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. .
This complaint and/or review was posted on HolySmoke.org on 14:58 pm, September 11, 2018 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/lpi-inc-review/.
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