Magna Life Settlements Inc Salary

Magna Life Settlements Inc Salary

How much does the Magna Life Settlements Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Magna Life Settlements Inc in the United States is $94,267. This translates to an approximate hourly wage of $45. Salaries at Magna Life Settlements Inc typically range from $82,921 to $106,636 annually, reflecting the diverse roles and experience levels within the company. Magna Life Settlements Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Magna Life Settlements Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magna Life Settlements Inc. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Magna Life Settlements Inc

Ready for your next career move? Explore current job openings at Magna Life Settlements Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Magna Life Settlements Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magna Life Settlements Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Magna Life Settlements Inc
Insurance
VA American General Life
Life UPC Richmond Hill campus
Industry Comparison
Our data shows that, on average, compensation at Magna Life Settlements Inc is below the average for the U.S. Insurance industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magna Life Settlements Inc average annual salary with several similar companies. Magna Life Settlements Inc average salary of $94,267 is higher than VA American General Life, which has an average salary of $88,034. It is higher than Life UPC Richmond Hill campus, with their average salary at $88,055. This places Magna Life Settlements Inc in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Magna Life Settlements Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Magna Life Settlements Inc. Click a company name to learn more.

Employee Reviews: Working at Magna Life Settlements Inc

Considering a career at Magna Life Settlements Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The company provides clear guidelines, making it easy to navigate daily tasks. The collaborative culture here is amazing. The hybrid work model is a huge plus. This company is a great place to build a career in insurance.
Commented in February 27, 2025
16
1
The insurance sector can be routine, but the workload is manageable. It’s a stable workplace, though some areas could see improvement in communication. The insurance industry is competitive, but the company provides the resources needed to excel. I’ve had a wonderful time working at this company. The insurance products are high-quality, and client interactions are rewarding. A forward-thinking emp...
Commented in June 23, 2024
19
1
The compensation package is fair, with regular performance reviews ensuring merit-based raises. The company invests in technology to streamline operations. Flexible scheduling and remote options make balancing work and personal life easier. The insurance products are high-quality, making client work easier. There’s a good mix of autonomy and teamwork.
Commented in March 09, 2024
13
2

Magna Life Settlements Inc Overview

Website
www.magnalifesettlements.com
Founded In
2004
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
835 W 6th St Austin Texas TX 78703
Revenue
$10 Million - $50 Million
Phone Number
+1 8889962475
Social Media
About Magna Life Settlements Inc
Magna Life Settlements buys life insurance policies from older Americans who no longer want or need them. As one of the largest providers of life settlements in the U.S., Magna is a top buyer of life insurance policies, licensed and able to do business nationwide. Magna is dedicated to providing an option for older Americans to sell their policy and put their financial asset to use while they are

What Benefits Does Magna Life Settlements Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magna Life Settlements Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Austin?

Understanding the cost of living near Austin is key to truly evaluating a salary offer or your current compensation at Magna Life Settlements Inc.
Austin's Cost of Living Index is approximately 129.5 (29.5% more expensive than US average; 39.2% more than TX average). State capital, major tech hub, 'Keep Austin Weird', very high housing costs, high overall expenses. Capital Metro. When planning your budget based on a salary from Magna Life Settlements Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,500+ A significant portion of Magna Life Settlements Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $41.25 (CapMetro monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $950+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,111 - $5,071+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magna Life Settlements Inc

1. What is the average salary for employees at Magna Life Settlements Inc?

The average annual total compensation for employees at Magna Life Settlements Inc is approximately $94,267. However, this is an aggregate figure, actual salaries can range significantly, typically from $82,921 to $106,636, depending on factors like job role, experience, and location.

2. How much does Magna Life Settlements Inc pay compared to VA American General Life?

The average annual salary at Magna Life Settlements Inc is $94,267, or an hourly wage of $45, in comparison to VA American General Life which pays $88,034 per year or $42 per hour.

3. What is the lowest salary at Magna Life Settlements Inc?

The lowest-paying job at Magna Life Settlements Inc is a Closing Specialist with a salary of $38,819 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Magna Life Settlements Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Magna Life Settlements Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Magna Life Settlements Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Austin?

While some companies offer formal COLA, many, including potentially Magna Life Settlements Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Magna Life Settlements Inc?

Most companies, likely including Magna Life Settlements Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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