How A Life Settlement Impacted My Family

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Years before he joined the life settlement industry, Magna’s Senior Vice President Clay Gibson was impacted by his grandfather’s decision to sell his life insurance policy. In a personal essay, Clay shares how his grandfather’s life settlement made an impact on his family.

“My grandfather was in his late ‘70s in 2002 and even though he had some minor health issues he realized he was likely to live for quite a few more years. Decades earlier he had taken out two life insurance policies, each worth $1 million, one in his name alone and one in the name of he and my grandmother. If they held onto the policies, they were going to have to start paying increasingly expensive premiums again.”

Read the rest of Clay’s life settlement story on LinkedIn.

Magna Life Settlements Staff

Magna Life Settlements Staff

Magna Life Settlements is the leading life settlement provider. Magna pays people cash for their life insurance policy from the convenience of their own home online. Our team has decades of financial experience, and are dedicated to helping those in need. 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.

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