Magna Life Settlements had a turn in the national spotlight on June 30 when the company, and the life settlement industry , were featured on an episode of Fox Business Talk Business 360. The theme of the show was financial innovations, and the segment on life settlements provided a platform for Magna Life Settlement Senior Vice President Clay Gibson and Director of Agent Origination Jim Purdy to talk about the benefits and considerations of selling a life insurance policy. The episode also included an interview with Adam Hull, a partner advisor with AdvicePeriod . “When you bring up life insurance to your clients, they think you are trying to sell them something,” said Gibson, addressing financial advisors. “But in this case, you are actually trying to take life insurance, which they already own and you’re explaining to them that a life settlement can give them cash now for something that they no longer need, or they no longer want.” Hull reinforced Gibson’s r...
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