Call Us With No Obligation
(877) 446-9001
24 Hours/ 7 days a week

Contact us to start your claim today



 Yes I agree to the Terms & Conditions

Recent Articles

Click here for more

What Are Life Settlements?

The Waco-based life settlements company Life Partners, Inc. is accused by the federal government of fraudulently misrepresenting the investment products it offers. Numerous lawsuits have been filed against Life Partners by investors who allege that they were misled about the value of the life settlement investments that they purchased through the company.

The investment products offered by Life Partners—known as life settlements—are life insurance policies that are purchased from the original owner for less than the face value of the policy. When the original owner of the policy dies, the proceeds of the policy are paid to the investor, rather than to the family of the insured. When the investor acquires ownership of the policy, they also undertake the obligation to pay the premiums to keep the policy in force.

The value of life settlement policies is determined in large part by the life expectancy of the insured. The shorter the life expectancy of the individual who is covered by a life insurance policy, the more valuable the life settlement. Policies on the lives of insureds with shorter life expectancies are more valuable because the face amount of the policy (known as the death benefit) is paid sooner and fewer premiums must be paid between purchase of the policy and the death of the insured (called a maturity).

Life Partners Accused of Fraud by S.E.C.

According to a lawsuit filed by the Securities and Exchange Commission, Life Partners and its executives systematically used materially underestimated life expectancies in connection with offering the company’s life settlement investments. These shorter life expectancies made the investments appear more valuable than they actually were. Life Partners allegedly hired a doctor in Nevada to provide the inaccurate life expectancies for the life insurance policies sold through the company.

The lawyers at Heygood, Orr & Pearson have already filed numerous Life Partners lawsuits on behalf of investors who purchased life settlements through Life Partners. Our attorneys are experienced in working with clients who have been victimized by Life Partners and will work with you to ensure that your rights are protected. If you purchased a Life Partners life settlement investment, you may be eligible to file a lawsuit against the company.

To learn more about the lawsuits against Life Partners and to find out if you are eligible to bring a claim, contact our firm Heygood, Orr & Pearson for a free legal consultation. You can reach us by calling toll-free at 1-877-446-9001, or by filling out the free case evaluation form located on this page.