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  • Report:  #1183605

Complaint Review: LPI

LPI Life Partners inc This company did not disclose that a fee would be charges every year, nor the fact that after 5 years i would start paying the insured person's premium. And they just went up to $300 a year for fees...without notice. The insured person has been on deaths door for years, still no payout. Waco Texas

  • Reported By:
    Terri Presley — Kansas City Missouri
  • Submitted:
    Sat, October 18, 2014
  • Updated:
    Sat, October 18, 2014

When I was sold these life insurances policies for people who are deathly ill it was not disclosed of a yearly fee of almost $300, nor was it disclosed that after so many years I would be paying for the premium of these near death persons. Now the yearly rate has gone up another $300 a year without prior notice.   It will be 4 years in Feb of 2015 and the persons they claim were so ill, are still living and I'm still paying fees.  I was told when i signed up that the $250 I paid was a one time fee, which wasn't true.

 

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