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CEO: Brian Pardo Headquarters: Waco, TX Employees: 56 Industry: Insurance Revenue: $95.4 million (four quarters to 12/31/08) Return to investors: 120.99% (three years to 12/81/08, annualized rate) Since 1991, Life Partners has been a leader in the "secondary" life insurance market, which offers individuals 65 and older the opportunity to sell their future life insurance benefits for a cash payout. The beneficiaries gain an immediate infusion of cash, while Life Partners acquires at a discount their future insurance benefits, which it can then sell to investors.
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