Abacus is proud to announce the next product in a long line of innovative product offerings built around making the secondary market more accessible for agents; the Abacus Policy Insights (API) tool. At a pricing rate of approximately 8390 policies per minute, an entire book of business can be valued in a matter of minutes. In fact, API doesn’t have an capacity limit when it comes to providing lightning-fast pricing.
“Life Settlement Calculators” are typically based on a flat percentage-based average across a broad data set which often produces wildly inaccurate results. Abacus utilizes a constantly growing database of tens of thousands of unique policies, paired with active learning, to create the most intelligent calculator in the secondary market. When you are provided pricing for a 78-year-old female client with a $7,000,000 GUL, it is based on actual historical life settlement pricing – not a percentage guess.
