Form D Raw Data - Electronic Filing Depository

EFDID: 361230EFD: Raw Data

Issuer: GWG LIFE, LLC (0001456381) - D

Accession: 0001213900-21-002493 () (EDGAR Files) (Form D)

Edgar Posted: Jan. 15, 2021
EFD Posted: Jan. 15, 2021

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001456381 </ cik >

< entityName > GWG LIFE, LLC </ entityName >

- < issuerAddress >

< street1 > 325 NORTH ST. PAUL STREET </ street1 >

< street2 > SUITE 2650 </ street2 >

< city > DALLAS </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 612-746-1944 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< previousName > GWG Life Settlements, LLC </ previousName >

< previousName > GWG DLP Funding, LLC </ previousName >

</ edgarPreviousNameList >

< entityType > Limited Liability Company </ entityType >

- < yearOfInc >

< overFiveYears > true </ overFiveYears >

</ yearOfInc >

</ primaryIssuer >

- < issuerList >

- < issuer >

< cik > 0001522690 </ cik >

< entityName > GWG Holdings, Inc. </ entityName >

- < issuerAddress >

< street1 > 325 NORTH ST. PAUL STREET </ street1 >

< street2 > SUITE 2650 </ street2 >

< city > DALLAS </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 612-746-1944 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Corporation </ entityType >

- < yearOfInc >

< overFiveYears > true </ overFiveYears >

</ yearOfInc >

</ issuer >

</ issuerList >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Murray </ firstName >

< middleName > T. </ middleName >

< lastName > Holland </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > President and Chief Executive Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Timothy </ firstName >

< middleName > L. </ middleName >

< lastName > Evans </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Financial Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Brad </ firstName >

< middleName > K. </ middleName >

< lastName > Heppner </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Director, Chairman of the Board </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Roy </ firstName >

< middleName > W. </ middleName >

< lastName > Bailey </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Peter </ firstName >

< middleName > T. </ middleName >

< lastName > Cangany, Jr. </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > David </ firstName >

< middleName > F. </ middleName >

< lastName > Chavenson </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Thomas </ firstName >

< middleName > O. </ middleName >

< lastName > Hicks </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Donald </ firstName >

< middleName > P. </ middleName >

< lastName > Lockhart </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Bruce </ firstName >

< middleName > W. </ middleName >

< lastName > Schnitzer </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Roger </ firstName >

< middleName > T. </ middleName >

< lastName > Staubach </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > David </ firstName >

< middleName > H. </ middleName >

< lastName > de Weese </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 325 North St. Paul Street </ street1 >

< street2 > Suite 2650 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06c </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > false </ isAmendment >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2020-12-31 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isDebtType > true </ isDebtType >

< isOtherType > true </ isOtherType >

< descriptionOfOtherType > Guarantee </ descriptionOfOtherType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 1 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > None </ recipientName >

< recipientCRDNumber > None </ recipientCRDNumber >

< associatedBDName > Emerson Equity LLC </ associatedBDName >

< associatedBDCRDNumber > 130032 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 155 BOVET ROAD </ street1 >

< street2 > SUITE 725 </ street2 >

< city > SAN MATEO </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94402 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 1000000000 </ totalOfferingAmount >

< totalAmountSold > 655021 </ totalAmountSold >

< totalRemaining > 999344979 </ totalRemaining >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 3 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 16375 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse />

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

</ grossProceedsUsed >

< clarificationOfResponse />

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > GWG LIFE, LLC </ issuerName >

< signatureName > /s/ Murray T. Holland </ signatureName >

< nameOfSigner > Murray T. Holland </ nameOfSigner >

< signatureTitle > President and Chief Executive Officer </ signatureTitle >

< signatureDate > 2021-01-15 </ signatureDate >

</ signature >

- < signature >

< issuerName > GWG Holdings, Inc. </ issuerName >

< signatureName > /s/ Murray T. Holland </ signatureName >

< nameOfSigner > Murray T. Holland </ nameOfSigner >

< signatureTitle > President and Chief Executive Officer </ signatureTitle >

< signatureDate > 2021-01-15 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >