Life Partners

Type: Public
On the web: http://www.lphi.net
Employees: 56
Employee growth: 40.0%

Life Partners Holdings, parent company of Life Partners, Inc., makes its bucks by helping its customers make a buck. The company facilitates viatical and life settlement transactions, in which an institution or wealthy investor purchases individual life insurance policies (at a discount) and becomes the beneficiary of those policies when they mature. Viatical settlements involve terminally ill policyholders with only a couple of years to live; life settlement transactions involve sellers with longer life expectancies. Life Partners makes its money from fees earned by facilitating viatical and life settlements.

Key numbers for fiscal year ending February, 2009:
Sales: $103.6M
One year growth: 42.7%
Net income: $27.2M
Income growth: 44.8%

Officers:
Chairman, President, and CEO; CEO, Life Partners, Inc.: Brian D. Pardo
CFO and Principal Accounting Officer: David M. Martin
COO and CIO, Life Partners, Inc.: Mark Embry

Competitors:
Coventry First
Life Equity
Living Benefits

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Life Partners, Inc. is a life settlement company headquartered in Waco, Texas. LPI's parent company, Life Partners Holdings, Inc. is listed on NASDAQ Global Market under the symbol LPHI. Life Partners is the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance. It is the only publicly traded life settlement provider. Since its incorporation in 1991, Life Partners has generated a total business volume of over $1 billion in face value of policies for its worldwide client base of over 15,000 high net worth individuals and institutions.

At the start of September 2007, two weeks after the announcement of a 5 for 4 stock split,[1], LPHI's stock reached a record level of $52 per share.

It tumbled quickly thereafter, though, falling to below $34 by the middle of the month. The holding company's chairman blamed this on short sellers, and implied that an undefined but "substantial" share of this was naked short selling.

Another possible explanation, though, is that selling, short or otherwise, may have been motivated by problems in the broader viatical industry that received much publicity during this period.

External links

• Life Partners homepage

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