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 5/2007Reverse Mortgage Marketing Training System Released By Industry Veteran
Jarrettsville, MD (PRWEB) July 13, 2007 -- Reverse Mortgage Success has just announced the release of a complete training and marketing system for loan officers, mortgage brokers and mortgage companies that want to originate reverse mortgages. Reverse mortgages are a hot item today largely due to the desire of most seniors to stay in their home for as long as possible. The demand for reverse mortgage originators is expected to grow over the next several years and the company's founder, Sue Haviland, a 20+ year veteran of the mortgage industry, says, "This system gives mortgage originators the tools and resources to position themselves as the local expert on reverse mortgages."
It is widely reported that seniors are the fastest growing segment of the population and that they are going to have a huge impact on the economy and put further demand on already strained programs such as Medicare and Medicaid. Bankruptcy filings among seniors are increasing and many are using credit cards just to meet their monthly obligations. The reverse mortgage can be the perfect answer for many of these seniors, and the program has seen exponential growth over the last several years.
The Reverse Mortgage (http://www.reversemortgagesuccess.com) Success system was developed to provide the training, marketing and ongoing support that was lacking within the industry. One Reverse Mortgage Success member, Linda Ballard, from Boise, Idaho writes, "I had never been able to find all the information I needed in one place. Your system provides everything I need to fully understand reverse mortgages. I work with Jessika Ondrick, President of Security Funding Home Loans, and I cannot thank her enough for investing in your system."
The Reverse Mortgage Success system is a multi-pronged approach to reverse mortgage origination and marketing, and includes access to a Members Only section of the website, providing the latest updates and strategies. Ongoing teleclasses as well as one-on-one consultations with Sue Haviland are offered as well.
Sue Haviland is a Certified Senior Advisor and still originates reverse mortgages every day. She can be reached at 410-838-3004. Sue is available for training and presentations. The Reverse Mortgage Success system can be viewed at http://www.reversemortgagesuccess.com/letter and Sue offers a Free 7 part mini-course at http://www.reversemortgagesuccess.com .
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