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Abacus is a leading vertically integrated alternative asset manager specializing in longevity and actuarial technology that is democratizing the life insurance space through groundbreaking AI development and an industry first blockchain solution. Since 2004, the Company has purchased life insurance policies from consumers seeking liquidity and has actively managed those policies over time (via trading, holding, and/or servicing). With over $2.9 billion in face value of policies purchased, Abacus has helped thousands of clients maximize the value of their life insurance. Over the past 18 years, the Company has built an institutionalized origination and portfolio management process that is supported by an 86-person team, long-term relationships with 78 institutional partners and 30,000 financial advisors, and the ability to operate in 49 states. The Company has serviced approximately $950 million in policies and has managed assets for large asset managers and third-party investment funds. Abacus` leadership team averages 20+ years of experience and consists of innovators since the life settlements industry`s inception in the mid-90s. The Company is a proud member of the Life Insurance Settlements Association (LISA) and complies with HIPAA and privacy laws to maintain and protect confidentiality of financial, health, and medical information. Abacus is also proud to be a BBB Accredited Business with an A+ rating.
Our Mission is to be the life insurance company of choice for our Farm Bureau family. Our focus is to provide competitive products and superior customer service to our Farm Bureau policyholders and agents, while observing the highest ethical standards. Our Company was founded in 1946 to provide our Farm Bureau members with competitive life insurance policies and to provide the service needed for those policies. The company and our agents have excelled through all these years and through all economic cycles and natural disasters. We are grateful to our Board of Directors for the support and leadership they provide. Their understanding of Farm Bureau members is the essence of Southern Farm Bureau Life Insurance Company and its operations. Our dedicated board, professional agency force and well trained home office staff embody all of the elements needed to maintain our company's record of success and meet the challenges of today and in the future.
At Great-West Life, we take pride in our history of serving the financial security needs of Canadians. For more than 100 years, we`ve been helping our clients develop their financial security plans. We`re a leading Canadian insurer, with interests in life insurance and health insurance, investment, retirement savings and reinsurance business, primarily in Canada and Europe. Great-West Life is a wholly-owned subsidiary of Great-West Lifeco Inc., a member of the Power Financial Corporation group of companies.
At Great-West Life, we take pride in our history of serving the financial security needs of Canadians. For more than 100 years, we`ve been helping our clients develop their financial security plans. We`re a leading Canadian insurer, with interests in life insurance and health insurance, investment, retirement savings and reinsurance business, primarily in Canada and Europe. Great-West Life is a wholly-owned subsidiary of Great-West Lifeco Inc., a member of the Power Financial Corporation group of companies.
Nextcare is a Third Party Administrator (TPA) for the insurance industry in the GCC & MENA region. The company specializes in providing complete health insurance management and administration services to insurers and other healthcare payers.