Life & Viatical Settlement News

  • Abacus Life Settlements Further Simplifies the Life Settlement Process with the official announcement of “Abacus Express” ORLANDO, Fla., Feb. 7, 2017 /PRNewswire/ — Abacus Life Settlements continues to drive innovation in the Life Settlement industry with Abacus Express. Recent innovations in the way that policies are purchased have greatly reduced the time it takes for Policy Holders to secure a Life Settlement quote. Traditionally, a client’s life expectancy (LE) could not be determined without utilizing a
  • Abacus Express According to the National Association of Insurance Commissioners (NAIC). $112 billion dollars’ worth of life insurance policies are forfeited annually in the U.S. That number is even more sobering when you consider that 90% of seniors would have considered a life settlement if they knew the service existed1. There is a clear demand in the market, the question is whether or not you’re capitalizing on it. Traditionally, selling a life insurance policy can
  • NEWS PROVIDED BYAbacus Life Settlements, LLCAs seen in PR Newswire, Nov. 03, 2016, 4:16 PM ET Abacus Life Settlements Hires a New Vice President of Capital Markets ORLANDO, Fla., Nov. 3, 2016 /PRNewswire/ — Abacus Life Settlements, a leading life settlement provider in the secondary market for life insurance, announces that Jay Jackson will be joining the firm as Vice President of Capital Markets. “Jay brings a wealth of knowledge and experience working with the capital markets
  • NEWS PROVIDED BY Abacus Settlements, LLC As seen in PR Newswire, Sep 21, 2016, 09:45 ET Abacus Settlements Ranked No. 2 in the Life Settlement Industry ORLANDO, Fla., Sept. 21, 2016 /PRNewswire/ — Abacus Settlements, a top-tier player in the secondary market for life insurance, has emerged as one of the industry’s most active buyers of life settlements. Citing industry data released earlier this year that compared the purchasing activities of 33 life settlement providers, Abacus
  • NEWS PROVIDED BY Abacus Life Settlements Aug 23, 2016, 11:29 ET Abacus Life Settlements Approved as Licensed Provider in Florida NEW YORK, Aug. 23, 2016 /PRNewswire/ — Abacus Life Settlements, a leading life settlement provider in the secondary market for life insurance, announced today that it was granted a life settlement provider license by the Florida Department of Financial Services, Office of Insurance Regulation. Abacus is now licensed to purchase life insurance policies in 38 states,
  • At a Tipping Point: COI Increases for Seniors Owning UL Policies As Newton’s law of motion reminds us, for every action there is an equal and opposite reaction. Viewing Newton’s theory from inside the life settlement industry, the image that readily comes to mind is that of furious UL policy owners railing against the recent COI increases by major carriers. There’s little doubt that many seniors who own troubled universal life policies are at a
  • Life Settlements Might be an Option for Some Senior Consumers Following Recently Announced Premium Hikes for Universal Life Policies For more than 130 million American consumers, life insurance (term or permanent insurance) is a critical component of sound financial planning. But when a permanent life insurance policy becomes too expensive to maintain due to premium increases, the owner is faced with some hard choices. In light of the recently announced premium hikes for certain universal
  • Insurance Advisors with Life Settlement Expertise in Prime Spot to Assist with Business Succession Planning According to the results of an FPA/CNBC survey of planning professionals released in April 2015, 78 percent of small business owners expect to sell their businesses to fund their retirement. But what’s even more remarkable about the survey is the fact that more than 70 percent of small business owners have failed to create a written succession plan. The lack