Abacus Life, Inc. is a vertically integrated alternative asset manager specializing in life insurance products. The Company operates in three segments: Portfolio Servicing, Active Management, and Originations. Its Portfolio Servicing segment provides policy services to customers on a contract basis. Its Active Management segment buys, sells and trades policies and maintenances policies through to death benefit. The Originations segment originates life insurance policy settlements between investors or buyers, who is often the original policy owner. The policies are purchased from owners or other providers through advisors, brokers or directly through the owner. It originates policies through three primary origination channels (Agents/Financial Advisors, Direct-to-Consumers, Life Settlement Brokers) and Third-Party Intermediaries, screens them for eligibility by verifying that the policy is in force, obtaining consents and disclosures, and submitting cases for life expectancy estimates.
