ABL Tech
ABL Tech builds on our decades of experience and proprietary health and longevity data sets to create new technology products that are revolutionizing the life planning industry and creating tremendous benefits for pension funds, government agencies, insurance-related businesses, and more. ABL Tech has built platforms that can conduct real-time mortality verification, locate missing participants, and service the secondary life insurance market with speed and accuracy never previously available.
Additionally, our technology products are democratizing the life settlement space for consumers by providing more transparency and removing the layers of confusion that have plagued the industry in the past.
Our tech stack provides data and analytics that inform our approach to life planning and creates meaningful value for our clients. As technology continues to expand and develop, ABL Tech will help maintain Abacus’s position at the forefront of our industry.
The ABL Tech Team
Alejandro Palmar
Full Stack Developer
Jinan Patel
Full Stack Developer
JC Oviedo
Director of Sales
Edward Meyers
Senior Account Executive
Jose Pina
Account Executive
ABL Tech Products
LifeVerify & MVerify
Abacus has developed a proprietary algorithm that sweeps vital databases and keeps participant records up to date, allowing pension funds, government agencies, companies in the life insurance space, and more to increase data accuracy and meet reporting standards.
- LifeVerify: a comprehensive service that locates missing plan participants and their beneficiaries. It conducts multiple forms of outreach via mailings and phone calls and provides an audit trail report documenting steps taken to locate the participant in accordance with the Department of Labor and IRS guidelines.
- MVerify: a continuous mortality monitoring verification service that reduces and eliminates pension overpayments and fraud while accurately conducting plan evaluations for solvency reporting to the Pension Benefit Guaranty Corp (PBGC). It utilizes thousands of sources to identify and validate the mortality of plan participants via obituary, consumer, and commercial databases.
Valuation Services
Abacus Life’s sophisticated system generates real-time industry-standard life tables by analyzing 20 years of historical data from a subpopulation of insured individuals. Our dynamic approach captures intricate relationships between impairments and lifespan, providing accurate and up-to-date information for insurers. These services are leveraged by our ABL Wealth team to optimize personalized wealth distribution strategies based on unique wealth profiles and health circumstances.
Abacus Marketplace
The Abacus Marketplace is a multi-platform client portal that opens the door to communication in the life settlement space. One of the core goals of Abacus is to democratize the life settlement space and remove the layers of confusion that have been placed on the industry in the past. The Abacus Marketplace is a major step in that process, allowing clients and advisors to access their life settlement cases instantly, with no red tape.
Blockchain
The Abacus Blockchain is a solution developed in partnership with Blockcerts utilizing an Authenticated Cloud Secure Virtual Space platform, along with proprietary decentralized applications. This process eliminates paperwork and intermediaries, shortens timeframes, streamlines processes, offers front-to-back digital identity for clients, and enhances security.
