Founded in 2004, Magna Life Settlements, Inc. is a US-based life settlement provider that offers a financial option for seniors who own a life insurance policy that is no longer needed or affordable. The company purchases these policies for an amount greater than the cash surrender value but less than the death benefit, providing the policyholder with a significant lump-sum cash payment. Magna works with institutional investors to fund these purchases and manages the process from policy valuation to the transfer of ownership, adhering to state and federal regulations.

Founded in

United States