![]() ![]() 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). If you don't have children or a spouse, you will only need enough insurance to make sure that your burial expenses are covered, unless you would like to have an insurance policy in order to help in the distribution of your estate.Abacus is a leading vertically integrated alternative asset manager specializing in life insurance products. If you have a spouse and older children or no children, you will still want to have life insurance, but you won't need the same level of insurance as in the first example, just enough to ensure that your spouse will be provided for, to cover your burial expenses, and to settle the debts that you have accumulated. If you are in a position where you and your spouse both earn for the family, then you should both be insured in proportion to the incomes that you garner. If you have a spouse and young children, you will need more insurance than someone with older children, because they will be dependents for a longer amount of time than older children. For example, if you have a spouse, a child, or a parent who is dependent on your income, you should have life insurance. The main reasons to buy life insurance would be because you have dependents that would be put in a tough position without you providing for them. Your payout could go to family, charity, or wherever you choose to distribute it. Life insurance can also help with the distribution of your estate. The main reason that people purchase life insurance is to know that in the event of their passing, their children and loved ones will be taken care of. If you are checking the prices of universal life policies, if the policies have different premiums and death benefits, the policy with the higher cash surrender value would be the better investment. The cash surrender value is what you will receive in return if you were to surrender the policy, which is different than the cash accumulation value. On the other hand, the surrender cost index is more useful to those who are concerned with the cash value of the investment. This is most helpful if you are more concerned with the death payout than the investment. This can be judged easily by remembering that the lower this number is, the more inexpensive the policy is. The net payment index calculates the cost of carrying the policy for ten to twenty years. Agents may be required to calculate two different types of indexes to aid in price shopping. In most states there will be a set of rules laid down by a group of insurance regulators.
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