Abacus Life Settlements and BlockCerts Blockchain Partner to Lead the Next Generation of Life Insurance and Annuity Purchases using Blockchain
ORLANDO, Fla. (PRWEB) July 26, 2022
Abacus Life Settlements and Longevity Market Assets are collaborating with BlockCerts Blockchain on a new business model and technology platform to launch Abacus into a new era for insurance and longevity-related assets.
"Abacus Life and Longevity Market Assets are excited to partner with BlockCerts Web 4.0 to lead the next generation of life insurance and annuity purchases using blockchain. We are revolutionizing the acquisition and investment in longevity-related assets," stated Jay Jackson, CEO of Abacus Life. In the future, Abacus Life will transact a policy entirely on the blockchain using the BlockCerts Authenticated Cloud, Secure Virtual Space platform, SignCERTin, and proprietary decentralized applications. This will eliminate paperwork and intermediaries, shorten timeframes, streamline processes, offer front-to-back digital identity for clients, and enhance security, just to name a few.
The company will benefit from cost reductions, next-generation data security, and a competitive edge in the marketplace to continue its leading growth trajectory. By using TrackCERTin, all details for every policy can be accessed quickly, eliminating the data degradation as policies trade hands and assign a true asset identity that tells the entire policy story from origination through the tertiary market.
"BlockCerts is enthused to collaborate with the Abacus Life team to bring the full power of Web 4.0 to life within the insurance industry, to redefine what is possible," stated Tim Vasko, Founder of BlockCerts Blockchain. Vasko said, "This is a great example of how our authentication blockchain and our full suite of decentralized applications are able to streamline past processes and provide new solutions to yield many new benefits for a growing company like Abacus Life and Longevity Market Assets."
BlockCerts.com has connected the dots with the first Web 4.0 experience for individuals and companies riding on its authenticated blockchain and authenticated cloud, where every person is authenticated, private keys protect data, each individual works in their Secure Virtual Space, dApp tools eliminate siloed applications and data, and TrackCERTin provides a view of transactions and events to organize and view everything in a business to scale globally.
BlockCerts has integrated true Web 4.0 privacy, your Secure Virtual Space, and the tools for managing life or scaling a global business. BlockCerts recently showcased the ORBITi private browser and BCERTin Pilot, the gateway to your private cloud and the new tools to soar in the digital universe.
Abacus Life was first formed in New York's financial district in 2004, and is now headquartered in Orlando, Florida. We have been a leading buyer of life insurance policies in the U.S. for the last 18+ years. With over $2.9 billion in policy face value purchased, we have helped thousands of clients maximize the value of their life insurance.
With over 60 team members strong, we provide white-glove service to financial advisors and policy owners who need to value life insurance and explore this lucrative financial option. We consistently rank top of the industry in funds deployed to purchase policies and percent paid to clients. Our shareholders and officers have been leaders in the industry since its inception in the mid-90s. Abacus is leading a new digital generation that will benefit both our shareholders and clients in this next era of digital transformation.
BlockCerts Blockchain BlockCerts is leading a Web 4.0 renaissance with a Secure Private Space platform offering new applications to manage life and scale businesses. BlockCerts provides privacy and freedom from the current dangers of Web 2.0. Each community member receives their own private cloud – avoiding the exposed web of the past. With one click, you access next-generation tools to manage your life or scale a global empire. The platform also benefits enterprises through Use Case applications that are tailored to the needs of each business.