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 5/2007More Communities Draw Bulls-eye on Baby Boomers - New Tool From TopRetirements.com Gets Your Retirement Community Noticed
Madison, CT (PRWeb) January 17, 2007 -- Many of the nation's 76 million baby boomersr are starting to think about choosing a retirement community. But up until now these active adults 55+ faced one big problem - where to find an objective list of attractive communities, along with enough usable facts to make an intelligent choice.
Free Listings for Retirement Communities
Hundreds of baby boomers search www.Topretirements.com every day, looking for their perfect retirement spot. Communities seeking to increase economic development by promoting their town or development as an ideal place to retire now have a powerful and free tool -- they can create a free listing at Topretirements. To list a community all that is needed are a few basic facts (population, Jan. temperature, housing costs, etc.), a photo, and short descriptions in various categories. Each review provides helpful information about what is special about the community, along with its cultural environment, medical, and transportation facilities. Editors at Topretirements refine the listings to insure editorial quality, which can then be edited by other Site Guides. There is no charge for the listings -- create one for your city, town, or active adult community at the site's "Add Your Community" feature (http://www.topretirements.com/index.php?title=Special:Userlogin)
Topretirements.com is a peer-reviewed online resource where baby boomers can find their perfect retirement community. One of the reasons why thousands of visitors are coming to the site is to download its free eBook, "The "Baby Boomers Guide to Choosing the Perfect Community -- 16 Factors You Need to Consider". This practical 48 page guide was co-authored by clinical psychologist, Roberta Isleib, PhD, and John Brady.
Visitors can download the Free Baby Boomer's Guide at http://www.topretirements.com/index.php?title=Ebookdownloadguest
About Topretirements.com
Topretirements features peer generated reviews in a Wikipedia-based format that encourages users to create and edit reviews of their communities. Visiting baby boomers will find objective reviews written by real people, instead of glowing advertisements for retirement communities written by marketers. To help active adults make more informed decisions the site presents a searchable database of vital facts about each retirement community such as temperatures, taxes, crime rates, cultural indices, recreational amenities, etc. Discussion Forums for each State and Community provide a venue where visitors can ask questions and give their opinions.
www.Topretirements.com -- Find your perfect retirement community!
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