Abacus Life Services

Abacus Life Services was created to educate seniors and the critically ill about an important option regarding their Life Insurance Policy that very few people are aware of. Typically, an insurance policy is purchased for a particular reason. For instance, a policy on the life of the head of a household may have been purchased as an income replacement vehicle. Or a policy on a “key person” in a closely-held business may have been purchased to ensure the company’s survival following the untimely loss of the business partner. But what happens if circumstances change and the policy is no longer needed. Or, you can’t afford the premiums any longer? Historically, the only option available was to surrender it back to the insurance company for whatever cash value remained in the policy or allow it to lapse and receive nothing. But now, you have an option…it’s called a Life Settlement. A Life Settlement allows you to sell your policy for a real cash value sometimes 3-4 times greater than the surrender value.