Abacus Life Settlements Reviews 

79
TrustScore 3 out of 5

3.0

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Rated 1 out of 5 stars

I had a $100,000 term life insurance policy lapse because premiums were going to increase and Abacus offered NOTHING because they want you to be, literally, on death's door. These companies only make... See more

Rated 1 out of 5 stars

My experience with Abacus life was extremely disappointing. I spoke to Jackson and we proceeded with the application to sell my policy. After this, all communication ceased. I received no confirmation... See more

Rated 4 out of 5 stars

Denise and Janine were great to work with. They were very attentive to detail as we worked through the process. Any time I needed to speak with either of them related to questions about where we were... See more

Rated 5 out of 5 stars

Very impressed by service afforded us by Moses. He proved to be very amiable and eager to help us in any way that he could. Although we were unable to sell our life insurance due to policy restriction... See more

Company details

  1. Insurance Agency
  2. Financial Consultant

Information provided by various external sources

Founded in 2004, Abacus Life Settlements is a licensed Direct Life Settlement Provider and Buyer headquartered in Orlando, FL.


Contact info

3.0

Average

TrustScore 3 out of 5

79 reviews

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No recent history of asking for reviews

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3.0

All reviews

(79)

4 reviews in the last 12 months

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Rated 2 out of 5 stars

I was told for months they had multiple…

I was told for months they had multiple life expectancy reports and needed one more from a 3rd party and after a month of being told they would have it originally in a few days, they finally respond after weeks of silence. I was shopping for the policies with Abacus and Coventry. Coventry made offers and Abacus just wasted my time. They try to drag it out so people are desperate and pay the premiums till they can low ball the desperate people. I am not one of those and sent an email explaining the numbers and rate of return to them and the fact of the matter the policies I own are on my mother who had lung cancer and I wanted to give more to her while she is living. My family owns the policies as investments as I am actually an agent who sales a lot of life insurance as an investment. Would make the assumption that the employees at Abacus do not care about what is right. They just try and exploit helpless people. I'm sure with doing that they do not have to close too many deals to make a fortune.

28 May 2019
Unprompted review
Rated 5 out of 5 stars

Abacus and Myles Ganovsky Provided AMAZING service!

Abacus mainly, Myles Ganovsky , was great! The company performed every task with speed and professionalism. If it had not been for the slowness and lack of service on the part of Transamerica Life I would have had the sale of my policy completed in about 30 days.
Myles was OUTSTANDING! He called me almost daily with updates and suggestions for me to speed up the process.
I would recommend Abacus 100%. Ask my for MYLES he was terrific!

Robin C. Carlsbad, Ca

24 April 2019
Unprompted review
Abacus Life Settlements logo

Reply from Abacus Life Settlements

We're so glad you had a positive experience with us. Thank you for the thoughtful review, we will be sure to pass it along to Myles and the management team here.

Rated 5 out of 5 stars

Jackson Tylman was diligent

Jackson Tylman was diligent, conscientious, and quick to respond throughout the entire process from application to settlement. He was professional and caring when answering our many questions. He was persistent in dealing with our life insurance provider to secure the required information. We would highly recommend Abacus and Jackson Tylman for anyone considering selling a term life insurance.

2 April 2019
Unprompted review
Rated 1 out of 5 stars

WARNING- STAY AWAY and please anyone read updates here and Google.

I wish I could give less than 1 star. Absolutely the worst in the Industry. At all costs stay away from these LIARS. They will waste your time with every conceivable excuse to delay and by the time you reach step 5 of their 5 steps to settlement you get a sorry we can't help you! Stay away and btw the Google Reviews are posted by employess of the company, BEWARE of Shane McGonnell who by any stretch lacks professionalism and reminds me of a used car salesman except many of those have integrity.

1-11-2019:

Still waiting on Contracts, what are you hiding Shane! You did nothing to address a 10 year old issue which your due dilligence was a google search. LIAR and then you threaten to publish public information in attempt to embarrass me which is disgusting (They are all posted on Google for everyone to see what a lying self serving person you are).

1-23-2019 UPDATE

The response clearly was written by legal counsel to avoid any potential legal action and the intake forms mention nothing of what is contained in response, Shane did a simple internet search and found an article from an old case to use as excuse to pull their offer. So much unprofessionalism amazes me, all documents posted on Google for trasparency. Just avoid this company!

9 January 2019
Unprompted review
Abacus Life Settlements logo

Reply from Abacus Life Settlements

We apologize for Mr. Vaughan’s experience and regret we couldn’t purchase his policy. Abacus has an ethical and legal obligation to ensure all of its settlement transactions meet state anti-fraud regulations. As such, Abacus performs background checks on all potential clients. If we discover that there are inconsistencies with the information provided to Abacus by the seller, the transaction may be terminated. In Mr. Vaughan’s case and referenced by him, there was a 2012 incident that simply prevented us from purchasing his policy. We worked very closely with him to address the issue but ultimately were forced to withdraw the offer. Mr. Vaughan did not incur any expenses and we even reimbursed him for his notary fees. We will also send him a copy of his contracts. We wish him the very best.

Rated 5 out of 5 stars

Abacus Settlment- One of the best decisions I’ve ever made!!

I must say that Abacus Life Settlement was excellent from beginning to end. Everyone on the staff that I interacted with was helpful, knowledgeable, professional and friendly!
I have recommended this company to so many people that I know and to many that I do not know but who are patients that I see each time I go for chemo treatments.
The Abacus process was as they told me it would be, no problems no hiccups!
I don’t know what I would have done without the Abacus Settlement because I was so frustrated with financial matters.
Thanks Abacus! I love everything about this company!

10 October 2018
Unprompted review
Rated 5 out of 5 stars

At 76 YEARS OF AGE I NO longer needed…

At 76 YEARS OF AGE I NO longer needed life insurance because the kids were grown and on their own.
a friend told me to call Abacus life settlements to see if they would buy my policy. It was a 100.000 term life policy. I called and talked to Garett Lipnicky He asked me a few questions to see if I qualified.It worked out very well. Garett stayed with me thru the whole process. Answered my questions,returned my phone calls and made sure all the paper work was in the right order.I was very happy with the settlement and 5stars to Garett Lipnicky for the help and patience I received. Great Company .

6 October 2018
Unprompted review

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