Abacus Life Policy Value Calculator Surpasses Milestone of 150,000 Policy Valuations

Rhea-AI Summary

Abacus Life, Inc. (NASDAQ: ABL), a leading global alternative asset manager specializing in lifespan-based financial products, has announced a significant milestone for its Abacus Policy Value Calculator. The calculator, which recently launched its newest generation, has surpassed 150,000 individual submissions from insureds, representing more than $87 billion in face value.

CEO Jay Jackson emphasized the company's commitment to providing instant access to their valuation database through the calculator. This tool offers insureds a transparent and up-to-date estimate of their policy's value. The high volume of submissions has allowed Abacus to further refine its models and actuarial databases, enhancing the accuracy of its valuations.

Positive

• Abacus Policy Value Calculator surpassed 150,000 individual submissions
• Total face value of submitted policies exceeds $87 billion
• High submission volume allows for refinement of valuation models and actuarial databases

Negative

• None.

ORLANDO, Fla., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced that its popular Abacus Policy Value Calculator, which recently launched its newest generation, has surpassed 150,000 individual submissions from insureds, totaling more than $87 billion in face value.

“Since the original version of the calculator, we have been proud to provide over 150,000 insureds instant access to our valuation database right on our website,” said Jay Jackson, CEO of Abacus Life. “This outpouring of interest in our education-based messaging has allowed us to further refine our models and actuarial databases, giving insureds an instant, transparent, and up-to-date estimate of their policy’s value.”

About Abacus

Abacus is a leading global alternative asset manager and market maker, specializing in use of advanced longevity and actuarial technology to purchase life insurance policies from consumers seeking liquidity while creating a high-returning asset class of insurance products, uncorrelated to market fluctuations, for institutional investors.

With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products traded on the Nasdaq exchange.

Abacus has invested in two new verticals: ABL Wealth, which provides longevity-based wealth management services and investment offerings, and ABL Tech, which offers ground-breaking technology services for pension funds, governments, insurance companies, retirement associations and more that provides advanced real-time data tracking and analysis. With each new channel, we are revolutionizing the future of life insurance.

www.abacuslife.com

Contact:

Abacus Life Investor Relations
investors@abacuslife.com

Abacus Life Public Relations
press@abacuslife.com

FAQ

What milestone did Abacus Life's Policy Value Calculator reach in September 2024?

Abacus Life's Policy Value Calculator surpassed 150,000 individual policy submissions in September 2024, representing more than $87 billion in face value.

How does the Abacus Policy Value Calculator benefit insureds?

The Abacus Policy Value Calculator provides insureds with instant, transparent, and up-to-date estimates of their policy's value directly on the Abacus Life website.

What is the stock symbol for Abacus Life, Inc.?

The stock symbol for Abacus Life, Inc. is ABL, and it is listed on NASDAQ.

How has the high volume of submissions impacted Abacus Life's (ABL) business?

The high volume of submissions has allowed Abacus Life to further refine its models and actuarial databases, improving the accuracy of its policy valuations.