MAGNA LIFE SETTLEMENTS
STATES WHERE MAGNA IS LICENSED
Magna is licensed to do business in these states
Magna is expected to be licensed during this calendar year
States that are not requiring licenses
Magna is licensed in 42 out of 43 regulated states, and is able to do business in 49 states. The company takes regulation very seriously and plans to be licensed in all jurisdictions requiring licenses in early 2018.
*5 states require insurance carriers to disclose life settlement option to policy holders considering lapsing/surrendering.
*CA and NH require carriers to recommend that policy holders consult a licensed insurance or financial advisor if considering lapsing or surrendering†
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