A viatical settlement is the sale of a life insurance policy by the policy owner before the policy matures. Such a sale, at a price discounted from the face amount of the policy but usually in excess of the premiums paid or current cash surrender value, provides the seller an immediate cash settlement. Similar to reverse mortgages, viatical settlements involve insured individuals with a life expectancy of less than five years. In countries with high health care costs (such as the United States), this is a practical way to pay extremely high health insurance premiums and other senior care expenses that severely ill people face. Some people are also familiar with life settlements, which are similar transactions but involve insureds with longer life expectancies (two to fifteen years). - From Wikipedia and other sources 5/2007America's Best Franchises.com Joins with Guidant Financial Group to Show Entrepreneurs How to Buy Franchises Using Their Retirement Funds
DENVER, CO (PRWeb) January 8, 2007 -- America's Best Franchises (www.americasbestfranchises.com), the premier Internet-based franchise portal, announced today a partnership with Guidant Financial Systems to educate entrepreneurs in the purchase of franchises by using their self-directed retirement accounts. The goal of the partnership is to encourage the entrepreneurial spirit by empowering individuals to take control of their future through business ownership.
By visiting the AmericasBestFranchises.com web portal, and clicking on "Buy A Franchise Using Retirement Funds," entrepreneurs will learn the value of financing a franchise through an IRA or 401K retirement account. Guidant Financial Group has created a program called Audeo™, a self-directed retirement structure that permits an individual to actively invest in a franchise without debt and avoid taking a taxable distribution or incurring penalties.
"Many entrepreneurs who want to open a franchise face the dilemma of where their start-up funds will come from. In most cases, it's the biggest challenge to overcome," said Bill Bradley, CEO and founder of AmericasBestFranchises.com. "Our portal provides actionable information on financing options so the entrepreneur can transform their business' success into a powerful tool for tax deferred retirement growth. AmericasBestFranchises.com provides a wide range of information for the transformation of the would-be entrepreneur from an employee to a business owner. In addition to offering a diversified directory of the best franchises in the nation, the site includes value-added features including start-up tips, business planning, networking tools, inspirational case studies and franchise resources. It's truly a full service, full support portal."
About AmericasBestFranchises.com
AmericasBestFranchises.com provides a content-rich informational web portal with a mission to match prospective entrepreneurs with the perfect franchise or business opportunity. In addition, AmericasBestFranchises.com provides a superior, results oriented, economical advertising solution to the franchisor and business opportunity community. AmericasBestFranchises.com is a subsidiary of YFC Enterprises, LLC. For more information, visit http://www.AmericasBestFranchises.com.
About Guidant Financial Group, Inc.
Guidant Financial Group, Inc. is a non-traditional financial services company focused on delivering unique financing solutions to the non-traditional investment community. Guidant helps self-directed IRA and 401k holders to purchase assets within their retirement plans, without taking a taxable distribution or incurring penalties. Learn more at http://www.guidantfinancial.com.
Americas Best Franchises is a registered trademark of YFC Enterprises, LLC. All other brand and product names are trademarks or registered trademarks of their respective owners.
###