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Florida man settles Life Settlement (viatical) dispute with Life Partners
According to the story, Mr. Parchia, along with other investors, purchased a 42.8% fractional ownership in a life insurance from Life Partners Holdings, Inc.
The company routinely resold whole and fractional life insurance policies which were sold by their original owners.
In many cases, the original policyholders sold their policies in exchange for access to the cash provided by life settlement companies like Life Partners Holdings, Inc. and investors like Mr. Parchia.
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