Podcast: Abacus Life President & CEO Jay Jackson
What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours.
Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity.
To help bring this particular kind of transaction more into the mainstream, Abacus Life announced a $618 million combination with East Resources Acquisition Company on August 30.
He explains how these policies can be bundled together to create uncorrelated assets that are attractive to institutions for hedging, and why he sees a SPAC deal as the right way to fuel the growth of Abacus Life’s model.
Give it a listen