- Report: #1183649
Complaint Review: Life Partners Inc - Waco Texas
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Author Not Confirmed
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Life Partners Inc
204 Woodhew Drive Waco, 76712 Texas, USA
Phone:
254-751-7797
Web:
lifepartersinc.com
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Life Partners, Inc LPI Brian Pardo LPI Uses Deceptive Returns to Sell Their Investments Waco Texas
Approximately 20 years ago we invested $5,000 in a viatical with LPI. The investment broker who sold us the fractional ownership in the policy claimed the life expectancy of the insured was 2 to 4 years. Not only have we nothing to show for our investment, we have to pay premiums on our share of the policy every quarter and today we received a letter saying we would have to also pay an annual fee for their bookkeeping software and administration of the policy. In doing some research, it appears to me that they have deliberately misled investors about the life expectancy of the insureds. Now, I will probably lose money on this investment, made even worse by the time value of money for the past 20 years and the lost investment opportunities that I could have alternatively invested that money into. Stay away from Life Partners, Inc.!
