Magna is fully authorized to do business in the following states:
Magna Life Settlements, Inc. (“Magna”) is a Florida licensed and domiciled Life Settlement provider in the Viatical and Life Settlement Industry and is authorized to conduct transactions pertaining to the Life Settlement Industry in most of the continental US.
Our distinctive approach to Life Settlements is supported by quality due diligence, experienced management and strong financial backing. Our staff has over 70 years of combined experience in life insurance, medical underwriting, claims, actuarial services and financial markets.
Magna strongly supports regulation that protects both consumers selling their policies and institutional investors interested in providing funds to purchase policies. Magna also recognizes and complies with its obligations to maintain and adhere to the confidentiality of all personal, financial, health and medical information. We provide unprecedented customer service solutions that lead to our streamlined closing process.
Magna began operations in 1987, as a provider of life and health insurance services and has been in the Life Settlement industry since 2004.
What Makes Magna Different?
Magna Life Settlements prides itself on having strict compliance and anti-fraud programs that adhere to the highest standards in the industry. Magna is one of the few active providers licensed to do business in the state of Florida, California and New York.
Magna has endured the test of time in the Life Settlements industry. Our multiple funding sources, robust institutional backing and one of the cleanest state examination records solidifies Magna’s position in the industry.
Magna believes there is a clear link between transparency and accountability. We strive to provide full, accurate, and timely disclosure of information. Our commitment to transparency makes it more likely that insurance assets will be accurately valued in the Life Settlements market.
Magna’s team has acquired significant experience in the life insurance and Life Settlements industries as a former subsidiary of Best Meridian Insurance Co. (BMI).