Life Partner Holdings Sees Dramatic Interest in Alternative Investment Due to Current Financial Shakeup
Friday September 19, 8:00 am ET
LPHI Announces Another Quarter of Record Earnings, Expecting to Report 56% Increase in Net Earnings
WACO, Texas--(BUSINESS WIRE)--Life Partner Holdings, Inc. (Nasdaq: LPHI - News), recently issued guidance for its second fiscal quarter and expects to report a 56% increase in net earnings, representing another record quarter. The announcement demonstrates the popularity of alternative investments as market uncertainties continue to worry investors. While many are advised to pull money out of equities in favor of low-risk/low-yield vehicles such as CDs, treasury bills and money market funds, an increased number of investors are turning to alternative asset-based vehicles such as life settlements, which are not correlated to the financial markets and offer far superior returns.
Life settlements companies purchase life insurance policies from wealthy citizens who used the policies as part of their estate planning and for a number of reasons no longer need their policies.
LPHI is the oldest and only publicly traded life settlements company. For the past two quarters, the company has experienced record earnings and its stock continues to be a green in a sea of red.
Scott Peden, President of LPHI, is available for commentary on this alternative investment vehicle, as well as the broader life insurance landscape. Scott has been with the company since its inceptions and was instrumental in creating the regulations and transparent business model around life settlements.
Click here for more on LPHI’s financial highlights.
Contact:
for Life Partner Holdings, Inc.
Hill & Knowlton
Erin Gilmore, 512-372-6653
Media Relations
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Source: Life Partner Holdings, Inc.
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