GWG Holdings Stock Company Profile

Description

GWG Holdings, Inc., a specialty finance company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company purchases policies in the secondary market through financial advisors and life insurance agents, as well as through its appointed agent program. It also purchases life insurance assets directly from policy owners who purchased their life insurance in the primary market; and is involved in the merchant cash advance business. GWG Holdings, Inc. was founded in 2006 and is headquartered in Minneapolis, Minnesota.