GWG Holdings, Inc.

GWG Holdings, Inc. operated as a financial services enterprise that specialized in delivering diverse liquidity solutions and related services to individuals holding illiquid alternative assets across a broad international scope, including North America, Asia, Western Europe, and both Latin and South America. The firm was structured into two primary divisions: Secondary Life Insurance and Beneficient. Within its Secondary Life Insurance segment, it facilitated access to cash for life insurance policyholders and managed its own collection of such policies. Furthermore, GWG maintained a substantial financial product distribution network, comprising roughly 145 independent broker-dealers and approximately 5,000 independent financial advisors. It was also involved in creating and marketing epigenetic technology specifically for the life insurance sector. Established in 2006, GWG Holdings, Inc. had its corporate headquarters situated in Dallas, Texas. However, on April 20, 2022, the company and its associated entities initiated Chapter 11 bankruptcy proceedings, filing a voluntary petition for reorganization with the U.S. Bankruptcy Court for the Southern District of Texas.