MINNEAPOLIS, Nov. 03, 2016 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH ), a financial services company engaged in the life insurance secondary market, today announced that it exercised its option to secure the exclusive license for the “DNA Methylation Based Predictor of Mortality” technology from the University of California, Los Angeles (UCLA). The technology was discovered by Dr. Steve Horvath and is featured in the September 2016 edition of “Aging”.
In 2013, Dr. Horvath reported that human cells have a mechanism that records biological aging progression based on DNA methylation that is independent from chronological aging progression. In 2016, Dr. Horvath discovered a specific set of DNA methylation-based bio-markers that are highly predictive of all-cause mortality. The discovery was made through a statistical analysis of bio-markers found in DNA samples from over 13,000 individuals whose health was studied for decades. The implications of Dr. Horvath’s discovery are simple and profound: Individual lifespans can now be estimated with significantly greater precision across large groups of individuals.
“We believe Dr. Horvath’s technology will revolutionize the prediction of human longevity,” commented Jon Sabes, Chief Executive Officer. “We expect to immediately implement this technology into our current business to enhance our actuarial underwriting precision. In addition, we intend to explore a more comprehensive application of this technology to the life insurance business. While we have some work to complete to firm up our expectations, we believe we may hold some of the most innovative financial technology the life insurance industry has seen in over a century.” More information regarding the DNA Methylation Based Predictor of Mortality technology and a discussion on the implications for GWG’s current business, as well as its potential application to the wider insurance industry, can be found on our website at www.gwgh.com .
About GWG Holdings, Inc. GWG Holdings, Inc. (GWG) (Nasdaq: GWGH ) is a specialty finance company and a leader in the life insurance secondary market. GWG is dedicated to creating a vibrant life insurance secondary market for the economic benefit of seniors 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 benefit from the growth of this marketplace. As of June 30, 2016, GWG’s growing portfolio consisted of over $1.1 billion in face value of benefits. Since 2006, GWG has purchased over $2 billion in life insurance policy benefits and paid seniors over $357 million for their policies.
For more information about GWG Holdings, email info@gwglife.com or visit www.gwglife.com .
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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
