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