Magna Life Settlements and Vida Capital Volunteer at Habitat for Humanity
For more than five years, employees of Magna Life Settlement and Vida Capital have been giving their time to help build houses with Habitat for Humanity in the Austin area. This year’s two days of service, which took place in early October, gave our team an opportunity to serve the community by partnering with the respected non-profit.
During the build days, our team members hung siding in the house, painted, cut drywall and undertook other tasks to finish the construction of a home for a Habitat for Humanity client. Habitat for Humanity, founded in 1976, partners with families to help them build a safe place to live. The organization also undertakes projects in the areas of neighborhood revitalization and disaster relief.
Every employee of Magna and Vida participates in the Habitat build day, in part because the outreach effort reflects the company’s value of community enrichment through service. By leaving the office and our daily tasks behind for two days, our employees broaden their view of the community around them and its needs, form closer bonds that lead to better workplace collaboration and demonstrate our company’s commitment to responsible corporate citizenship.
Since the daily operations at Magna are all about turning the liability of an unwanted life insurance policy into an asset, community outreach efforts can also lend a broader perspective to the business of life settlement. Life settlements are about creating a new form of income for retirement needs, but their proceeds can also allow seniors to travel and give back themselves—maybe even through Habitat for Humanity.