Life Settlement Blog

  • With the new year, it is important to refresh what you should know about the life settlement industry. A life settlement is the sale of a life insurance policy to a third party for cash. Typically performed by individuals age 65 and older, a life settlement will always exceed the cash surrender value of your policy, but it will always be lower than the death benefit of your policy. State regulations are set in place
  • Congratulations! After years of working hard and careful spending, you get to open your wallet after receiving a bounty of cash from selling your life settlement policy. These are the top 7 ways you can spend your life settlement money. Still not sure whether selling your life insurance policy or even part of it, is right for you? Head over to our Life Settlement FAQ page to learn more. Christmas:The holiday season is upon us!
  • Covid-19 in assisted living
    The number of COVID-19 deaths in the U.S has been rising at an unprecedented rate. As of August 20, 2020, over 70,000 COVID-19 related resident and staff deaths have been reported in Nursing homes and Long-term Facilities. (CDC) Since most assisted living centers are not federally regulated, this leaves the States to decide whether or not to disclose any further information regarding COVID.Similarly, data from UsAgainstAlzheimer’s Survey on COVID-19 shows that nearly 40% of COVID-19
  • Life insurance turnkey
    “The innovation and growth we continue to bring to the space is credited first and foremost to all of our partners” – Jay Jackson, CEO on Abacus’ annual growth trends For the past 5 years, Abacus has been consistently ranked as the top buyer in almost every reported category. According to a new report from a settlement industry news outlet, The Deal, Abacus Life Settlements is one of the fastest growing major life settlement buyers
  • beach couple sunset
    Publish Date June 2020 Jay Jackson, CEO of Abacus Life, and Dennis Martin, President of Individual Life and Financial Services, OneAmerica, answer questions about financial security during an unstable economic climate and what people can do to protect themselves. This content was featured in A Guide to Financial Planning and Senior Care. Click the image above to enter full-screen mode or read the transcript below. Question: How can people in this financial climate make the most
  • mature couple trains dog on pier
    Life Settlements are Quickly Becoming a Mainstream Financial Option Americans are living longer than ever before. This is great news for those who can afford it, but bad news if you’re a baby boomer facing mounting debt and dwindling savings. The Stanford Center for Longevity reports that baby boomers hold less wealth, carry more debt and will face greater expenses than retirees a decade older than them. And considering that there are more than 71.5 million baby boomers living in the
  • Shane McGonnell – Vice President at Abacus Life Settlements, LLC Written for Insurance News Net How is COVID Affecting the Life Settlement Market? There are differing schools of thought on how the coronavirus is affecting — and could affect — the life settlement market. Over the past five years, the life settlement market as an industry has multiplied vastly both in funds to purchase policies and consumer awareness. In fact, a 2019 report from The
  • stethoscope
    What is HR 5958? Earlier this year, a piece of legislation was introduced that allows the use of tax-free health planning accounts funded by the proceeds from the sale of their unneeded life insurance policies. Known as the Senior Health Planning Account Act (H.R. 5958), the bill has the potential to help millions of American seniors fund their health care needs, especially that of long-term care, which can be prohibitively expensive. Essentially, if the legislation