Abacus Life
Shane McGonnell has extensive experience in the financial and insurance industries. Shane served as Vice President at Abacus Life from December 2014 to the present. Prior to that, they were a Principal Member and Estate Planning Insurance Advisor at First Financial Resources from January 2006. Additionally, Shane held the position of Vice President at Advanced Settlements, Inc. from May 2000 to December 2014, and was a Managing Partner at 1st Life Financial, LLC from January 2002 to January 2006.
Shane McGonnell attended Tampa College from 1989 to 1991, where they pursued a degree in Electrical Engineering. Their field of study specifically focused on Electrical Engineering during this time.
Abacus Life
Abacus is a leading vertically integrated alternative asset manager specializing in life insurance products. 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 life insurance. Over the past 19 years, the company has built an institutionalized origination and portfolio management process that is supported by a 78-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 has underwritten and valued approximately $520 million of policies on behalf of third parties. Abacus’ leadership team averages 20+ years of experience and have been 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.