Frequently Asked Questions
Q. Can I sell my life insurance policy to GWG Life?
A. As of 2020, GWG Life is no longer purchasing life insurance policies. The company is holding the policies it previously purchased in a portfolio of alternative assets, but is no longer buying new policies.
Q. Why has GWG Life stopped purchasing life insurance policies?
A. GWG Life has moved to diversify the portfolio of alternative assets it holds. The company is keeping the life insurance policies it has purchased in force, but it has made a corporate decision to invest in other alternative assets.
Q. Can you recommend other companies that would buy my life insurance policy? How can I go about doing that?
A. There are many companies buying life insurance policies. The Life Insurance Settlement Association provides an online tool for finding companies. It is available at https://www.lisa.org/find-a-lisa-member
Q. Does GWG Life still hold policies it previously purchased?
A. GWG Life retains and is continuing to fund the life insurance policies it has purchased since 2006.
Q. What is GWG Life’s business model now that it is not purchasing life insurance policies?
A. GWG Life is managing a portfolio of alternative assets that includes life insurance policies. This portfolio is providing returns for its parent, GWG Holdings, Inc.
Q. What is GWG Life’s relationship to GWG Holdings and The Beneficient Company Group, L.P.?
A. GWG Life is a wholly owned subsidiary of GWG Holdings, Inc., the parent of both GWG Life and The Beneficient Company Group, L.P.