People terminate $930 billion worth of life assurance policies every year. And a growing many of these policies are sold to outside investors.

Few people know about this option, says Penny Sleuth editor Jim Nelson. But the number in the know is growing. This makes Life Partners Holdings, Inc. (LPHI) a great profit play right now.

LPHI is a market leader in the life settlement market, which as of 2006 was worth $6 billion a year. And its stock is incredibly cheap: It trades for less than 13 times trailing earnings. More from Jim…