Abacus Global Management, Inc.

Abacus serves policyholders who want to monetize unwanted or underutilized life insurance policies, especially older individuals whose insurance need has diminished relative to the value of immediate cash. A second core customer group is financial advisors and agents, who use Abacus’s settlement expertise and tools to present life settlement options to their clients. The company also works with life settlement brokers and intermediaries that source policies on behalf of advisors or clients. On the institutional side, insurers and reinsurers use Abacus’s solutions to help manage legacy liabilities and develop consumer-facing products, while wealth and asset management clients use its longevity-based investment capabilities.

Abacus’s strategy is to expand policy origination by strengthening its advisor network, direct-to-consumer marketing, and broker relationships. The company is also shifting toward more technology-enabled distribution, as shown by the AccuQuote acquisition and the use of online valuation tools to broaden consumer reach. Management has said it intends to reduce reliance on traditional intermediaries over time and build the technology needed to access advisors and consumers more directly. At the same time, Abacus is broadening from a pure settlement originator into a scaled alternative asset manager and institutional solutions provider, which should diversify revenue sources and deepen its competitive moat.