The Abacus Life Settlement Blog discusses important topics that surround the life settlement and viatical settlement products and services. This life settlement blog is intended to educate seniors and their financial professionals who want to learn about life and viatical settlements.
Apollo Global Management ($77 billion AUM) recently sold its first life settlement portfolio valued at $1.5 billion in face value. Planning for the Future Proceeds from the sale of the 530 policy portfolio will be used to make payments giving capital to investors. All money is expected to be distributed by the end of the…
A malpractice case against Julius Rousseau has come to a close.The $6 Million legal case was discontinued after a stipulation citing prejudice against the well-known settlement attorney was presented on June 14, 2019. HistoryRousseau, an attorney for the Arent Fox LLP law firm, was first presented with a malpractice claim in a premium-finance case in March.…
The Retirement Gap is Growing – Here is an Option to Help Fill It The good news? Today’s seniors are living longer, healthier lives thanks to advances in medical science and senior health. The collateral negative impact: retirement savings haven’t adjusted, meaning more seniors won’t be financially prepared to enjoy their longer lifespan. On Thursday,…
“Thank you to all of our partners who helped us become the fastest growing buyer and led the industry in dollars paid to clients” – Jay Jackson, CEO Report: Abacus Posts Largest Annual Growth of Major Life Settlement Buyers ORLANDO, Fla., May 31, 2019 (Newswire.com) – In Consecutive Years, Abacus Purchased the Second Highest Number of…
Texas House Of Representatives Unanimously Passes Life Premium Change Disclosure Bill With a final vote of 147 to 0, the Texas House of Representatives officially passed a bill that will set disclosure requirements for permanent life insurance issuers. New conditions demand transparency on cost-of-insurance increases requiring insurers to provide policy owners with 90 days’ notice if rates are…