Abacus Life Announces Launch of Abacus Marketplace
August 08 2023 - 8:00AM
Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a
leading buyer of life insurance policies and vertically integrated
alternative asset manager specializing in specialty insurance
products, today announced the launch of the Abacus Marketplace, a
leading policy valuation and management platform.
The Marketplace is a part of Abacus’ continued
effort to make the life settlement and life insurance industries
transparent, structured and collaborative from start to finish.
Abacus believes that insureds and the financial professionals that
the Company works with on a daily basis should have open access and
visibility into the entire process, including:
- Consistent
updates from the early stages of a case through closing
- Case file
management directly on our secure Marketplace
- Direct
communication with your Abacus representative
- Transparent bids
and offers, including the data we utilize in pricing
- E-sign
applications and contracts that can shave days or weeks off of most
cases
“The Marketplace is a one-of-a-kind hub for the
groundbreaking technology solutions that Abacus has already brought
and will continue to bring to the industry,” said Abacus Chief
Executive Officer Jay Jackson. “The platform will begin as a
vehicle toward further collaboration with every client and a window
into how our AI-driven longevity technologies shape cases. It will
only continue to develop and grow as we launch our securitized
digital blockchain offering and smart contracts, which will be
fully integrated into the Abacus Marketplace. Our user-friendly
technology platform connecting insureds and financial professionals
with first-class efficiency and transparency shows once again how
Abacus is consistently on the leading edge of the life settlements
industry.”
Abacus Marketplace is available to brokers,
agents and financial professionals, as well as consumers who are
looking for detailed insights into the life settlement process. For
more information on Abacus Marketplace visit:
https://abacusmarketplace.com/login.
About Abacus
Abacus is a leading vertically integrated
alternative asset manager specializing in life insurance products.
Since 2004, the Company has purchased life insurance policies from
consumers seeking liquidity and has actively managed those policies
over time (via trading, holding, and/or servicing). With over $2.9
billion in face value of policies purchased, Abacus has helped
thousands of clients maximize the value of their life
insurance.
Over the past 19 years, the Company has built an
institutionalized origination and portfolio management process that
is supported by an 84-person team, long-term relationships with 78
institutional partners and 30,000 financial advisors, and the
ability to operate in 49 states. The Company has serviced
approximately $950 million in policies and has managed assets for
large asset managers and third-party investment funds.
Abacus’ leadership team averages 20+ years of
experience and consists of innovators since the life settlements
industry’s inception in the mid-90s.
The Company is a proud member of the Life
Insurance Settlements Association (LISA) and complies with HIPAA
and privacy laws to maintain and protect confidentiality of
financial, health, and medical information. Abacus is also proud to
be a BBB Accredited Business with an A+ rating.
www.Abacuslife.com
Contact:
Abacus Life Investor Relations
investors@abacuslife.com
Abacus Life Public Relations
press@abacuslife.com
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