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Death Bond Investors Risk Total Loss in Life Partners Bankruptcy

Maureen Gidding paid $25,000 for part of a life insurance policy on a man she didn’t know.

What she did know, however, was the company that sold it to her predicted he’d be dead in 18 months. Life Partners Holdings Inc. promised that when he expired, she would get a $30,000 share of the policy’s payout -- a 20 percent return.