Magna Life Settlements vs. Trust Life Settlements
Mid-size life settlement broker with personalized service. See how they compare to our flat-fee, transparent approach.
About Magna Life Settlements
Magna Life Settlements is a mid-size life settlement brokerage firm that emphasizes personalized service and direct communication with clients. They operate as a traditional commission-based broker, marketing policies to institutional buyers on behalf of policyholders.
Founded
2008
Headquarters
Los Angeles, CA
Fee Structure
Commission-based (typically 15–25% of settlement)
Minimum Policy
$100,000 face value
How Magna Life Settlements Works
Initial phone consultation to discuss your situation and policy details.
Magna reviews eligibility and begins gathering medical records if qualified.
Your case is marketed to institutional buyers in their network.
All offers presented with Magna's guidance on which to accept.
Typical timeline: 3–4 months typical
Magna Life Settlements: Pros & Cons
Pros
- Personalized service with direct access to case managers
- Good buyer network in the institutional space
- Licensed in multiple states
- Reputation for clear communication during the process
Cons
- Commission-based fees reduce net proceeds
- Mid-size firm — may have fewer buyer relationships than larger brokers
- Fee percentage may vary by case
- Limited digital tools for tracking progress
Magna Life Settlements vs. Trust Life Settlements
See exactly how our approach differs — and why policyholders keep more with Trust.
15–25% commission on proceeds
Flat fee — predictable cost that doesn't scale up
Mid-size buyer network
20+ institutional buyers ensuring maximum competition
Personal service but at a high percentage cost
Same personal attention with a more affordable fee structure
Limited digital tools
Modern process with clear written updates at every step
Estimate Your Policy Value
Get Your Free Estimate
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Who Qualifies with Magna Life Settlements?
Policyholders age 65 or older
Policies with at least $100,000 face value
Universal life, whole life, and convertible term policies
Those seeking more personalized guidance through the process
Think you qualify? Compare offers.
Even if you qualify with Magna Life Settlements, it pays to compare. Trust Life Settlements markets your policy to 20+ institutional buyers with a flat fee — so you know exactly what you'll pay and keep more of your settlement.
Check Your EligibilityMagna Life Settlements FAQ
How does Magna's service differ from larger brokers?
Magna emphasizes personalized attention and direct communication. However, they still charge commission-based fees similar to larger brokers, and their smaller size may mean fewer buyer relationships.
What fees does Magna charge?
Magna typically charges 15–25% of the gross settlement amount as commission. This is standard for commission-based brokers but significantly more than a flat-fee model.
Is personalized service worth higher fees?
Personal attention matters, but it doesn't have to come at a 20%+ commission. Trust Life Settlements provides the same personal advocacy with a flat fee that saves you thousands.
Get a Better Deal Than Magna Life Settlements
Our flat-fee model and competitive bidding process means you keep more of your settlement. Get a free, no-obligation policy review today.