Sell your life
insurance policy.

Get cash for your policy and
start living a better life now


Changing the Way You Think About Insurance

Magna Life Settlements is the 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 felt had 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.

Magna Life Settlements has been active in the life settlement industry since 2004 and was acquired in 2010 by Vida Capital Inc., a multi-billion dollar alternative asset management firm.

Magna Life Settlements is a proud member of the Life Insurance Settlement Association (LISA). LISA’s mission is to advance the highest standards of practice and professional development for the industry and educate consumers and advisors about a life settlement as an alternative to lapse or surrender of life insurance policies.

Membership in the Association requires Magna to annually attest to abiding by a Code of Ethics and Standards of Professional Conduct, including all appropriate laws and regulations. Click here to learn more about LISA.

Relationship with Agents

Recognized By

The Magna Life Settlement Difference

Founded in 2009 and headquartered in Austin, Texas, Vida Capital is a multi-billion dollar alternative asset management firm that manages both evergreen and closed-end structures. Vida specializes solely in insurance-linked strategies with a predominant focus on longevity-contingent risk.

Vida manages capital on behalf of leading pension plans, insurance companies, endowment & foundations, family offices, and high net worth clients.

Vida is vertically integrated with Magna Life Settlements, a licensed and top-ranked life settlement provider. As one of the top settlement providers, Magna provides Vida with a proprietary deal flow of consistent investment opportunities and is a demonstrated leader in this space.

Vida Capital Management LLC has been an SEC-registered investment adviser since November 2010, and representatives of the firm sit on the board of the Life Insurance Settlement Association (LISA), the Institutional Longevity Markets Association (ILMA), and The International Secondary Markets for Life Insurance (BVZL).

In 2010, Magna was acquired by Vida Capital Inc, a leading asset manager in the longevity space. Magna has been active in the life settlement industry since 2004 and was the top ranked life settlement provider in 2013, 2014 and 2016 by capital deployed. Many of Vida’s competitors must contract out their sourcing and underwriting to third-party vendors. Vida’s integration with Magna provides the opportunity to participate in secondary market transactions and delivers confidence to Vida and its investors that each policy is thoroughly analyzed and vetted prior to its acquisition.


For more information please leave your contact details

Magna Life Settlements

835 West 6th Street
Suite 1400
Austin, TX 78703

Phone: 1-888-996-2475
Fax: (512) 961-8264

See How Much Your Policy May Be Worth


Magna Life Settlements (“Magna”) is licensed as a “viatical settlement provider” in the following states: Alaska, Arkansas, Colorado, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.
Magna is licensed as a “life settlement provider” in the following states: Arizona, California, Connecticut, Georgia, Hawaii, Idaho, Kentucky, Maine, Massachusetts, New Hampshire, New York, North Dakota, Oregon, Rhode Island, Texas, Utah, Vermont, Washington, and Wisconsin.
Magna may also purchase policies in the following states that do not regulate the secondary market for life insurance: Alabama, Dist. Of Columbia, Michigan, Missouri, New Mexico, South Carolina, South Dakota, and Wyoming.
Nothing contained on this site is meant as legal, tax or financial advice. Any user wishing to conduct a life settlement transaction should seek such advice from an independent professional adviser. Void outside the United States and where otherwise prohibited by law.

Copyright 2020 Magna Life Settlements