GWG Holdings, Inc. (NASDAQ: GWGH), ("GWG") a specialty finance company and leader in the life insurance secondary market, is pleased to announce that its wholly-owned subsidiary, GWG Life, LLC ("GWG Life") was granted a life settlement provider license by the Georgia Office of Commissioner of Insurance, effective June 17, 2015.
PRNewswire, 18 June 2015

Minneapolis, MN

GWG Holdings, Inc. (NASDAQ: GWGH), ("GWG") a specialty finance company and leader in the life insurance secondary market, is pleased to announce that its wholly-owned subsidiary, GWG Life, LLC ("GWG Life") was granted a life settlement provider license by the Georgia Office of Commissioner of Insurance, effective June 17, 2015.

The life settlement provider license, which was obtained after a comprehensive licensure process, allows GWG Life to purchase life insurance policies in the secondary market from owners residing in the state of Georgia.

GWG President Michael Freedman stated, "We are excited to be able to give seniors in Georgia greater access to the secondary market for life insurance. With this license, GWG can offer them market value for their unwanted, unneeded and unaffordable policies to help pay for post-retirement financial needs."

GWG is now licensed in 30 of the 42 states that require life settlement licenses, with applications pending in five additional states. This brings GWG's reach to over 96 percent of the U.S. population and helps further the Company's commitment to educating the public about life settlements and the financial benefits they provide to seniors who no longer want, need or can afford their life insurance.

About GWG Holdings, Inc.

GWG Holdings, Inc. (NASDAQ: GWGH) is a specialty finance company and leader in the life insurance secondary market. GWG, through its subsidiaries, purchases life insurance policies from seniors who no longer want, need or can afford their policies.  Since 2006, GWG has purchased more than $1.7 billion in life insurance policy benefits and paid seniors over $283 million for their policies – approximately $266 million more than the surrender or lapse value offered by insurance carriers. GWG's strategy is to originate and manage a diverse portfolio of life insurance policies that generate yields that exceed the costs to finance the policies (in aggregate).  GWG finances the purchase and maintenance of a portfolio of policies primarily through a fixed income alternative investment product that is offered through independent broker-dealers and registered investment advisors nationwide. GWG's goal is to generate financial returns for GWG's investors and shareholders while providing valuable post-retirement financial solutions to seniors.

For more information about GWG, email info@gwglife.com or visit www.gwglife.com.

SOURCE GWG Holdings, Inc.

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