Magna Life Settlements

Financial Services, 835 W 6th St, Austin, Texas, 78703, United States, 51-200 Employees

Phone Number: 86********

Who is MAGNA LIFE SETTLEMENTS

Magna Life Settlements, Inc. is a leading life settlement provider licensed wherever state insurance regulations require, and able to do business in every state. We pay people for life in...

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Headquarters: 835 W 6th St, Austin, Texas, 78703, United States
Date Founded: 2004
Employees: 51-200
Active Tech Stack: See technologies

Industry: Financial Services

SIC Code: 6311 | NAICS Code: 524113 | Show More

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Magna Life Settlements Org Chart and Mapping

Employees

Krystal Alexander

Associate, Origination & Trading

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Brian Barclay

President / Senior Managing Director

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Frequently Asked Questions Regarding Magna Life Settlements

Answer: Magna Life Settlements's headquarters are located at 835 W 6th St, Austin, Texas, 78703, United States

Answer: Magna Life Settlements, Inc. is a leading life settlement provider licensed wherever state insurance regulations require, and able to do business in every state. We pay people for life insurance policies they either no longer need or no longer want. Many people have no idea just how valuable their life insurance policy is when they surrender or lapse it, and so many policies today are just given up because of inability to pay the premiums. If you fit our criteria you may be able to receive real value for something you feel has become a burden. Most of the people we deal with are seniors who need funds for retirement or medical expenses. A transaction with Magna is highly regulated for maximum consumer awareness, transparency and protection. Our team will be glad to answer your questions as you decide what to do with your policy. Company History Since 2004, weve bought unwanted and unneeded insurance policies, easing financial concern and providing security in uncertain economic times. In 2016, we purchased 266 life insurance policies. We were able to deploy over $159 Million to policy owners. The funds from a life settlement transaction can be used for: Recouping expensive premium payments Paying for long-term health care or unexpected living costs Paying off debt Supplementing retirement income Simply put, we turn insurance policies into liquid financial assets. Not only is Magna one of the largest providers in the industry, but their accomplished and friendly team has over a century of combined life settlements knowledge and experience. Magna believes in consistently raising industry standards and supporting regulatory efforts in the market. Having strict compliance and anti-fraud programs, Magna is one of the few active providers that are licensed to do business in the states of Florida, California, and New Yorkstates known for their strict regulation. Multiple funding sources and robust institutional backing have helped Magna stand the test of time.