Magna News

COVID-19: Impact on the Life Settlement Market

Covid 19 has impacted every industry. For the Life Settlements, this unprecedented time has led to great change. ELSA has teamed up with Magna Life Settlements and other members of the Life Settlement industry; to offer guidance and information on the growth of Life Settlements during Covid-19. Impact on the Life Settlement Marketplace The three Read more >>

texas life insurance bill transparency

Life Insurance Company Transparency [New Texas Bill]

Newest Texas Bill Passed Requires More Transparency From Life Insurance Companies Life insurance consumers and each Life Insurance Company may be better informed of changes in their premiums if a bill passed unanimously by the Texas House of Representatives this spring becomes law. Texas House Bill 207 sets new disclosure standards for certain types of Read more >>

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Magna’s Joint Offering With Proformex Helps Streamline Policies for Agents

In its ongoing quest to forge a mutually beneficial relationship with insurance agents, Magna has developed a joint offering with Proformex to make the company’s policy management software more accessible to create a digitized, efficient book of business. Founded in 2016, Proformex’s system provides powerful portfolio management by combining every policy into one digital resource. Read more >>

Vida Capital's Dan Young at LISA

Vida Capital’s Dan Young at the 2019 LISA Conference

At the Life Insurance Settlement Association’s 2019 Conference, Vida Capital’s Senior Managing Director Dan Young shares why life settlements are more desirable for consumers and investors. In his interview with A.M. BestTV, Young explains how the life settlement sector supports efforts in Congress that would allow sellers of life policies to use proceeds to fund Read more >>

administration agreement banking 618158 1024x577 - Bill HR 7203 to Allow Life Settlements to Fund Long-Term Care

Bill HR 7203 to 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 Life Settlements | Sell Life Insurance Policy Online

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 >>

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