Magna News

New Bill HR 7203 Would Allow Life Settlements to Fund Long-Term Care

A new bill being weighed by the U.S. House of Representatives would make provision for the tax-free rollover of life settlement proceeds into tax-free accounts dedicated to long-term care. The bill, H.R. 7203, was sponsored by Rep. Kenny Marchand (R-TX) and referred to the House Ways and Means Committee on November 30. H.R. 7203, known Read more >>

Magna Featured on Lifetime’s Designing Spaces

Designing Spaces on Lifetime Television featured Magna Life Settlements in November! During the episode, an older couple explored the process of a life settlement, the advantages of pursuing a sale of a life insurance policy and the various ways the cash from a settlement can meet the family’s needs during their retirement years. Clay Gibson, Read more >>

Bankruptcy Soars Among the Elderly

Bankruptcy Soars Among the Elderly

Financial concerns have always been a part of the retirement landscape, but two recent studies indicate a precipitous situation for many seniors, with bankruptcy rates for the over-65 population surpassing those at any other time in history. Some of the most significant data came from a study compiled by four professors in partnership with the Read more >>

NAIFA Performance + Purpose Conference

Magna Sponsors NAIFA Performance + Purpose 2018 Conference

Magna Life Settlements will have a strong presence at the National Association of Insurance and Financial Advisors (NAIFA) Performance + Purpose 2018 Conference in San Antonio from September 13-16. As a sponsor and participant at the conference, Magna team members will seek opportunities to share information about life settlements with the agents and advisors who Read more >>

Magna Featured on Fox Business Talk Business 360

Magna Life Settlements had a turn in the national spotlight on June 30 when the company, and the life settlement industry, were featured on an episode of Fox Business Talk Business 360. The theme of the show was financial innovations, and the segment on life settlements provided a platform for Magna Life Settlement Senior Vice Read more >>

Rhode Island: One Step Closer to Requiring Life Settlement Disclosure

Knowledge is power for seniors focused on the optimal management of their finances, and a recent movement of state disclosure laws will increase consumer understanding of their life settlement options. Studies show that consumers who sell their life insurance policies receive four to seven times more money than they would receive from surrendering policies, yet Read more >>

Magna Life Settlements rebranding strategy session

Knowledge, Opportunity and Guidance: The New Magna Brand

We have exciting news to share: Magna Life Settlements has a brand new look! Since Magna began more than 14 years ago, our team has been dedicated to educating life policy owners and their advocates about the living benefits life insurance holds. This year, as we grow our team and expand our horizons, we decided Read more >>

Pointers & Pitfalls of Life Settlement Marketing

The life settlement industry is poised for significant growth, and that growth needs to be undertaken with expertise and integrity. That was the underlying theme of Magna Life Settlements Chief Marketing Officer Scott Harris’s presentation at the annual LISA conference in Washington, DC. Harris addressed a room of life settlement professionals, brokers, financial advisors and Read more >>





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