Discover your life insurance options
What is a settlement?
A life settlement is defined as the sale of an existing life insurance policy for more than its cash surrender value, but less than its net death benefit. Once the sale is complete, ownership of the policy is transferred to a third party intermediary (Abacus) who is responsible for all future premium payments and will collect the death benefit when the policy matures.
Why choose a life settlement?
You’re paying expensive premiums for a policy that is no longer needed or affordable.
There’s a need for immediate cash to help pay for medical expenses.
Lifestyle needs have simply changed and you are looking to sell your policy.
Getting a settlement is as simple as 5 steps
At age 83 Eddie decided his life insurance policy was no longer needed for his estate plan and considered surrendering it entirely. He began exploring the possibility of a life settlement after hearing about Abacus from a friend. Because of his advanced age and medical history, Abacus was able to offer him almost double the cash surrender value of his $2,485,065 policy with a final settlement value of $1,200,000. This money went directly into Eddie’s accounts and he is now able to use these funds to finance all of his retirement needs.
Abacus Settlements is approved to do business in the 42 blue states.
*On Average, An Offer Is Generated 14-21 Days After Receiving An Insured’s Application. After An Offer Is Accepted Funds Are Typically Available In A Clients Bank Account Within 21 Days. These Numbers Are Based On The Most Recent Six Months Of Cases Closed By Abacus.
**The Average Percent Of Face Value Paid By Abacus For A Policy Is 23.3%. This Number Can Fluctuate Greatly Based On An Individual’s Specific Impairments And Age.