GWG Grows Its Platform of Advisors and Agents As It Looks Ahead to 2017
December 28 2016 - 4:05PM
GWG Holdings, Inc. (Nasdaq:GWGH), a specialty finance company in
the life insurance secondary market, has increased the number of
financial advisors who are able to sell GWG’s investment products
by more than 34 percent over the course of 2016.
In addition to those 4,300 financial advisors from 107 firms
across the U.S., GWG has more than 2,900 life insurance agents who
have signed up to be able to source life insurance policies for
GWG’s Appointed Agent program.
The increasing connection to financial professionals
demonstrates the growth GWG has experienced during 2016. As of
Sept. 30, 2016, total revenue was up over 56 percent from the prior
year to $52.6 million. And the company reported it had recognized
policy benefits in 10 consecutive calendar months through October
2016.
GWG also announced it has exercised an option with the
University of California, Los Angeles (UCLA) for the exclusive
license of “DNA Methylation-Based Predictor of Mortality”
technology it believes can be integrated into its actuarial
underwriting to enhance its current business and enable it to
explore even greater opportunities.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq:GWGH) is a specialty finance company
in the life insurance secondary market. GWG is dedicated to
creating a vibrant life insurance secondary market for the economic
benefit of seniors with life insurance who are seeking
post-retirement financial solutions, investors seeking yield
derived from non-correlated assets, financial advisors seeking
value-added products and services for their clients, and
shareholders seeking to gain from the realization of this
marketplace. As of September 30, 2016, GWG’s growing portfolio
consisted of $1.27 billion in face value of policy benefits. Since
2006, GWG has purchased over $2 billion in life insurance policy
benefits and paid seniors $357 million for their life
insurance.
For more information about GWG Holdings,
email info@gwglife.com or visit www.gwglife.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our strategy, future operations, future financial
position, future revenue, projected costs, prospects, plans and
objectives of management are forward-looking statements. The words
"anticipate," "believe," "estimate," "expect," "intend," "may,"
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forward-looking statements contain these identifying words. These
forward-looking statements include, among other things, statements
about our estimates regarding future revenue and financial
performance. We may not actually achieve the expectations disclosed
in our forward-looking statements, and you should not place undue
reliance on our forward-looking statements. Actual results or
events could differ materially from the expectations disclosed in
the forward-looking statements we make. More information about
potential factors that could affect our business and financial
results is contained in our filings with the Securities and
Exchange Commission. Additional information will also be set forth
in our future quarterly reports on Form 10-Q, annual reports on
Form 10-K and other filings that we make with the Securities and
Exchange Commission. We do not intend, and undertake no duty, to
release publicly any updates or revisions to any forward-looking
statements contained herein.
Media contacts:
Dan Callahan
GWG Holdings, Inc.
(612) 746-1935
dcallahan@gwglife.com
Matt Ehlers
G&S Business Communications
(919) 870-5718, x3221
mehlers@gscommunications.com
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