Life Partners Holdings, Inc. is the parent company of Life Partners, Inc. (LPI) and Extended Life Services, Inc. (ELSI). LPI is a viatical settlement company in the United States, incorporated in Texas in 1991, to assist persons in facilitating the purchase of life insurance policies of terminally ill persons at a discount to the face value of the policies. To supplement LPIs viatical business, Life Partners Holdings acquired ELSI in January 2000. ELSI is engaged in senior life settlement transactions. Senior life settlements involve the sale and transfer of life insurance policies covering the lives of older individuals that are not terminally ill.