Abacus Life Settlements Announces Over $250 Million in Available Funds to Purchase Policies
New York, NY – January 20th, 2015 – Abacus Life Settlements, a leading life settlement provider in the secondary market for life insurance, announces over $250 million to purchase policies for 2015.
“This announcement indicating our purchasing capabilities is the result of a multitude of factors affecting Abacus Settlements and our industry as a whole,” explained Samantha Butcher, Abacus’s Chief Operating Officer. “On the capital side of the equation, more money has entered the market from institutional investors due to the current valuations in the equity market and the non-correlated attractiveness of the asset class. In addition, the returns experienced by our capital partners are superior to what they can achieve in most fixed income investments. These changes have attracted a number of fixed income investment funds and pension funds to our market. Our capital partners have come to appreciate our origination efforts, current inventory on hand, and our high standards of due diligence.”
Butcher went on to explain that on the supply side, an increasing number of seniors are learning that life settlements can fund long-term care, supplement retirement, help pay debts, or allow them to retain a portion of their coverage while eliminating the burden of premiums. According to Butcher, Abacus expects its Policy Acquisition numbers to rise significantly next year due to the simple fact that more seniors are reaching age 78, the optimum age for a life settlement. Abacus’s purchasing capabilities will also strengthen in the coming year allowing more flexibility in offer amounts made to sellers. Additional options for sellers, including the ability to retain some death benefits after the policy sale, will also continue to spur growth.
“We will continue our efforts to educate financial advisors and policy holders of the benefits that might be derived through our product offering,” said Butcher. “Whether it is a traditional life settlement, a paid up death benefit, or in-force financing, we guarantee rapid turnaround, superior offers, competitive pricing, and stand ready to purchase policies with face values ranging from $100,000 to $50 million.
About Abacus Settlements
Abacus was formed in 2004 and currently has offices in New York and Tennessee. Abacus Settlements, LLC is a licensed life settlement provider and 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. Abacus is not licensed in all states.
Visit www.abacuslifesettlements.com for more information.
Contact: Sam Butcher, Director of Operations [email protected] (615) 732-6241