Eagil Life Settlements L.L.C. has received approval from Buckeye State regulators to buy life insurance policies in Ohio.

Eagil, a unit of Eagil Financial Group L.L.C., Woodcliff Lake, N.J., plans to open Ohio offices over the next few months in Cincinnati; Cleveland; Shaker Heights, Ohio; Columbus, Ohio; and Dayton, Ohio.

Eagil now can handle life settlement transactions in 40 states, the company says.