Awards granted (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
Senior credit facility with LNV Corporation
Line of Credit, Current
Document Type
Document Type
Receivable Type [Axis]
Receivable Type [Axis]
Quarterly preferred return cap, revenue, threshold three, minimum
Quarterly Preferred Return Cap, Revenue Threshold Three, Minimum
Quarterly Preferred Return Cap, Revenue Threshold Three, Minimum
Underlying investments
Alternative Investments, Number Of Underlying Investments
Alternative Investments, Number Of Underlying Investments
Common stock
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Settlements
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements
Commitments and Contingencies
Commitments and Contingencies Disclosure [Text Block]
Granted (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross
Variable Interest Entities
Schedule of Variable Interest Entities [Table Text Block]
Related Party [Axis]
Related Party [Axis]
Series A Preferred Stock
Series A Preferred Stock [Member]
Preferred stock redemption price
Preferred Stock, Redemption Price
Preferred Stock, Redemption Price
Treasury Stock
Treasury Stock [Member]
Accounts payable and other accrued expenses
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Investment Agreement
Investment Agreement [Member]
Investment Agreement
2024
Life Settlement Contract, Fair Value, Maturity, Year Three
One-time advance paid
One-time Advance Paid
One-time Advance Paid
Segments [Axis]
Segments [Axis]
Commercial loan, term
Loans Receivable, Term
Loans Receivable, Term
Investment owned
Investment Owned, at Cost
Level 3
Fair Value, Inputs, Level 3 [Member]
Debt issuance costs, gross
Debt Issuance Costs, Gross
Schedule of life insurance portfolio
Schedule of life insurance portfolio [Table Text Block]
Disclosure of portfolio life insurance.
Statistical Measurement [Domain]
Statistical Measurement [Domain]
CT Risk Management, LLC
CT Risk Management, LLC [Member]
CT Risk Management, LLC
LIABILITIES & STOCKHOLDERS’ EQUITY
Liabilities and Equity [Abstract]
Risks and Uncertainties [Abstract]
Risks and Uncertainties [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Distributions payable to noncontrolling interest
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders
Aggregate payments to purchase put options
Capital contribution
Payments to Acquire Interest in Subsidiaries and Affiliates
Deferred tax liability, net
Deferred Income Tax Liabilities, Net
Installment amounts
Debt Instrument, Periodic Payment
Redeemable Preferred Stock
Preferred Stock [Member]
Security Exchange Name
Security Exchange Name
2024
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Three
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Three
Face value of matured policies
RealizedFaceValueOnLifeSettlementMaturities
The amount of realized face value on life settlement maturities.
Return of investment for matured life insurance policies
Proceeds from Life Insurance Policy
Tax liability from grant
Tax Liability from Grant
Tax Liability from Grant
Treasury stock recognized
Treasury Stock, Retired, Cost Method, Amount
Quarterly preferred return cap, percent, threshold five
Quarterly Preferred Return Cap, Percent, Threshold Five
Quarterly Preferred Return Cap, Percent, Threshold Five
2023
Life Settlement Contract, Investment Method, Premium to be Paid, Year Two
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents Items [Line Items]
Variable Rate [Domain]
Variable Rate [Domain]
Variable Rate [Axis]
Variable Rate [Axis]
Investment in life insurance policies, at fair value
Other Investments
Tax withholding on employee equity awards
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation
ASSETS
Assets:
Assets [Abstract]
John Hancock Life Insurance Company
Life Insurance Company B [Member]
Life insurance company B.
Quarterly preferred return cap, revenue, threshold six
Quarterly Preferred Return Cap, Revenue Threshold Six
Quarterly Preferred Return Cap, Revenue Threshold Six
Total life insurance portfolio face value of policy benefits
Totals
Aggregate face value
Life Settlement Contracts, Fair Value Method, Face Value
Investment in Life Insurance Policies
Life Settlement Contracts, Disclosure [Text Block]
Investment, Name [Axis]
Investment, Name [Axis]
Share-based compensation arrangement by share-based payment award, award vesting period
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period
Entity Address, State or Province
Entity Address, State or Province
RSUs vested (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period
SAR
Stock Appreciation Rights (SARs) [Member]
Director Capital Account Balance
Director Capital Account Balance
Director Capital Account Balance
Additional collateral pledged
Additional collateral pledged
Additional collateral pledged.
2024
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, Year Three
Other Commitments [Table]
Other Commitments [Table]
Annualized return required
Annualized Return Required
Annualized Return Required
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accumulated deficit
Retained Earnings (Accumulated Deficit)
L Bonds
Secured Debt
Percent divided by LTV Percentage for Higher Rate Factor
Debt Instrument, Higher Interest Rate Factor Determination, Percent Divided By LTV Percentage
Debt Instrument, Higher Interest Rate Factor Determination, Percent Divided By LTV Percentage
Convertible units, automatic exchange, minimum required capital account if all units not converted
Conversion Of Units, Required Capital Account If All Units Not Converted
Conversion Of Units, Required Capital Account If All Units Not Converted
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Thereafter
Life Settlement Contract, Fair Value Method, Face Value, Maturity, after Year Five
LBonds
LBonds [Member]
Common stock in treasury (in shares)
Treasury Stock, Shares, Acquired
Reconciliation of level 3 investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Balance (in shares)
Balance (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
Change in Fair Value of Investment [Axis]
Change in Fair Value of Investment [Axis]
Financial assets and liabilities carried at fair value on a recurring basis
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Share-based payment arrangement, nonvested award, cost not yet recognized, amount
Total
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount
Stock Appreciation Rights
Stock Appreciation Rights [Member]
Beginning balance (in shares)
Ending balance (in shares)
Shares, Outstanding
Redeemable preferred stock
Preferred Stock, Value, Issued
Capital contributions permitted (in usd per share)
Capital Contributions, Preferred Series A, Subclass 1, Exchange Price
Capital Contributions, Preferred Series A, Subclass 1, Exchange Price
Plus 1%
Plus One Percent [Member]
Plus one percent.
2025
Life Settlement Contract, Fair Value Method, Face Value, Maturity, Year Four
Equity method investments
Contributions
Payments to Acquire Equity Method Investments
Common stock in treasury, at cost (12,337,264 shares as of both March 31, 2021 and December 31, 2020)
Treasury Stock, Common, Value
Change in Discount Rate [Domain]
Change in Discount Rate [Domain]
Change in discount rate.
Common stock, par value (in usd per share)
Common Stock, Par or Stated Value Per Share
Valuation Approach and Technique [Domain]
Valuation Approach and Technique [Domain]
Payments for deferred financing costs and issuance costs
Payments of Financing Costs
REUs
REUs
REU's [Member]
Percentage of common units
Percentage of common units
Percentage of common units.
Series 2 Redeemable Preferred Stock
Series 2 Redeemable Preferred Stock
Series 2 Preferred Stock [Member]
Series 2 Preferred Stock
2022
Life Settlement Contract, Investment Method, Premium to be Paid, Year One
Investment in alternative assets, at fair value
Value
Alternative Investment
Carrying Value
Carrying Value [Member]
Schedule of carrying amounts and estimated fair values of the Company's financial instruments
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value [Table Text Block]
Equity-based compensation
APIC, Share-based Payment Arrangement, Increase for Cost Recognition
Age of insured range, years
Age of insured range, years
Fair value inputs, range of weighted average age of insured.
Senior credit facility with LNV Corporation
Senior credit facility
Senior credit facility.
(Increase) decrease in noncontrolling interests
Noncontrolling Interest, Other (Increase) Decrease
Noncontrolling Interest, Other (Increase) Decrease
LNV Corporation
LNV Corporation [Member]
Average closing price (in usd per share)
Share Price
Lender Name [Axis]
Lender Name [Axis]
Convertible units, automatic exchange, unit price (in usd per share)
Convertible Units, Automatic Exchange, Unit Price
Convertible Units, Automatic Exchange, Unit Price
Line of credit facility, maximum month-end outstanding amount
Line of Credit Facility, Maximum Month-end Outstanding Amount
Income allocation percentage
Income Allocation Percentage
Income Allocation Percentage
Multiplier percentage
Preferred Return, Multiplier Percentage
Preferred Return, Multiplier Percentage
Business Acquisition [Axis]
Business Acquisition [Axis]
Geographical [Domain]
Geographical [Domain]
Minus 4 Months
Minus Four Months [Member]
Minus four months.
Share-based compensation arrangement by share-based payment award, expiration period
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period
Minimum balance required for capital funding commitment
Capital Funding Commitment Reserves, Minimum Trust Balance Required
Capital Funding Commitment Reserves, Minimum Trust Balance Required
Secondary Life Insurance
Secondary Life Insurance Segment [Member]
Secondary Life Insurance Segment
Statement [Line Items]
Statement [Line Items]
Unconsolidated VIEs [Axis]
Unconsolidated VIEs [Axis]
Unconsolidated VIEs
Sub-capital accounts, percentage
Sub-capital accounts, percentage
Sub-capital accounts percentage.
Forecast
Forecast [Member]
Class of Stock [Domain]
Class of Stock [Domain]
NET LOSS PER COMMON SHARE
Numerator:
Earnings Per Share, Basic and Diluted [Abstract]
Advance received
Advance received
Line of credit advanced received.
Change in fair value of life insurance policies
Unrealized Gain (Loss) on Investments
Vested
Vested [Member]
Vested
Maturity from issuance
Debt Instrument, Term
Proceeds received, net
Proceeds from Long-term Lines of Credit
Concentration of risk - change in life expectancy estimates
Fair Value, Concentration of Risk [Table Text Block]
Payments for redemption of preferred stock
Payments for Repurchase of Redeemable Convertible Preferred Stock
Vested (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares
Measurement Input Type [Domain]
Measurement Input Type [Domain]
Statement [Table]
Statement [Table]
Portion allocated to noncontrolling interest holders (in dollars per share)
Loan Repayment, Portion Allocated To Noncontrolling Interest Holders
Loan Repayment, Portion Allocated To Noncontrolling Interest Holders
Statistical Measurement [Axis]
Statistical Measurement [Axis]
GWG common shares transferred (in shares)
Common stock transactions between shareholders (in shares)
Common Shares Transferred
Common stock transactions between shareholders.
Credit Facility [Axis]
Credit Facility [Axis]
Issuance of preferred stock (in shares)
Preferred Stock, Shares Issued
Change of control event, ownership threshold
Change Of Control Event, Ownership Threshold
Change Of Control Event, Ownership Threshold
Percent added to Interest Rate for Default Rate
Debt Instrument, Default Rate Determination, Percent Added To Daily Interest Rate
Debt Instrument, Default Rate Determination, Percent Added To Daily Interest Rate
Life insurance policy benefits receivable
Increase Decrease In Policy Benefits Receivable
Increase Decrease In Policy Benefits Receivable
Non-higher interest rate factor
Debt Instrument, Interest Rate Multiplier, Non-Higher Rate Factor
Debt Instrument, Interest Rate Multiplier, Non-Higher Rate Factor
Thereafter
Life Settlement Contract, Fair Value, Maturity, after Year Five
Entity Small Business
Entity Small Business
2025
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, Year Four
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares acquired (in shares)
Sale of Stock, Number of Shares Issued in Transaction
Number of Installments
Number of Installments
Number of Installments
Unamortized deferred financing costs
Unamortized Debt Issuance Expense
Debt
Debt Disclosure [Text Block]
Fair Value Hierarchy and NAV [Domain]
Fair Value Hierarchy and NAV [Domain]
Interest and dividends payable
Interest and Dividends Payable
Quarterly preferred return cap, revenue, threshold four, maximum
Quarterly Preferred Return Cap, Revenue Threshold Four, Maximum
Quarterly Preferred Return Cap, Revenue Threshold Four, Maximum
Issuance of common stock
Proceeds from Issuance of Common Stock
Life Settlement Contracts, Fair Value Method, Gain (Loss) [Abstract]
Life Settlement Contracts, Fair Value Method, Gain (Loss) [Abstract]
Restrictions on Cash and Cash Equivalents [Table]
Restrictions on Cash and Cash Equivalents [Table]
Amendment Flag
Amendment Flag
Schedule of basic and diluted income (loss) per share
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Denominator:
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Beginning balance
Ending balance
Fair Value
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value
Schedule of reconciliation of investments in life insurance policies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Preferred units issued (in shares)
Preferred Units, Issued
Corporate & Other
Corporate, Non-Segment [Member]
Change In Life Expectancy [Domain]
Change In Life Expectancy [Domain]
Average face value per insured life
Average face value per insured life (in thousands)
Average face value per insured life.
Common stock pledged (in shares)
Common Stock, Used As Collateral
Common Stock, Used As Collateral
Rollforward of equity method investment
Equity Method Investments [Table Text Block]
Other
Other Investments [Member]
NET CASH FLOWS USED IN OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities
Entity Central Index Key
Entity Central Index Key
Expense recognized
Performance Condition Expense Recognized
Performance Condition Expense Recognized
Related Party [Domain]
Related Party [Domain]
Equitable Financial Life Insurance Company
Life Insurance Company [Member]
Life insurance company A.
Venture Capital
Venture Capital Funds [Member]
Financial Instruments [Domain]
Financial Instruments [Domain]
Fair Value Measurement [Domain]
Fair Value Measurement [Domain]
Change in Discount Rate
Change in Discount Rate [Member]
Number of unique lives
Number of unique lives
Number of unique lives.
Debt due to related parties: Capitalization of deferred financing costs to principal
Capitalization Of Deferred Financing Costs, Debt Due To Related Parties
Capitalization Of Deferred Financing Costs, Debt Due To Related Parties
Geographical [Axis]
Geographical [Axis]
Subsequent Events and Other Matters
Subsequent Events [Text Block]
Number of directors
Number of Directors Assigned Capital Account
Number of Directors Assigned Capital Account
Segments [Domain]
Segments [Domain]
Statement of Cash Flows [Abstract]
Statement of Cash Flows [Abstract]
Other borrowings gross
Debt Due To Related Parties, Gross
Debt Due To Related Parties, Gross
Effect of dilutive securities (in shares)
Weighted Average Number Diluted Shares Outstanding Adjustment
Number of individuals covered under policies realized
Life Settlement Contract, Contracts Realized, Number Of Individuals Covered
Life Settlement Contract, Contracts Realized, Number Of Individuals Covered
BMP Equity Units
BMP equity units
BMP Equity Units [Member]
Total gain in earnings
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings
Other accrued liabilities
Other Accrued Liabilities
Dividend yield
Measurement Input, Expected Dividend Rate [Member]
Entity Common Stock, Shares Outstanding (in shares)
Entity Common Stock, Shares Outstanding
Schedule of the number of insurance contracts
Schedule of the number of insurance contracts [Table Text Block]
Tabular disclosure of concentration of risk by state.
Other Commitments [Line Items]
Other Commitments [Line Items]
CASH FLOWS FROM FINANCING ACTIVITIES
Net Cash Provided by (Used in) Financing Activities [Abstract]
Ownership Interest
Ownership Interest
Ownership Interest
Weighted-average life expectancy, months
Weighted-average life expectancy, months
Fair value inputs, Weighted average life expectancy.
Stockholders' Equity (Textual)
Stockholders' Equity (Textual)
Schedule of reconciliation of gain (loss) on life insurance policies
Schedule of reconciliation of gain (loss) on life insurance policies [Table Text Block]
Tabular disclosure of reconciliation of gain on life settlements.
Plan Name [Axis]
Plan Name [Axis]
Equity Method Investments
Equity Method Investments and Joint Ventures Disclosure [Text Block]
Schedule of estimate that premium payments and servicing fees required to maintain our current portfolio of life insurance policies
Schedule of estimate that premium payments and servicing fees required to maintain our current portfolio of life insurance policies [Table Text Block]
Tabular disclosure of estimated expected premium payments to maintain life insurance policies in force assuming no mortalities.
ExAlt Trusts
ExAlt Trusts [Member]
ExAlt Trusts
Segment Reporting
Segment Reporting Disclosure [Text Block]
Fair value of awards at grant date
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Fair Value
Issuance of common stock
Stock Issued During Period, Value, New Issues
Maximum interest rate
Debt Instrument, Variable Rate, Maximum
Debt Instrument, Variable Rate, Maximum
Concentration Risk [Table]
Concentration Risk [Table]
Loss on investment
Variable Interest Entity, Measure of Activity, Income or Loss before Tax
Change in fair value of the investment in life insurance policies
Change in fair value of the investment in life insurance policies
The amount of sensitivity analysis of fair value of life settlement contracts to changes assumptions.
TOTAL ASSETS
TOTAL ASSETS
Assets
Assets
Purchases of fixed assets
Payments to Acquire Other Property, Plant, and Equipment
Scenario [Axis]
Scenario [Axis]
Fair Value Of Investment In Life Insurance Policies [Table]
Fair Value Of Investment In Life Insurance Policies [Table]
Amortization of deferred financing and issuance costs
Amortization of Other Deferred Charges
Title of 12(b) Security
Title of 12(b) Security
Convertible units, automatic exchange, number of trading days
Convertible Units, Automatic Exchange, Trading Days
Convertible Units, Automatic Exchange, Trading Days
Change In Discount Rate [Axis]
Change In Discount Rate [Axis]
Change in discount rate.
Put Option
Put Option [Member]
Class A and S units
Class A And S Units [Member]
Class A And S Units
Subsequent Event Type [Axis]
Subsequent Event Type [Axis]
Director Two
Director Two [Member]
Director Two
Vesting [Domain]
Vesting [Domain]
Director capital account balance forfeited
Director Capital Account Balance Forfeited
Director Capital Account Balance Forfeited
Interest expense
Interest Expense
Preferred stock, liquidation preference per share (in usd per share)
Preferred Stock, Liquidation Preference Per Share
2022
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, Year One
Product and Service [Axis]
Product and Service [Axis]
Vested (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Vested
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Vested
Distribution payable to noncontrolling interest (Note 10)
Transfer from Investments
National Founders Credit Agreement
National Founders Credit Agreement [Member]
National Founders Credit Agreement
TOTAL LIABILITIES
TOTAL LIABILITIES
Liabilities
Employee compensation and benefits
Employee Benefits and Share-based Compensation
Investment Type [Axis]
Investment Type [Axis]
Estimated Fair Value
Life Settlement Contracts, Fair Value, Fiscal Year Maturity [Abstract]
Carrying value of life insurance policies
Carrying value of life insurance policies
Life insurance policy.
Gain on life insurance policies, net
Gain on life insurance policies, net
Gain on life insurance policies net.
Valuation Approach and Technique [Axis]
Valuation Approach and Technique [Axis]
Preferred equity
Share-based Payment Arrangement, Preferred Equity [Member]
Share-based Payment Arrangement, Preferred Equity
Total
Premiums And Servicing Fees [Member]
Commercial loan, interest rate
Investment Interest Rate
Debt Due To Related Parties
Debt Due To Related Parties [Member]
Debt Due To Related Parties
Average annual premium as % of face value
Average annual premium as % of face value
Average annual premium as of face value.
BCH
BCH [Member]
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Abstract]
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
Net losses attributable to common shareholders
Net Income (Loss) Available to Common Stockholders, Basic
Level 1
Fair Value, Inputs, Level 1 [Member]
Change in estimated probabilistic cash flows
Change In Estimated Probabilistic Cash Flows
The amount of change in estimated probabilistic cash flows.
Largest policy as % of total portfolio face value
Largest policy as % of total portfolio face value
Percentage of largest policy as of total portfolio face value.
Percent added to benchmark
Debt Instrument, Default Rate Determination, Percent Added To Benchmark Rate
Debt Instrument, Default Rate Determination, Percent Added To Benchmark Rate
Debt, weighted average interest rate
Debt, Weighted Average Interest Rate
Director One
Director One [Member]
Director One
LIBOR floor
Debt Instrument LIBOR Floor
Debt Instrument LIBOR Floor
DLP IV
DLP IV [Member]
DLP IV
Other borrowings
Debt Due To Related Parties, Credit Facility [Member]
Fair value of matured policies
Gain (Loss) Fair Value Of Matured Policies
The amount of fair value on life settlement maturities.
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Redemption of redeemable preferred stock (in shares)
Stock Redeemed or Called During Period, Shares
Additional Paid-in Capital
Additional Paid-in Capital [Member]
Debt Instrument [Axis]
Debt Instrument [Axis]
Notional amount of put options
Derivative Instruments Not Designated as Hedging Instruments, Asset, Notional Value
Derivative Instruments Not Designated as Hedging Instruments, Asset, Notional Value
Other assets
Other Assets
Restricted exercise period
Measurement Input, Expected Term [Member]
Operating Segments
Operating Segments [Member]
Class of Stock [Line Items]
Class of Stock [Line Items]
Percent of distributions entitled to residual beneficiary, payments on amounts due
Percentage Of Distributions Entitled To Residual Beneficiary, Payments On Amounts Due
Percentage Of Distributions Entitled To Residual Beneficiary, Payments On Amounts Due
Asset Class [Axis]
Asset Class [Axis]
2025
Life Settlement Contract, Investment Method, Premium to be Paid, Year Four
Common stock in treasury
Treasury Stock, Value, Acquired, Cost Method
Nine months ending December 31, 2021
Life Settlement Contract, Fair Value, Maturity, Remainder of Fiscal Year
Adjustments to reconcile net loss to net cash flows used in operating activities:
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Granted (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted
Partners' capital
Partners' Capital
Fair value of our portfolio of life insurance policies
Fair value of our portfolio of life insurance policies
Realized gains from life insurance policies
Realized gains from life insurance policies
Amount of cash inflow for proceeds from settlement of corporate-owned life insurance policy, classified as investing activities. Includes, but is not limited to, bank-owned life insurance policy.
Basis of Presentation
Basis Of Presentation [Policy Text Block]
Basis Of Presentation
Liquidity Bonds
Liquidity Bonds [Member]
Liquidity Bonds
Percent added to Federal Funds Rate
Debt Instrument, Benchmark Rate Determination, Percent Added To Federal Funds Rate
Debt Instrument, Benchmark Rate Determination, Percent Added To Federal Funds Rate
Demographics, percent female
Demographics, Percent Female
Demographics, Percent Female
Common stock, outstanding (in shares)
Common Stock, Shares, Outstanding
Equity method investments
Beginning balance
Ending balance
Total equity method investment
Equity Method Investments
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Abstract]
Schedule of Investments [Line Items]
Schedule of Investments [Line Items]
Variable Interest Entities
Variable Interest Entity Disclosure [Text Block]
Subsequent Event
Subsequent Event [Member]
Preferred Series C Subclass 1 Unit Accounts
Preferred Series C Subclass 1 Unit Accounts [Member]
Preferred Series C Subclass 1 Unit Accounts
Restatement and Reclassification
Reclassification, Comparability Adjustment [Policy Text Block]
Common stock, authorized (in shares)
Common Stock, Shares Authorized
Ben Equity Incentive Plan
Ben Equity Incentive Plan [Member]
Quarterly preferred return cap, percent, threshold two
Quarterly Preferred Return Cap, Percent, Threshold Two
Quarterly Preferred Return Cap, Percent, Threshold Two
Segment information
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Redeemable Preferred Stock
Series 1 Preferred Stock [Member]
Series 1 Preferred Stock
Minus 2%
Minus Two Percent [Member]
Minus two percent.
Interest income
Interest Income, Operating
Totals
Life Settlement Contracts, Fair Value
Estimated Fair Value
Estimate of Fair Value Measurement [Member]
Income Statement [Abstract]
Income Statement [Abstract]
Repayment of advance paid, including interest and penalties
Repayment Of Advance Received, Including Interest And Penalties
Repayment Of Advance Received, Including Interest And Penalties
Repayments of senior debt
Repayments of Senior Debt
Face value of insurance benefits
Face Value Of Insurance Benefits
This element represents subsequent event realized value life settlement policies.
Additional debt or borrowings threshold
Additional Debt or Borrowings
Additional Debt or Borrowings
Schedule of Segment Reporting Information, by Segment [Table]
Schedule of Segment Reporting Information, by Segment [Table]
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity, Primary Beneficiary [Member]
Purchases
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases
2024
Life Settlement Contract, Investment Method, Premium to be Paid, Year Three
NET LOSS BEFORE LOSS FROM EQUITY METHOD INVESTMENT
NET INCOME (LOSS) BEFORE EARNINGS (LOSS) FROM EQUITY METHOD INVESTMENT
Amount of income (loss) from continuing operations before earnings from equity method investments.
Use of Estimates
Use of Estimates, Policy [Policy Text Block]
Amendment Number One
Amendment Number One [Member]
Amendment Number One
Amortization
Amortization
Conversion of note receivable to capital
Conversion Of Note Receivable Related Party To Investment
Conversion Of Note Receivable Related Party To Investment
Consolidated Entities [Axis]
Consolidated Entities [Axis]
Quarterly preferred return cap, revenue, threshold four, minimum
Quarterly Preferred Return Cap, Revenue Threshold Four, Minimum
Quarterly Preferred Return Cap, Revenue Threshold Four, Minimum
Quarterly preferred return cap, percent, threshold one
Quarterly Preferred Return Cap, Percent, Threshold One
Quarterly Preferred Return Cap, Percent, Threshold One
Preferred stock, par value (in usd per share)
Preferred Stock, Par or Stated Value Per Share
Other expenses
Other Expenses
Scenario [Domain]
Scenario [Domain]
Legal Entity [Axis]
Legal Entity [Axis]
Counterparty Name [Domain]
Counterparty Name [Domain]
City Area Code
City Area Code
Consolidation Items [Domain]
Consolidation Items [Domain]
Document Period End Date
Document Period End Date
Director
Director [Member]
Loss from equity method investment
Loss from equity method investment
Loss on equity method investment
Income (Loss) from Equity Method Investments
NET LOSS
Net loss
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
LOSS BEFORE INCOME TAXES
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
Borrowings on senior debt
Proceeds from Issuance of Senior Long-term Debt
L Bonds and Seller Trust L Bonds
L Bonds and Seller Trust L Bonds
L Bonds and Seller Trust L Bonds.
Demographics, percent male
Demographics, Percent Male
Demographics, Percent Male
2024
Life Settlement Contract, Fair Value Method, Face Value, Maturity, Year Three
Average policy as % of total portfolio face value
Average policy as % of total portfolio face value
Average policy as of total portfolio.
Number of smokers
Number of smokers
Number of smokers.
Unconsolidated VIEs [Domain]
Unconsolidated VIEs [Domain]
Unconsolidated VIEs [Domain]
Components of equity-based compensation expense
Share-based Payment Arrangement, Cost by Plan [Table Text Block]
Commitment to contribute to FOXO
Equity Method Investment, Commitment To Fund [Member]
Equity Method Investment, Commitment To Fund
Long-term Debt, Type [Domain]
Long-term Debt, Type [Domain]
Equity-based compensation
Share-based Payment Arrangement, Noncash Expense
Commercial Loan
Commercial Loan [Member]
Entity [Domain]
Entity [Domain]
Payment of employee taxes on equity based awards
Payment, Tax Withholding, Share-based Payment Arrangement
2025
Life Settlement Contract, Fair Value, Maturity, Year Four
Cover [Abstract]
Preferred return, numerator, basis spread over effective income tax rate
Preferred Return, Denominator, Basis Spread Over Effective Income Tax Rate
Preferred Return, Denominator, Basis Spread Over Effective Income Tax Rate
Measurement Input Type [Axis]
Measurement Input Type [Axis]
2026
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Five
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Five
Life Insurance Policy
Life Insurance Policy [Member]
Life Insurance Policy
FOXO
FOXO [Member]
FOXO
Return on investments in alternative assets
Proceeds from Equity Method Investment, Distribution
Repurchase Option
Repurchase Option [Member]
Repurchase Option
Face Value
Life Settlement Contracts, Fair Value Method, Face Value, Fiscal Year Maturity [Abstract]
Affiliated Entity
Affiliated Entity [Member]
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Abstract]
Beginning balance
Ending balance
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value
Applicable margin
Debt Instrument, Applicable Margin
Debt Instrument, Applicable Margin
California
CALIFORNIA
Life expectancy range, months
Life expectancy range, months
Fair Value Inputs Range of Weighted Average Life Expectancy.
2025
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Four
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Four
TOTAL EXPENSES
TOTAL EXPENSES
Costs and Expenses
Summary of award activity
Share-based Payment Arrangement, Activity [Table Text Block]
Equity Components [Axis]
Equity Components [Axis]
Measurement Input
Servicing Liability, Measurement Input
Preferred units outstanding (in shares)
Preferred Units, Outstanding
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Abstract]
Conversion of note receivable, additional potential capital interests
Note Receivable Conversion, Additional Potential Investment Receivable
Note Receivable Conversion, Additional Potential Investment Receivable
Debt Instrument, Name [Domain]
Debt Instrument, Name [Domain]
Minimum
Minimum [Member]
Preferred return, numerator, basis spread over CPI
Preferred Return, Numerator, Basis Spread Over CPI
Preferred Return, Numerator, Basis Spread Over CPI
Consolidated Entities [Domain]
Consolidated Entities [Domain]
Preferred return prior to initial public offering, numerator, basis spread over CPI
Preferred Return Prior To Initial Public Offering, Numerator, Basis Spread Over CPI
Preferred Return Prior To Initial Public Offering, Numerator, Basis Spread Over CPI
Weighted average life expectancy estimate
Average life expectancy estimate (years)
Average life expectancy estimate .
Common stock exchange ratio
Common Stock Exchange Ratio
Common Stock Exchange Ratio
Balance (in shares)
Balance (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number
Net loss attributable to noncontrolling interests
Net loss attributable to noncontrolling interests
Net Income (Loss) Attributable to Noncontrolling Interest
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures [Abstract]
Life Insurance Policies
Life Insurance Policies [Member]
Life Insurance
Entity Interactive Data Current
Entity Interactive Data Current
REVENUE
Revenues [Abstract]
Fair Value Measurements
Fair Value Disclosures [Text Block]
CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash Provided by (Used in) Operating Activities [Abstract]
Stockholders' Equity
Stockholders' Equity Note Disclosure [Text Block]
Settlements
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements
Extension fee percentage
Debt Instrument, Extension Fee Percentage Of Outstanding Borrowings
Debt Instrument, Extension Fee Percentage Of Outstanding Borrowings
Life Settlement Contracts, Investment Method, Premiums to be Paid, Fiscal Year Maturity [Abstract]
Life Settlement Contracts, Investment Method, Premiums to be Paid, Fiscal Year Maturity [Abstract]
Unvested
Unvested [Member]
Unvested
Ben Common Units
Ben Common Units [Member]
Ben Common Units
Cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash.
Face value benefits, maximum
Small Face Amount Policies, Face Value Benefits, Maximum
Small Face Amount Policies, Face Value Benefits, Maximum
Preferred stock, liquidation preference
Preferred Stock, Liquidation Preference, Value
Entity Registrant Name
Entity Registrant Name
Subsequent Event Type [Domain]
Subsequent Event Type [Domain]
Pen Indemnity Insurance Company, LTD
Pen Indemnity Insurance Company, LTD [Member]
Pen Indemnity Insurance Company, LTD
Statement of Stockholders' Equity [Abstract]
Statement of Stockholders' Equity [Abstract]
Concentration Risk [Line Items]
Concentration Risk [Line Items]
2026
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, Year Five
Class S Ordinary
Class S Ordinary [Member]
Write-off of other equity investment
Write-off of Other Equity Investment
Write-off of Other Equity Investment
Unamortized financing costs
Debt Issuance Costs, Net
Schedule of Investments [Table]
Schedule of Investments [Table]
Life insurance policy benefits receivable, net
Policy Loans Receivable
Number of reportable segments
Number of Reportable Segments
Schedule of equity-based compensation expense vesting of award outstanding
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block]
Preferred stock redemption, percentage
Preferred stock redemption, percentage
Percentage of redemption price that will accrue for unpaid preferred stock redeemed.
Repayment of advance received
Repayment Of Advance Received
Repayment Of Advance Received
Schedule of Equity Method Investments [Table]
Schedule of Equity Method Investments [Table]
Effective interest rate
Debt Instrument, Interest Rate, Effective Percentage
Consolidation Items [Axis]
Consolidation Items [Axis]
Seller Trust L Bonds due 2023
Seller Trust L Bonds Due 2023 [Member]
Seller Trust L Bonds Due 2023
Non-cash interest expense
Paid-in-Kind Interest
Entity Incorporation, State or Country Code
Entity Incorporation, State or Country Code
Investments [Abstract]
Financial liabilities:
Fair Value, Concentration of Risk, Financial Liabilities, Balance Sheet Groupings [Abstract]
Less: Preferred stock dividends
Preferred Stock Dividends, Income Statement Impact
Debt instrument, convertible, threshold trading days
Debt Instrument, Convertible, Threshold Trading Days
2022
Life Settlement Contract, Fair Value, Maturity, Year One
Shares reserved for issuance, as a percentage of fully diluted common units outstanding
Shares Reserved For Issuance, Percent Of Fully Diluted Outstanding Shares
Shares Reserved For Issuance, Percent Of Fully Diluted Outstanding Shares
Capital contributions from related party
Adjustments to Additional Paid in Capital, Other
Series 2 Redeemable Preferred Stock
Series Two Redeemable Preferred Stock [Member]
Outstanding balance
Equity Interest After Assumption, Percentage
Equity Interest After Assumption, Percentage
2026
Life Settlement Contract, Fair Value, Maturity, Year Five
Preferred Series C Unit Accounts
Preferred Series C Unit Accounts [Member]
Preferred Series C Unit Accounts
Entity Address, Postal Zip Code
Entity Address, Postal Zip Code
Minus 8 Months
Minus Eight Months [Member]
minus eight months.
Premiums paid, including prepaid
Premiums paid, including prepaid
The amount of cash paid for Premiums during the period.
Weighted-average age of insured, years
Weighted-average age of insured, years
Fair value inputs, Weighted average age of insured.
Non-cash interest income
Paid In Kind Interest Income
Non-cash interest income.
Fair Value Measurement Inputs and Valuation Techniques [Table]
Fair Value Measurement Inputs and Valuation Techniques [Table]
Limit on indebtedness, capital percent of NAV threshold
Limit On Indebtedness, Capital Percent Of Net Asset Value Threshold
Limit On Indebtedness, Capital Percent Of Net Asset Value Threshold
Goodwill
Goodwill
Director Three
Director Three [Member]
Director Three
Obligated debt payments
Debt Payments, Obligation
Debt Payments, Obligation
Quantitative information about the significant unobservable inputs
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
Beneficient Company Holdings Preferred C Investment
Beneficient Company Holdings Preferred C Investment [Member]
Beneficient Company Holdings Preferred C Investment
Document Transition Report
Document Transition Report
Title of Individual [Axis]
Title of Individual [Axis]
Permitted maximum capital contributions in exchange
Debt Instrument, Permitted Capital Contributions For Exchange
Debt Instrument, Permitted Capital Contributions For Exchange
Investments in alternative assets
Payments to Acquire Long-term Investments
Portion allocated to lender (in dollars per share)
Loan Repayment, Portion Allocated to Lender
Loan Repayment, Portion Allocated to Lender
Debt offering, maximum principal amount
Debt Instrument, Maximum Capacity
Debt Instrument, Maximum Capacity
Principal amount
Debt Instrument, Face Amount
Level 2
Fair Value, Inputs, Level 2 [Member]
Document Quarterly Report
Document Quarterly Report
Vesting [Axis]
Vesting [Axis]
Forfeited (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period
Asset Class [Domain]
Asset Class [Domain]
Investment Holdings [Line Items]
Investment Holdings [Line Items]
Equity (Deficit):
Equity [Abstract]
BCC
BCC [Member]
NON-CASH INVESTING AND FINANCING ACTIVITIES
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Subsequent Event [Line Items]
Subsequent Event [Line Items]
Quarterly preferred return cap, revenue, threshold five, minimum
Quarterly Preferred Return Cap, Revenue Threshold Five, Minimum
Quarterly Preferred Return Cap, Revenue Threshold Five, Minimum
Seller Trusts and Beneficient
Seller Trusts and Beneficient [Member]
Credit Facility [Domain]
Credit Facility [Domain]
Florida
FLORIDA
Preferred return, annualized revenue threshold
Preferred Return, Annualized Revenues Threshold
Preferred Return, Annualized Revenues Threshold
Debt instrument, convertible, conversion price (in usd per share)
Debt Instrument, Convertible, Conversion Price
Diluted (in shares)
Diluted - weighted average common shares outstanding (in shares)
Weighted Average Number of Shares Outstanding, Diluted
Unamortized debt discounts
Debt Instrument, Unamortized Discount (Premium), Net
Basic (in usd per share)
Basic loss per common share (in usd per share)
Earnings Per Share, Basic
DLP VI
DLP VI [Member]
DLP VI
2023
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Two
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year Two
Entity File Number
Entity File Number
Debt Disclosure [Abstract]
Debt Disclosure [Abstract]
The Lincoln National Life Insurance Company
Life Insurance Company C [Member]
Second Lien Credit Agreement
Subordinate Credit Agreement [Member]
Subordinate Credit Agreement
Investment Holdings [Table]
Investment Holdings [Table]
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
Net Cash Provided by (Used in) Financing Activities
Premiums
Premiums Fees [Member]
Equity-based compensation
Share-based Payment Arrangement, Expense
Plus 4 Months
Plus Four Months [Member]
Plus four months.
Amortization and depreciation on long-lived assets
Other Depreciation and Amortization
Preferred stock dividends
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Counterparty Name [Axis]
Counterparty Name [Axis]
(par value $0.001; shares authorized 210,000,000; shares issued and outstanding, 33,094,664 as of both March 31, 2021 and December 31, 2020, respectively)
Common Stock, Value, Issued
Amortization period of deferred financing cost
Amortization period of deferred financing cost
Amortization period of deferred financing cost.
Document Fiscal Year Focus
Document Fiscal Year Focus
Benchmark rate maximum percent
Debt Instrument, Benchmark Rate Determination, Maximum Percent
Debt Instrument, Benchmark Rate Determination, Maximum Percent
Cash participation payment, percent of principal amount
Debt Instrument, Percentage of Principal Amount, Cash Participation Payment
Debt Instrument, Percentage of Principal Amount, Cash Participation Payment
Proceeds from issuance of L Bonds
Proceeds from Issuance of Secured Debt
Life Insurance Policy, Name [Domain]
Life Insurance Policy, Name [Domain]
Life Insurance Policy, Name [Domain]
Quarterly preferred return cap, revenue, threshold two, maximum
Quarterly Preferred Return Cap, Revenue Threshold Two, Maximum
Quarterly Preferred Return Cap, Revenue Threshold Two, Maximum
Alternative investment funds
Alternative Investments, Number Of Funds
Alternative Investments, Number Of Funds
Entity Current Reporting Status
Entity Current Reporting Status
Common stock, par value (in usd per share)
Sale of Stock, Price Per Share
Total gain in earnings
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings
Change of control, unit settlement term
Change Of Control, Unit Settlement Period
Change Of Control, Unit Settlement Period
Net asset value volatilities
Measurement Input, Price Volatility [Member]
Class S Preferred Units
Class S Preferred [Member]
Legal and professional fees
Professional Fees
Quarterly preferred return cap, percent, threshold three
Quarterly Preferred Return Cap, Percent, Threshold Three
Quarterly Preferred Return Cap, Percent, Threshold Three
Receivable [Domain]
Receivable [Domain]
Subsequent Event [Table]
Subsequent Event [Table]
Quarterly preferred return cap, revenue, threshold one
Quarterly Preferred Return Cap, Revenue Threshold One
Quarterly Preferred Return Cap, Revenue Threshold One
Redemption of redeemable preferred stock
Stock Redeemed or Called During Period, Value
2013 Stock Incentive Plan
2013 Stock Incentive Plan [Member]
Schedule of Long-term Debt Instruments [Table]
Schedule of Long-term Debt Instruments [Table]
Face value percentage of insurance policies with specific life insurance companies
Face value percentage of insurance policies with specific life insurance companies
Face value percentage of insurance contracts with specific life insurance companies.
Line of Credit Facility, Lender [Domain]
Line of Credit Facility, Lender [Domain]
2026
Life Settlement Contract, Fair Value Method, Face Value, Maturity, Year Five
Noncontrolling interests
Stockholders' Equity Attributable to Noncontrolling Interest
Equity Method Investment, Nonconsolidated Investee [Domain]
Equity Method Investment, Nonconsolidated Investee [Domain]
Other (loss) income
Other Income
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Provided by (Used in) Investing Activities [Abstract]
Common stock, issued (in shares)
Common Stock, Shares, Issued
Cash and cash equivalents
Cash and Cash Equivalents, at Carrying Value
Investment (in shares)
Investment Owned, Balance, Shares
Discount rate applied to portfolio
Discount rate
Life Settlement Contracts, Measurement Input
Contractual interest rate for funds borrowed, under the debt agreement.
Segment Reporting [Abstract]
Segment Reporting [Abstract]
Equity-based compensation expense
Nine months ending 2021
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Remainder Of Fiscal Year
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Remainder Of Fiscal Year
BMP Equity Incentive Plan
BMP Equity Incentive Plan [Member]
BMP Equity Incentive Plan
Percent subtracted from LTV Percentage for Higher Rate Factor
Debt Instrument, Higher Interest Rate Factor Determination, Percent Subtracted From LTV Percentage
Debt Instrument, Higher Interest Rate Factor Determination, Percent Subtracted From LTV Percentage
Debt Instrument [Line Items]
Debt Instrument [Line Items]
Proceeds from (repurchase of) redeemable preferred stock
Proceeds from (Repurchase of) Redeemable Preferred Stock
TOTAL GWG HOLDINGS STOCKHOLDERS’ (DEFICIT) EQUITY
Stockholders' Equity Attributable to Parent
Preferred Series C Subclass 0 Unit Accounts
Preferred Series C Subclass 0 Unit Accounts [Member]
Preferred Series C Subclass 0 Unit Accounts
Nature of Business
Nature of Operations [Text Block]
Payment for equity issuance costs
Payments of stock issuance costs
Payments of Stock Issuance Costs
Consideration transferred
Business Combination, Consideration Transferred
Valuation Technique, Discounted Cash Flow
Valuation Technique, Discounted Cash Flow [Member]
Increase (Decrease) In Equity Method Investments [Roll Forward]
Increase (Decrease) In Equity Method Investments [Roll Forward]
Increase (Decrease) In Equity Method Investments
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY
Liabilities and Equity
Investments in Alternative Assets
Investment [Text Block]
Repayment of principal
Repayments of Other Long-term Debt
Income Taxes
Income Tax Disclosure [Text Block]
Limit on indebtedness, debt percent of NAV threshold
Limit On Indebtedness, Debt Percent Of Net Asset Value Threshold
Limit On Indebtedness, Debt Percent Of Net Asset Value Threshold
2026
Life Settlement Contract, Investment Method, Premium to be Paid, Year Five
Entity Address, City or Town
Entity Address, City or Town
Schedules of Concentration of Risk, by Risk Factor
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
Portion at Fair Value Measurement
Portion at Fair Value Measurement [Member]
2022
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year One
Share-Based Payment Arrangement, Nonvested Award, Cost Not Yet Recognized, Amount, Year One
Fair Value Hierarchy and NAV [Axis]
Fair Value Hierarchy and NAV [Axis]
Loss on change in fair value of put options
Unrealized Gain (Loss) On Investment In Put Options
Unrealized Gain (Loss) On Investment In Put Options
Restricted stock units
RSU
Restricted Stock Units (RSUs) [Member]
Total GWG Holdings Stockholders’ Equity
Parent [Member]
Total number of policies
Totals
Life Settlement Contracts, Fair Value Method, Number of Contracts
Notes and interest receivable
Notes And Interest Receivable, Related Parties
Notes And Interest Receivable, Related Parties
Financial Instrument [Axis]
Financial Instrument [Axis]
Loans contributed
Financing Receivable, Contributed In Restructuring Transaction
Financing Receivable, Contributed In Restructuring Transaction
Anti-dilutive shares excluded from calculation of diluted earnings per share (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Commercial loan, interest rate, due at maturity
Investment Interest Rate, Due At Maturity
Investment Interest Rate, Due At Maturity
Amendment fee
Debt Instrument, Amendment Fee
Debt Instrument, Amendment Fee
Equity Component [Domain]
Equity Component [Domain]
2022
Life Settlement Contract, Fair Value Method, Face Value, Maturity, Year One
Equity Method Investment, Nonconsolidated Investee [Axis]
Equity Method Investment, Nonconsolidated Investee [Axis]
LIABILITIES
Liabilities [Abstract]
Life insurance policy benefits receivable, net
FairValueDisclosureAssetAndLiabilityNotMeasuredAtFairValuePolicyReceivables
Life insurance policy benefits receivable, net.
Percent of distributions entitled to residual beneficiary, amount of excess cash collateral
Percentage Of Distributions Entitled To Residual Beneficiary, Amount Of Excess Cash Collateral
Percentage Of Distributions Entitled To Residual Beneficiary, Amount Of Excess Cash Collateral
Entity Tax Identification Number
Entity Tax Identification Number
Equity-Based Compensation
Share-based Payment Arrangement [Text Block]
Net loss
Net Income (Loss) Attributable to Parent
Commercial loan, number of extensions
Loans Receivable, Number Of Term Extensions
Loans Receivable, Number Of Term Extensions
Schedule of Variable Interest Entities [Table]
Schedule of Variable Interest Entities [Table]
Change in operating assets and liabilities
Increase (Decrease) in Operating Assets [Abstract]
LIBOR
London Interbank Offered Rate (LIBOR) [Member]
Investment, Name [Domain]
Investment, Name [Domain]
Summary of Significant Accounting Policies
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]
Premiums and other annual fees
Life Insurance Settlements Premiums and Other Annual Fees
Life insurance settlements, Premiums and other annual fees.
Long-term Debt, Type [Axis]
Long-term Debt, Type [Axis]
Current Fiscal Year End Date
Current Fiscal Year End Date
EXPENSES
Operating Expenses [Abstract]
Earnings Per Share [Abstract]
Earnings Per Share [Abstract]
Time after assumption of loans
Time After Assumption of Loans
Time After Assumption of Loans
Private Equity
Private Equity Funds [Member]
L Bonds: Conversion of accrued interest and commissions payable to principal
Conversion Of Accrued Interest And Commissions Payable To Debt Principal
Accrued interest payable on debentures added to principal.
Preferred return after initial public offering, numerator, basis spread over CPI
Preferred Return After Initial Public Offering, Numerator, Basis Spread Over CPI
Preferred Return After Initial Public Offering, Numerator, Basis Spread Over CPI
Noncash issuance of noncontrolling interest
Noncontrolling Interest, Increase from Subsidiary Equity Issuance
STOCKHOLDERS’ EQUITY
Stockholders' Equity Attributable to Parent [Abstract]
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Document Fiscal Period Focus
Document Fiscal Period Focus
Ben LP
Ben LP [Member]
Ben LP
L Bonds issued
L Bonds Issued
Subsequent event bonds issued.
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Supplemental Cash Flow Information [Abstract]
First Lien Credit Agreement
Senior Credit Agreement [Member]
Senior Credit Agreement
Business Acquisition, Acquiree [Domain]
Business Acquisition, Acquiree [Domain]
Fair Value Of Investment In Life Insurance Policies [Line Items]
Fair Value Of Investment In Life Insurance Policies [Line Items]
Entity Filer Category
Entity Filer Category
Common Stock
Common Stock
Common Stock [Member]
Product and Service [Domain]
Product and Service [Domain]
Debt offering, additional principal amount
Debt Instrument, Additional Capacity
Debt Instrument, Additional Capacity
Net loss
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest
Servicing
Servicing Fees [Member]
Thereafter
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, after Year Five
Debt due to related parties
FairValueDisclosureAssetAndLiabilityNotMeasuredAtFairValueOtherBorrowings
Other borrowings.
Higher interest rate factor
Debt Instrument, Interest Rate Multiplier, Higher Rate Factor
Debt Instrument, Interest Rate Multiplier, Higher Rate Factor
Loan amount
Notes Receivable, Related Parties
Debt due to related parties
Debt due to related parties
Due to Related Parties
Preferred stock, dividend rate, percentage
Preferred Stock, Dividend Rate, Percentage
Other Commitments [Axis]
Other Commitments [Axis]
Other Commitments [Domain]
Other Commitments [Domain]
Issuance of common stock (in shares)
Issuance of stock (in shares)
Stock Issued During Period, Shares, New Issues
Quarterly preferred return cap, revenue, threshold three, maximum
Quarterly Preferred Return Cap, Revenue Threshold Three, Maximum
Quarterly Preferred Return Cap, Revenue Threshold Three, Maximum
Schedule of Equity Method Investments [Line Items]
Schedule of Equity Method Investments [Line Items]
Return of investments in alternative assets
Proceeds from Sale of Long-term Investments
Seller Trust L Bonds
Senior Notes
Changes in alternative investment
Gain (Loss) On Alternative Investment
Gain (Loss) On Alternative Investment
Stock options
Share-based Payment Arrangement [Member]
Forfeited (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures
Minus 1%
Minus One Percent [Member]
Minus one percent.
Nine months ending December 31, 2021
Life Settlement Contract, Fair Value Method, Face Value, Maturity, Remainder of Fiscal Year
Life Settlement Contracts, Fair Value Method [Abstract]
Life Settlement Contracts, Fair Value Method [Abstract]
Financial assets:
Fair Value, Concentration of Risk, Financial Assets, Balance Sheet Groupings [Abstract]
Plus 2%
Plus Two Percent [Member]
Plus two percent.
AltiVerse
AltiVerse [Member]
Portfolio pledged, percentage
Portfolio pledged, percentage
Represent portfolio value pledging Percentage.
Subscriptions in process
Subscriptions in Process
Subscriptions in Process
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
Gain on life insurance policies, net
Life Settlement Contracts, Fair Value Method, Gain (Loss)
Amendment Number Three
Amendment Number Three [Member]
Amendment Number Three
Average face amount per policy
Average face amount per policy
Fair value inputs, Average face amount per contract.
Preferred stock dividends
Dividends, Preferred Stock
Private Real Estate
Real Estate Funds [Member]
Stock Options
Share-based Payment Arrangement, Option [Member]
Capital Call And Administrative Reserves
Capital Call And Administrative Reserves [Member]
Capital Call And Administrative Reserves
Minimum required retained ownership of unit equivalents, percentage
Share-based Compensation Arrangement By Share-based Payment Award, Minimum Required Ownership Percentage
Share-based Compensation Arrangement By Share-based Payment Award, Minimum Required Ownership Percentage
Basic (in shares)
Basic - weighted average common shares outstanding (in shares)
Weighted Average Number of Shares Outstanding, Basic
Basis spread on variable rate
Debt Instrument, Basis Spread on Variable Rate
Investment in preferred units of subsidiaries
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures
Quarterly preferred return cap, percent, threshold four
Quarterly Preferred Return Cap, Percent, Threshold Four
Quarterly Preferred Return Cap, Percent, Threshold Four
Subsequent Events [Abstract]
Subsequent Events [Abstract]
Ownership [Axis]
Ownership [Axis]
Redeemable noncontrolling interests
Increase (Decrease) in Temporary Equity [Roll Forward]
Treasury stock (in shares)
Treasury Stock, Common, Shares
Ownership [Domain]
Ownership [Domain]
Carrying Amount
Reported Value Measurement [Member]
Plan Name [Domain]
Plan Name [Domain]
Benefits recognized from insurance policies
Benefits recognized from insurance policies
Benefit recognized from insurance policy.
Aggregate gross consideration
Proceeds from Issuance of Redeemable Preferred Stock
Ownership interest
Equity Method Investment, Ownership Percentage
Interest paid
Interest Paid, Excluding Capitalized Interest, Operating Activities
Beneficient
Beneficient Segment [Member]
Beneficient Segment
TOTAL STOCKHOLDERS’ EQUITY
Beginning balance
Ending balance
Total Equity of VIE
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Net proceeds
Proceeds from Issuance Initial Public Offering
Nine months ending December 31, 2021
Life Settlement Contract, Investment Method, Premium to be Paid, Remainder of Fiscal Year
Investment
Investment [Table Text Block]
Additional paid-in capital
Additional Paid in Capital
TOTAL REVENUE
Revenue
Revenues
Class of Stock [Axis]
Class of Stock [Axis]
INCOME TAX BENEFIT
Income tax expense (benefit)
Income Tax Expense (Benefit)
2023
Life Settlement Contract, Fair Value Method, Face Value, Maturity, Year Two
2023
Life Settlement Contract, Fair Value, Maturity, Year Two
BEGINNING OF PERIOD
END OF PERIOD
Cash, cash equivalents and restricted cash
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Title of Individual [Domain]
Title of Individual [Domain]
Change In Life Expectancy [Axis]
Change In Life Expectancy [Axis]
Change in life expectancy.
Diluted (in usd per share)
Diluted loss per common share (in usd per share)
Earnings Per Share, Diluted
Variable Interest Entity [Line Items]
Variable Interest Entity [Line Items]
Local Phone Number
Local Phone Number
Summary of policies organized by estimated life expectancy rates
Schedule of Life Settlement Contracts, Fair Value Method [Table Text Block]
Quarterly preferred return cap, revenue, threshold five, maximum
Quarterly Preferred Return Cap, Revenue Threshold Five, Maximum
Quarterly Preferred Return Cap, Revenue Threshold Five, Maximum
Schedule of Stock by Class [Table]
Schedule of Stock by Class [Table]
Other borrowings
Schedule of Debt [Table Text Block]
Maximum Exposure to Loss
Maximum exposure to loss [Member]
Restrictions on Cash
Cash and Cash Equivalents Disclosure [Text Block]
Quarterly preferred return cap, revenue, threshold two, minimum
Quarterly Preferred Return Cap, Revenue Threshold Two, Minimum
Quarterly Preferred Return Cap, Revenue Threshold Two, Minimum
Investment income, net
Investment income
Investment Income, Net
Consolidation, Eliminations
Consolidation, Eliminations [Member]
Long-term debt, gross
Long-term Debt, Gross
Percentage of outstanding units
Percentage of BHI's Preferred Series A, Sub Class 1
Percentage of BHI's Preferred Series A, Sub Class 1
Entity Address, Address Line One
Entity Address, Address Line One
Other liabilities
Other Liabilities, Fair Value Disclosure
Commercial loan, interest rate, due and payable monthly
Investment Interest Rate, Due Monthly
Investment Interest Rate, Due Monthly
Change in Life Expectancy Estimates
Change in Life Expectancy Estimates [Member]
Investments, All Other Investments [Abstract]
Investments, All Other Investments [Abstract]
Other assets
Increase (Decrease) in Other Operating Assets
Entity Emerging Growth Company
Entity Emerging Growth Company
Life Insurance Policy, Name [Axis]
Life Insurance Policy, Name [Axis]
Life Insurance Policy, Name
Deferred income tax
Deferred Income Tax Expense (Benefit)
Senior credit facility
Line of Credit Facility, Maximum Borrowing Capacity
Award Type [Axis]
Award Type [Axis]
Repayment of principal, interest, and extension fee
Repayment Of Other Long-Term Debt, Interest, And Extension Fee
Repayment Of Other Long-Term Debt, Interest, And Extension Fee
Net loss
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest
Payments for redemption of L Bonds
Repayments of Secured Debt
Maximum
Maximum [Member]
Nine months ending December 31, 2021
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, Remainder of Fiscal Year
Preferred stock, authorized (in shares)
Preferred Stock, Shares Authorized
Noncontrolling Interests
Noncontrolling Interest [Member]
Number of Policies
Life Settlement Contracts, Fair Value Method, Number of Contracts, Fiscal Year Maturity [Abstract]
Restricted cash
Restricted Cash
Percent of underlying investments in private companies
Alternative Investments, Percent Of Underlying Investments In Private Companies
Alternative Investments, Percent Of Underlying Investments In Private Companies
Accounts payable and accrued expenses
Accounts Payable and Accrued Liabilities
Unfunded Commitments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments
Accumulated Deficit
Retained Earnings [Member]
Preferred stock, outstanding (in shares)
Preferred Stock, Shares Outstanding
Measurement Basis [Axis]
Measurement Basis [Axis]
Summary of change in fair value of the investment in life insurance policies
Summary of change in fair value of the investment in life insurance policies
Effective income tax rate
Effective Income Tax Rate Reconciliation, Percent
NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES
Net Cash Provided by (Used in) Investing Activities
Concentration
Concentration Risk Disclosure [Text Block]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Plus 8 Months
Plus Eight Months [Member]
Plus eight months.
Total
Life Settlement Contracts, Investment Method, Premiums to be Paid
LiquidTrust borrowers
LiquidTrust Borrowers [Member]
Change in Fair Value Of Investment [Domain]
Change in Fair Value Of Investment [Domain]
Award Type [Domain]
Award Type [Domain]
Investments [Domain]
Investments [Domain]
Percentage of insurance policies held in specific states
Percentage of insurance policies held in specific states
Percentage of insurance contracts held in specific states.
Redeemable Preferred Stock
Redeemable Preferred Stock [Member]
Trading Symbol
Trading Symbol
Liquidity Bonds, net of financing costs (see Note 9)
Notes Issued
Equity-Based Compensation (Textual)
Equity-Based Compensation (Textual)
Stock Incentive Plan Textual.
Net asset value growth rates
Measurement Input, Growth Rate [Member]
Measurement Input, Growth Rate
Commitment
Other Commitment
Fair Value, by Balance Sheet Grouping [Table]
Fair Value, by Balance Sheet Grouping [Table]
Loss per Common Share
Earnings Per Share [Text Block]
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Debt eliminated
Elimination Of Debt, Amount
Elimination Of Debt, Amount
Redeemable noncontrolling interests
Beginning balance
Ending balance
Redeemable Noncontrolling Interest, Equity, Carrying Amount
2023
Life Settlement Contract, Fair Value Method, Number of Contracts, Maturity, Year Two
Entity Shell Company
Entity Shell Company
Number of policies realized
Life Settlement Contract, Number Of Contracts Realized
Life Settlement Contract, Number Of Contracts Realized
Segment Reporting Information [Line Items]
Segment Reporting Information [Line Items]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Newly Adopted and Not Yet Adopted Accounting Pronouncements
New Accounting Pronouncements, Policy [Policy Text Block]
Noncash issuance of noncontrolling interest (Note 10)
Transfer to Investments
Alternative asset market discount rate
Measurement Input, Discount Rate [Member]
Statement of Financial Position [Abstract]
Statement of Financial Position [Abstract]