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Company Description (as filed with the SEC)
General. Life Partners Holdings, Inc. ("we" or "Life Partners") is a specialty financial services company and the parent company of Life Partners, Inc. ("LPI"). LPI is the oldest and one of the more active companies in the United States engaged in the secondary market for life insurance known generally as "life settlements". LPI facilitates the sale of life settlements between sellers and purchasers, but does not take possession or control of the policies. The purchasers acquire the life insurance policies at a discount to their face value for investment purposes. The Secondary Market for Life Insurance Policies. LPI was incorporated in 1991 and has conducted business under the registered service mark "Life Partners" since 1992. Our operating revenues are derived from fees for facilitating life settlement transactions. Life settlement transactions involve the sale of an existing life insurance policy or interest in the policy to another party. ... More ...