GWG Holdings Inc. (Nasdaq:GWGH), sponsor of non-traded life settlement investment programs, announced that president Michael Freedman was re-elected vice chairman of the board of directors of the Life Insurance Settlement Association (LISA).
Freedman also serves as the chairman of the association’s legislative and regulatory affairs committee and will help lead the planning of LISA’s 22nd Annual Fall Conference in Scottsdale, Arizona in October.
“Michael has been a passionate and tireless advocate for seniors and their families, and his work is reflected in the growing life settlement market,” said Darwin Bayston, president and chief executive officer of LISA. “He has been an influential force as a board member since 2014 and as vice chair last year. I’m confident about LISA’s ongoing growth potential with Michael in these roles.”
Freedman became president of GWG in 2014 and was elected to LISA’s board the same year. His appointment as vice chairman followed in 2015. In the years prior, Freedman founded Sentinel Solutions, a strategic services provider specializing in life settlement, insurance, and other business interests. He also served as senior vice president of government affairs at Coventry First, where he played a key role in more than 60 pieces of life settlement legislation and several federal laws. Freedman holds a juris doctorate from the State University of New York at Buffalo School of Law.
LISA is the oldest and largest national organization representing participants in the life settlement industry.
GWG Holdings is a specialty finance company and a leading purchaser of life insurance in the secondary market. The company’s portfolio consists of more than $1 billion in face value of benefits. Since 2006, GWG has purchased nearly $2 billion in life insurance policy benefits and paid seniors more than $335 million for their policies.