LPI Financial Services, Inc. Life Partners Inc. Endless fees/scam Waco Texas
Life Partners represented viatical policies as help for unfortuate individuals needing advanced payments on their life insurance policies. The upside for investors was a high return on investment, however in the intervening years since my initial investment the premiums and fees that Life Partners demands has skyrocketed. Initial annual premiums were reasonable (<.1% of total investment) and now have reached nearly 2%.
I feel Life Partners has not been forthright in explaining the steep climb in premiums. It appears they demand any amount of fees and premiums that help them keep the scheme afloat.
I would recommend against trusting investments with Life Partners. Thoroughly investigating viatical policies before investing would be prudent.
1 Updates & Rebuttals
MLS582
Las vegas,Nevada,
No offense intended
#2Consumer Comment
Thu, February 19, 2015
Paid near $100,000 to LPI Financial Services.
How could anyone purchase this.
They make it sound so possible to senior citizens.
When they sell this its about how easy its and how little - Its not about how bad it is - its about how atractive it is.
Then they use the threat of losing all the money - its foolish if thinking its best to continue paying.
News report shows near 90% do not get paid.
About as rare and unlikely as a Box Turtle (Gopherus agassizii) chewing at the lawn in our backyard. That is distributed in western Arizona, southeastern California, southern Nevada, and southwestern Utah - to appear in our backyard - when its near the middle of the block - and fenced in.