Life Partners Holdings, Inc. (Life Partners) is a financial services company and the parent company of Life Partners, Inc. (LPI). LPI is engaged in the secondary market for life insurance known generally as life settlements. These financial transactions involve the purchase of the life insurance policies at a discount to their face value for investment purposes. Life Partners operating revenues are derived from fees for facilitating life settlement transactions. Life settlement transactions involve the sale of an existing life insurance policy to another party. By selling the policy, the policyholder receives an immediate cash payment to use as he or she wishes. The purchaser takes an ownership interest in the policy at a discount to its face value and receives the death benefit under the policy when the insured dies.