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 5/2007A Free Seminar For Veterans & Spouses - How To Reduce Your Cost of Assisted Living with the Veteran's Advantage Program
(PRWEB) July 5, 2007 -- A seminar titled, "The Veteran's Advantage Program - A Benefit for Seniors" is being held Wednesday, July 18th 2007 from 10:00 am until 11:00 am at Mount Royal Towers Retirement Community.
This free educational seminar will feature speaker Melissa Green, Veteran's Advantage Coordinator for Health Care Group, who will educate seniors on The Veterans Advantage Program - how can it help you, how you qualify for financial assistance from the VA, and how much financial assistance is available.
The seminar will be held at the retirement community and will include the opportunity for questions and answers following the seminar. In addition, the free seminar will offer valet parking and refreshments.
The free community forum will take place at Mount Royal Towers Retirement Community in the Town Hall Community Room at 300 Royal Tower Drive in Vestavia Hills, from 10:00 am until 11:00 am on Wednesday, July 18th, 2007. Refreshments will be served following the seminar.
For more information regarding the seminar, please contact Mount Royal Towers at 870-5666.
For additional information on Mount Royal Towers and Health Care Group, please log on to www.healthcaregrp.com.
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