This is the most common life insurance option and what is typically thought of as a life settlement.
In this option, you sell your life insurance policy to a buyer for a cash amount above your policy’s surrender value.
You have no further obligations or claims to the policy, with all future premiums paid by the buyer.
The seller received all possible benefits from the policy and they will receive nothing at the time of the insured’s death.
Robert called us with a binder full of research on his policy options. He had his questions prepared and very clear goals on what he wanted to accomplish financially with his policy. Before we even started speaking about Abacus potentially purchasing his policy we went over everything from surrendering his policy to alternative funding options.
“I was deeply in debt and my life insurance payments were becoming a financial burden. I read about viatical settlements and did my research. I checked with numerous companies about a multitude of different ways of selling my life insurance plan. Abacus Life was by far the best deal for me. Not only were they able to come in several weeks after the process started with other companies and still generate an offer faster than anyone else, they even advanced a part of my settlement.”
Robert and his wife took a dream national park trip with their advance and were able to purchase a cabin and catch up on all of their debts and medical bills with their funds.
Abacus offered Robert $275,000 in cash.
$500,000 Universal Life Policy
Discover other options that may better suit your needs, such as a hybrid life settlement, which allows you to sell a portion of your life insurance policy and retain a portion at the same time. Another option is a Retained Benefit, which allows you to maintain a portion of your death benefit without paying future premiums.
Every situation is unique, and our experienced team is here to guide you through your choices. Call our team at 800-561-4148 today to find out which option is best for you and your financial goals.
If you want to learn more about your life settlement transactions, please refer to the resources below:
© 2025 Abacus Life Settlements. Disclaimer: Abacus Life is not approved in all States. Abacus Life is a DBA of Abacus Settlements, LLC. Due to the inevitability of internet to enter States without intention, this website or any other correspondence does not constitute a solicitation for business in any particular State. This site is not intended for Louisiana, Texas, or Rhode Island residents. It is the responsibility of all intermediaries to follow the State laws and obtain any required licensure that corresponds to any particular financial or life settlement business in which they are engaging. Abacus Life will not accept business in States in which it is not licensed. The information contained in this site is not approved for or pertinent to Alaska or any other State in which Abacus is not licensed. We do not currently accept cases from AK. Copyright 2003-2025.