Abacus Aims to Sell In-Force Policies to the Insurers
April 2, 2024 by Allison Bell
A company that buys in-force life insurance policies from the customers hopes to sell some of the policies to life insurance companies.
Jay Jackson, the CEO of Abacus Life, talked about his company’s efforts to sell policies to life insurers last week, during a conference call the company held to go over results for the fourth quarter of 2023 with securities analysts.
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Wink’s Moore on the Market: I am not uber-familiar with the life settlement market.
However, this struck me as odd-
This life settlement firm is selling inforce life insurance, which they have purchased, back to the insurance companies that underwrote it.
Is that a first? I’ve never heard of that before.
Smart. -sjm
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