Abacus is dedicated to making sure that you have the knowledge and resources to help make the best decision for you and your family. We do notcharge for any of our policy value estimation services or consultations. Use the Abacus Life Settlement Calculator to see your policy’s value in minutes. The value of your policy is based on three factors: Age, Policy Type & Policy Value. How Much is My Life Insurance Policy Worth? While every provider handles the life settlement process differently, it really comes down to a six-step process: After that, you may be eligible to follow through with the process. Once you use our calculator, we can run a valuation on your policy quickly and easily. Instead of surrendering the policy and receiving less payout, a settlement could be financially beneficial if they qualify. Your life insurance policy is no longer neededĪs a person transitions through various stages in life, they may find that they no longer need their policy.By choosing to sell your life insurance policy, you can pay off the entirety of your medical bills and build your savings. Life s ettlement s are also a viable alternative when it comes to assisting with medical bills. Alleviate medical care or other expenses.A l ife s ettlement is an excellent way to supplement savings in your golden years. Others sell their policy with retirement benefits in mind. Many potential policy sellers that are nearing a policy lapse choose to make a l ife s ettlement rather than surrendering the policy back to the insurance company. You can no longer afford premium paymentsĭepending on the terms of the policy you own, changes in the insurance market could drive up the price of the premiums you pay.Here are some common reasons people choose to sell their life insurance policy: It is entirely a personal matter and should be carefully discussed with family and financial advisors. There are many reasons to begin pursuing a l ife s ettlement. We are committed to serving you with the utmost confidentiality, transparency, and urgency you deserve. Our life insurance settlement professionals have worked with all levels of cases, and our expertise is unmatched within the industry. We will walk you through the entire process from start to finish, answering any and all questions you may have. We empower you with the informationyou need to decide if selling your life insurance policy, or even a portion of it, is right for you. With over $3 billion in policy face value purchased, we have helped thousands of clients maximize the value of their life insurance. For a full list of states that Abacus is licensed in, click here.Abacus is also proud to be a BBB Accredited Business with an A+ rating.We strictly adhere to HIPAA and privacy laws to maintain and protect the confidentiality of financial, health, and medical records.Like many other people, we understand that you may have a policy that no longer meets its goals. We employ 50 employees who collectively work to aid clients in their life settlement needs. The company was originally formed in New York’s financial district in 2004, and is now headquartered in Orlando, Florida. You will be able to access the sample policies and quickly quote our programs once you are signed up.Abacus Life Settlements is the largest direct provider in the life settlement industry for the last 17+ years. Can I view forms and pricing prior to signing up? How long does the registration process take?Ĭompleted documents received prior to 3 pm Pacific Time are processed the same day. Sign up and we will email you the required documents. What information do I need to provide?Ībacus requires a signed Producer Agreement, Resident State License, proof of Errors & Omissions coverage, W-9 and an Electronic Funds Transfer Agreement (so we can send you commissions). The programs we manage are handled through different divisions of the carriers and are independent of any existing relationships you may have. Abacus operates as a Managing General Agent for the respective carriers. If my firm is already appointed with one of the Abacus carriers, is an Abacus contract still required? In order to access the online programs, your firm must first sign up with Abacus. Getting Appointed With Abacus Why sign up with Abacus?
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