Abacus Settlements Approved in Louisiana
Abacus Life is pleased to announce today that it was granted a life settlement provider license by the Louisiana Offices of the Insurance Commissioner. Abacus is now licensed to purchase life insurance policies in 43 states.
Abacus Life looks forward to expanding its secondary market services to the close to 5 million residents in the state of Lousiana,” said Scott Kirby, Managing Partner. “We encourage Louisiana policy sellers to visit our Life Settlement Learning Center and to use our online pre-qualification and pricing tools.
As a state with 15.4% of seniors ages 65 and above, Louisiana’s licensure process for viatical and life settlement providers is considered one of the most rigorous in the nation. Abacus is honored to be among the few providers who are approved by Louisiana’s Insurance Board to work with policy owners residing in the state.
Abacus officials expressed optimism that the industry’s robust growth trajectory will remain strong as more seniors choose to optimize their insurance assets, and as institutional investors capture yield while insulating investment portfolios from stock market volatility.
“Compared to the national average, Louisiana has very affordable monthly costs of living for seniors. For example, home health care costs are only around $2,860 a month. Seniors are able to live in their own homes while receiving help from service aides to keep the house clean and complete everyday errands.”
-Senior Living 2021
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