Abacus Life Settlements is HIPAA certified and a BBB Accredited Business with an A+ Rating. We take a unique, client-first approach to the life settlement industry to ensure that you can make an informed decision for your family’s financial future. We put you first.
Real Financial Options, Real Life Settlement Clients
Over the last 15 years, Abacus Life has helped return over $2 billion in life insurance equity back to our clients. The stories below are from real Abacus Life clients, with their names altered to ensure privacy. Each case is unique, and so are your experiences.
Brenda, Age 78, $500,000 Universal Life Policy
Brenda originally took out her policy to help support her children’s expenses, should the worst ever happen. Her kids have grown into self-sufficient adults since she first took out her policy, therefore, they no longer need her support in case of financial hardship. The policy has started to feel more like dead weight, and her premium payments are slowly chipping away at her retirement fund. She has plans for travel, treating her grandchildren, and even potentially buying a vacation home. Since the policy is eating away at her fund, she is becoming worried that her dreams might not become a reality.
Because she is 78, Brenda qualifies for a traditional life settlement. She can trade her policy (and her premiums) for immediate cash or income for life.
In Brenda’s case example, Abacus Life Services would refer her directly to a provider who would likely provide a life settlement quote in no more than 24 hours after initially contacting us. Brenda’s dreams for her retirement fund can become a reality, thanks to Abacus Life.
Steven, age 67, $1,000,000 Term Policy
When Steven was diagnosed with ALS, he immediately knew that he would not be able to keep paying premiums while paying for his treatment. However, it was important to Steven that his wife was left with enough money to support her retirement. This was an especially important matter to him, so he needed to weigh out all his options to ensure that he was making the right decision.
While Steven does qualify for a traditional or hybrid settlement, his primary concern is maintaining his policy. After discussing it over with his Abacus representative, a retained death benefit settlement is a perfect fit for both his financial and health circumstances.
By utilizing a retained death benefit settlement, Steven would be able to hold onto a substantial portion of his death benefit, without paying any further premiums. This would then allow him to focus on his medical bills and healing process, without worrying about his wife’s financial future. Thanks to Abacus, she would have enough money to live comfortably in her retirement.
Jennifer, Age 34, $250,000 Universal Life Policy
When Jennifer was first diagnosed with cancer, she knew that she would have to make some exceedingly difficult financial decisions. She resolved early on that she did not want her family burdened with medical bills and would do whatever necessary to ensure this. She learned about the concept of life settlements after confiding in a neighbor that had previously secured one with Abacus Life, though had many questions. She reached out via the Abacus website and contacted one of their representatives who broke it all down for her, helping her every step of the way.
Jennifer’s health concerns qualify her for a range of life settlement options, but the one best suited for her needs is a hybrid life settlement. She can trade in her policy for a combination of cash now, and a retained death benefit.
By taking advantage of a hybrid life settlement, Jennifer can focus on healing. She does not have to stress paying her medical expenses and is happy knowing that her family will be taken care of financially, should the worst happen.
Pete, Age 75, $250,000 Universal Life Policy
Pete and his wife Jeannine were reviewing their finances after several years of retirement, and they noticed a worrying trend. They were spending money far too quickly to maintain their retirement. They lost track of their budget and were worried about the years to come.
He Googled life insurance settlement firms and found that Abacus was ranked at the top of the charts in helping people just like him get back on track. After speaking with an Abacus representative, he learned that his age and current circumstances make him a great applicant for an income for life settlement. He can trade in his premiums, one of his largest expenses, for a permanent income source.
The income for life settlement is perfect for Pete and Jeannine. They can focus on enjoying their golden years instead of stressing over their retirement fund. Within only a month of contacting Abacus, they have a new lease on life.
*On average, an offer is generated 14-21 days after receiving an insured’s application. After an offer is accepted, funds are typically available in a client’s bank account within 21 days. These numbers are based on the most recent six months of cases closed by Abacus.
**The average percent of face value paid by Abacus for a policy is 23.3%. This number can fluctuate greatly based on an individual’s specific impairments and age.