Can I Sell My Life Insurance?
Abacus Life Settlements purchases a broad range of policies from clients spread across various age groups with a wide range of impairments.
Here at Abacus, we know that today’s seniors are more in touch and technologically savvy than ever before. Many seniors are active participants in society; they own thriving businesses, go to the gym, and participate in dynamic and engaging social activities. Most of all, they play integral roles in their financial planning. No longer do seniors blindly give financial advisors full authority over their retirement savings.
In response to this recent boom, we at Abacus have expanded our direct seller support system. We now assist more policy sellers than ever before in our 25-year history. We understand that seniors want a clear view of all the variables involved in a settlement and are dedicated to being upfront with you about all factors.
One of the factors that we will discuss openly with you is whether or not you qualify for a life settlement based on your personal circumstances. This is the main question policyholders have when first deciding to pursue a settlement and it’s contingent mostly on your current health status.
Typically, policies are purchased when the insured is around 70 years of age and the policy has a face value of at least $100,000. However, the older the policyholder is and the higher the face value of the policy, the more lucrative your payout will be. Policies where the insured has a shorter life expectancy are usually desirable as well. For more information on qualifying your policy, click here.
Overall, it can be tough to say if your particular policy is sellable in the secondary market without evaluating the specifics of your case. Abacus Life Settlements purchases a broad range of policies from clients spread across various age groups with a wide range of impairments. There are very few hard and fast rules in this industry. To qualify your life insurance policy, please enter your information into our free, no obligation One-Step Qualifier. Or if you would rather speak with one of our representatives, call us at 1-(800) 561-4148.