Print the value of index0
  • Report:  #1185238

Complaint Review: LPI INC

LPI, INC LPI FINANCIAL SERVICES, INC. life settlement provider Waco Texas

  • Reported By:
    Mary — Jacksonville Florida
  • Submitted:
    Mon, October 27, 2014
  • Updated:
    Mon, October 27, 2014

LPI, Inc.sold percentages of life insurance p0licies of dignosed terminally ill persons with life expectancy of 6 to 24 mos.

for a specified fee to investors saying the purchaser will not incur costs of any type beyond the amount tendered.  this was

1996.  Since then premiums have been billed quarterly on some policies.  Now yearly "service" charges have been billed at

about $245 per policy.  Together my husband and I have 8 policies.  I calculate this to bring the total to near $10,000 to

keep the interest in these policies in our names.  Policy funding agreements under "Acquistion Costs" should view this as il

illegal.  LPI has misrepresented the facts here and should not require any more payments.

Respond to this Report!