Abacus Life Inc. 9.875% Preferred Stock (ABLLL)

Overview

Abacus Life, Inc. is recognized as an integrated alternative asset manager, with a niche focus on investing in inforce life insurance products. This innovative company has carved out its niche by purchasing existing life insurance policies, thus facilitating a marketplace that connects potential buyers and sellers. By leveraging an origination process, Abacus Life streamlines the transaction of life insurance policies, making it less cumbersome for all parties involved. The foundation of this unique business was laid by Matthew Ganovsky, Kevin Scott Kirby, and Todd Sean McNealy. Based in the vibrant city of Orlando, FL, Abacus Life continues to redefine the way life insurance policies are traded, reflecting its pioneering spirit and commitment to adding value to its clients.

Products and Services

• Life Insurance Policy Investments - Abacus Life specializes in investing in inforce life insurance policies. This involves the company purchasing life insurance policies from policyholders who are looking to sell their policies for immediate capital rather than waiting for the policy to mature. It's a win-win for both the seller, who receives immediate financial benefit, and Abacus, which invests in the future payout of the policy.
• Marketplace for Buyers and Sellers - To facilitate the trading of life insurance policies, Abacus Life operates a marketplace that connects sellers of life insurance policies with potential buyers. This origination process is designed to simplify the transaction for both parties, making it easier for policyholders to sell their policies and for investors to find viable insurance products to invest in.