ORLANDO, Fla., Nov. 3, 2016 /PRNewswire/ -- Abacus Life Settlements, a leading life settlement provider in the secondary market for life insurance, announces that Jay Jackson will be joining the firm as Vice President of Capital Markets.
"Jay brings a wealth of knowledge and experience working with the capital markets and is an important addition to our team in our quest to provide unparalleled service to policy sellers, financial professionals and the investment community," said Samantha Butcher, Chief Operations Officer of Abacus. "I am thrilled to be partnering with a firm that has such a strong origination platform and a wealth of longstanding relationships in the insurance community," said Jackson. According to a 2015 Life Settlement Provider ranking released by The Deal, Life Settlement Report, Abacus earned the number two spot among providers for having purchased a total face value of more than $184 million. Butcher noted that Abacus's industry ranking, which places it among the nation's top three providers, strengthens the company's market position when competing for policy acquisition and when attracting new investment capital. Abacus believes the recent resurgence of the secondary market for life insurance provides senior consumers with a valuable funding source for alternative income-producing investments. For aging baby boomers, who may be financially ill-prepared for their own longevity, life settlements can be a source of funds to help pay for medical and long-term care expenses.