of these 5 individuals has died and we are having to pay the annual premiums. 

Seems to me that Life Partners Inc, and the management has mis-represented the situation.  I believe that there ought to be a life insurance industry review of this organization and possible sanctions!!

This report was posted on Ripoff Report on 05/09/2011 05:21 PM and is a permanent record located here: https://www.ripoffreport.com/reports/life-partners-inc/internet/life-partners-inc-scott-peden-president-and-general-councel-misrepresented-life-expecten-727410. 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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