You may be wondering, “Who is GWG Life?” Over the past decade, we have emerged as a trusted leader in the highly-regulated life insurance secondary market. Through our LifeCare Xchange® program, you can help your senior clients Xchange their life insurance policies for four valuable solutions to meet their unique needs in retirement and for long-term care needs and more:
• INCOME: Supplement retirement funds for life with an Immediate Income Annuity.
• PROTECTION: Maintain partial policy without premium payments with a Retained Death Benefit.
• LTC BENEFITS: Cover home care and senior living expenses with a tax-free Long-Term Care Benefit.
• LUMP SUM: Enhance income with a Cash Payout.
We’ve helped hundreds of seniors by paying out over $457 million* for their policies, compared to the $33 million* they would have received if they had surrendered their policies. That’s millions of dollars that puts choice and opportunity back into the hands of your clients.
*GWG Life Portfolio since 2006
Most clients don’t even know what a valuable asset they have in a life insurance policy. It may sound like a new idea to Xchange a policy for other funding solutions, but the opportunity has existed since 1911. That’s when the U.S. Supreme Court ruled that life insurance can be sold like any other property in Grigsby v. Russell.
The ability to optimize their life insurance policy can be extremely valuable for your senior clients as they financially rebalance for estate planning, long-term care needs or retirement purposes. The LifeCare Xchange® provides solutions for all of these needs.
The life insurance secondary market is highly regulated and offers many consumer protections, including:
GWG Life, LLC, a wholly owned subsidiary of GWG Holdings, Inc. (Nasdaq: GWGH), acquires life insurance in the secondary market from consumers who no longer want, need or can afford their policies.
Visit gwgh.com to learn more about our parent company, GWG Holdings, inc.