Policies must have a death benefit of at least $100,000.

Most life insurance policy types are accepted with the exception of standard term life, but convertible term is accepted.

Money arrives in 21 days or less after accepting.Ībacus is looking for customers in their mid-to-late 70s or individuals with poor health. Formal offers are presented within 14 to 21 days. You also may accomplish the same thing by calling their team. You can start the life settlement process by completing Abacus’ one-step qualifier, which provides a fast quote through the company’s website. The company was named as one of the top life settlement providers of 2020 by The Deal. The company beats the competition for fast quotes and sales with artificial intelligence to expedite the underwriting process. Founded in 2004, the Orlando, Florida-based company is our top choice for speedy quotes and fast life settlements. Coventry doesn’t charge a brokerage fee to policyholders.Ībacus Life Settlements is one of the fastest-growing life settlement providers, with 18.5% growth over the past year. The exact payout depends on variables like your health, the type of insurance policy, the policy’s premiums, and more. To qualify, you must be at least 65 years old and your policy’s death benefit must be at least $100,000, and your life expectancy can’t be more than 20 years. Coventry offers a retained death benefit, allowing you to keep part of your policy’s payout after you stop paying premiums. The company also completes a background check to prevent fraud. You can start the life settlement process by submitting a questionnaire, authorization, insurance carrier illustrations, and your past five years of medical records. The Fort Washington, Pennsylvania-based company has a history of advocating for life settlement regulation. The company’s size, long-standing reputation, and industry accolades make it the best choice. Abacus is also proud to be a BBB Accredited Business with an A+ rating.Coventry conducted the first life settlement transaction and has become the industry’s biggest life settlement provider. 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 has underwritten and valued approximately $520 million of policies on behalf of third parties.Ībacus’ leadership team averages 20+ years of experience and have been innovators since the life settlements industry’s inception in the mid-90s. The company has serviced approximately $950 million in policies and has managed assets for large asset managers and third-party investment funds. Over the past 19 years, the company has built an institutionalized origination and portfolio management process that is supported by a 78-person team, long-term relationships with 78 institutional partners and 30,000 financial advisors, and the ability to operate in 49 states. With over $2.9 billion in face value of policies purchased, Abacus has helped thousands of clients maximize the value of life insurance.

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). Abacus is a leading vertically integrated alternative asset manager specializing in life insurance products.

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