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 5/2007President Announces Retirement from Rideau Recognition
Montreal, Quebec and New York, NY (PRWeb) March 24, 2007 -- Rideau Recognition Solutions, Inc., North America's leading provider of Web-based recognition, loyalty and incentive based solutions programs, announced the planned retirement of Cameron Ferguson. Cam has been President of the company since 1982. Cam's vision and leadership have propelled Rideau in becoming one of the fastest growing recognition companies in Canada.
Having worked with Rideau for 38 years, Cam has extensive experience in the awards industry. With a background in manufacturing, marketing and administration, his skill and expertise has helped direct Rideau in providing service recognition programs, corporate products and performance award programs. While the retirement will take place at the end of April this year, Cam plans to remain a part of Rideau's future by retaining his seat on Rideau's Board of Directors.
"As each day passes and the last date starts to get closer I have many mixed emotions. While I am excited and happy to start the next phase in my life, I know that I am going to really miss each and everyone of you here at our Rideau Family" Ferguson said. "Gilles Michaud and Jonathan Hart will be assuming my responsibilities and I am confident that they will make the transition as seamless as possible. It has been an honor and a pleasure to have been here at Rideau with you each day."
Rideau employees will always remember his down to earth personality, open door policy and belief that all employees contributed to the success of the 'Rideau Family.'
Cam's significant contribution to Rideau's success is echoed by all employees none more strongly than Rideau Chairman Emeritus, Mr. Ed Hart: "I can't say enough about Cam, during my years at Rideau, Cam was always my right-hand man, not to mention like an adopted son to me. I have always known him to dedicate himself completely to any challenge he undertakes, a trait that has been invaluable to Rideau over the years and will likely bring him much success in his new endeavors."
As for what the future holds for Rideau's retired president; he has no intention of slowing down. Plans include pursuing his long time passion for cycling at home and abroad.
About Rideau
Rideau enhances all of the relationships that impact business performance through a comprehensive suite of rewards and recognition products. Rideau's offerings include performance awards that reinforce excellent work habits and celebrate achievement and service awards that commemorate loyalty. It's a unique, bundled approach that has caught on among many of the Fortune 500 and leading HRO providers. For example, Ceridian last year became the first to include employee recognition with traditional HR services by partnering with Rideau. From RBC Financial Group to FedEx and from Lucent Technologies to Bell Canada, global businesses of all sizes use Rideau's rewards and recognition solutions to reduce turnover and engender loyalty. For more information, please go to http://www.Rideau.com or call 1.877.789.0449, extension 242.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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