Abacus Life Settlements Offers Retained Death Benefit Transactions | Abacus Life Settlements
Life Settlement Blog

Abacus Life Settlements Offers Retained Death Benefit Transactions

By October 28, 2014June 17th, 2019No Comments

The retained death benefit life settlement is considered one of the most innovative developments to occur in an industry currently poised for expansion

New York, NY – Oct. 28, 2014 – Abacus Life Settlements, a leading life settlement provider in the secondary market for life insurance, today announced that it is offering retained death benefit life settlement transactions. The company’s decision came in response to the growing demand in the life settlement marketplace where seniors are seeking to sell their life insurance policies while keeping a portion of the death benefit for beneficiaries.

“With the retained death benefit option, we now have a new arrow in the quiver for policy sellers who no longer want to be saddled with expensive premium payments, but who also want their beneficiaries to receive a portion of the death benefit when they die,” said Samantha Butcher, Abacus’s Chief Operating Officer.

Butcher explained that the retained death benefit transaction is a true win-win for the senior policy seller because a life settlement provider assumes the premium payments for unwanted policies, but the policyholder retains a percentage of the face value payout for beneficiaries. In limited instances, the senior may also qualify to receive a cash settlement.

The growing popularity for the retained death benefit option comes at a time when the life settlement industry is undergoing a resurgence due to a number of factors. In addition to the nation’s demographics where large number of seniors are edging closer to age 78 (considered the ideal age for a life settlement), economic factors are at play that will drive the market forward.  On the funding side, additional money is entering the market from institutional investors.  On the supply side, an increasing number of financially-strapped seniors view life settlements as a source for immediate cash to help pay for medical expenses, long-term care, or retirement. Still other seniors are questioning the wisdom of maintaining their universal life policies where the investment returns have plummeted due to the low interest rate environment.

As one of the nation’s most experienced life settlement providers, Abacus Settlements continues to adapt its business model to meet the changing needs of the marketplace. 

About Abacus Settlements, LLC

Founded in 2004, Abacus Settlements, LLC is a licensed life settlement provider with locations in New York and Tennessee. An active member of the Life Insurance Settlement Association (LISA), Abacus works with professional advisors and consumers in optimizing the value of their life insurance policies. Abacus is committed to providing consumers with the knowledge they need to make informed decisions regarding life insurance policies that are no longer needed or affordable.  A life settlement may not be appropriate for all circumstances.  Policy sellers should consider all options before entering into a Life Settlement. Abacus Settlements is not licensed in all states. Visit https://abacuslifesettlements.com for more information.

# # #

Media contact:

Kimberly Judkins
[email protected]
615-732-6233

Link To Article

Abacus

Author Abacus

More posts by Abacus