Lori Bohannon's Contact Details

Lori Bohannon's Company Details

Magna Life Settlements

Austin, TX, US • 100 - 249 Employees
Financial Services

Magna Life Settlements, Inc. is a 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 feel has 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.Company HistorySince 2004, we've bought unwanted and unneeded insurance policies, easing financial concern and providing security in uncertain economic times. In 2016, we purchased 266 life insurance policies. We were able to deploy over $159 Million to policy owners. The funds from a life settlement transaction can be used for:Recouping expensive premium paymentsPaying for long-term health care or unexpected living costsPaying off debtSupplementing retirement incomeSimply put, we turn insurance policies into liquid financial assets. Not only is Magna one of the largest providers in the industry, but their accomplished and friendly team has over a century of combined life settlements knowledge and experience. Magna believes in consistently raising industry standards and supporting regulatory efforts in the market. Having strict compliance and anti-fraud programs, Magna is one of the few active providers that are licensed to do business in the states of Florida, California, and New York—states known for their strict regulation. Multiple funding sources and robust institutional backing have helped Magna stand the test of time.