Abacus Life, Inc. is a life settlement company that helps seniors sell their life insurance policies for cash. The company was founded in 2006 and is headquartered in San Diego, California. Abacus Life is a BBB Accredited Business with an A+ rating. How does Abacus Life work? Abacus Life works by evaluating the value of a senior's life insurance policy. The company takes into account factors such as the policy's face value, the policyholder's age and health, and the policy's surrender value. Once Abacus Life has determined the value of the policy, it makes an offer to purchase it. If the policyholder accepts the offer, Abacus Life will pay the policyholder cash for the policy and the policyholder will no longer be responsible for making premium payments. What are the benefits of selling a life insurance policy to Abacus Life? There are several benefits to selling a life insurance policy to Abacus Life. First, it can provide seniors with much-needed cash. This cash can be used to pay for medical expenses, debt, or other expenses. Second, selling a life insurance policy can help seniors simplify their financial life. Once the policy is sold, the policyholder will no longer have to worry about making premium payments. Third, selling a life insurance policy can provide seniors with peace of mind. Knowing that they have already secured the financial future of their loved ones can be a great relief. Is Abacus Life a good company? Abacus Life is a reputable life settlement company with a good track record. The company is BBB Accredited with an A+ rating. Abacus Life also has a number of positive reviews online. However, it is important to do your own research before selling your life insurance policy to any company. Here are some things to consider when deciding whether or not to sell your life insurance policy to Abacus Life:
If you are considering selling your life insurance policy to Abacus Life, it is important to do your own research and compare offers from multiple companies. You should also speak with a financial advisor to get personalized advice. |