Discuss Your Policy With Us Directly At 1-800-561-4148.

What is a Life Settlement?

A life settlement is a financial transaction where the owner of an unwanted life insurance policy transfers ownership and beneficiary rights to an institutional investment fund. In exchange for transferring ownership, the insured receives a cash settlement that can often be four times greater than the cash surrender value. This is not a loan, it is a one-time cash transaction that results in a full transfer of ownership in exchange for a lump sum. The money belongs entirely to the policy seller and can be spent at his or her discretion


Why Life Settlements?

Individuals look into the life settlement market for a variety of reasons, but the core of every discussion is finding value in an asset that typically goes unnoticed as they age. Policies are often just another bill coming out until they become a strain on retirement budgets. Approximately 90% of all life insurance lapses, effectively returning billions of dollars annually in value and personal property to life insurance companies, with no benefit to the insured. At Abacus Life, our aim is to change that, we help individuals take the value that they are owed, that they earned and built over decades.

Selling your life insurance policy provides you with a sensible solution to find value in an asset you may no longer need, or can no longer afford. Rather than allowing your policy to lapse, or surrendering it for a cash surrender value that is well below your policies true value; selling your policy offers a viable, safe alternative.


Can I Sell My Life Insurance Policy?

One of the most common questions we are asked is, “Who Qualifies For a Life Settlement?”. While there are some tested and true parameters for the settlement market, we reccomend anyone that may be curious fills out our Life Settlement Calculator. There are a variety of ways you can qualify for a settlement, and every client is different. We commonly purchase policies from individuals significantly younger than 72 based on health and policy factors. That being said, our typical client is over the age of 72 with at least $50,000 in life insurance coverage of any type, including term policies.


How Does Selling my Policy Work?

The life settlement market has historically been cumbersome and complicated, the barriers to entry for a normal person were often too great. It has been Abacus Lifes goal for the past several years to make settlements simple, and we are proud to be the largest direct purchaser in the industry due to that focus on our clients. We got rid of all the red tape, and boiled the life settlement process down to a few simple steps.

Call Abacus directly at 800-561-4148 or fill out our Life Settlement Calculator above. Your introduction call will typically take no more than 10 minutes.

If you are interested in proceeding after meeting your Abacus account manager, we will some simple policy documents from your insurance carrier in order to provide you with an offer.

Receive an offer based on a combination of factors including your policy type, premiums, health, and age. We believe in transparency, and will run you through the numbers; and the numbers behind the numbers to ensure you are comfortable with your offer.

Receive your money! After accepting your offer, Abacus Life will guide you through a contracting phase that involves transferring ownership of your life insurance policy, once funds are transferred you can expect them in your bank of choice within 24 hours.

Success Stories

Sandra, 59, was struggling under the weight of high monthly premiums and was in need of resources to help with family issues. To free up capital, she considered letting the policy go, but then learned she had other choices. Through a hybrid option Abacus provides, we were able to help Sandra maintain the policy, while giving her an infusion of cash. Abacus quickly paid her premiums to keep the policy current, so her beneficiaries will still receive benefits from the policy, and Sandra received $110,000 to help with medical care and family needs.


At age 83 Eddie decided his life insurance policy no longer met his goals for his estate plan and considered surrendering it entirely. He began exploring the possibility of a life settlement after hearing about Abacus from a friend. Because of his advanced age and medical history, Abacus was able to offer him almost double the cash surrender value of his $2,485,065 policy with a final settlement value of $1,200,000. This money went directly into Eddie’s accounts and he is now able to use these funds to finance all of his retirement needs.


Senior care can be a rather large expense for many people, including those who have thorough financial plans. Although Peter had some money stored away, he still needed additional funds to cover the costs involved with long-term care as he recently turned 89 years old. Weary of monthly insurance premiums, he considered letting his $250,000 policy lapse in order to cut costs, instead, he contacted Abacus Life. We were able to offer Peter $120,000 for his policy; covering his long-term care costs entirely.