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 5/2007Horizon Wealth Management in Business Week's July 9, 2007 Annual Retirement Issue
Baton Rouge, LA (PRWEB) July 16, 2007 -- Horizon Wealth Management Partner Pete Bush, CFP®, was featured in the July 9, 2007 Annual Retirement Guide of Business Week in an article titled, "Who'll Coddle Your Nest Egg?"
Commenting on being in the magazine, Pete Bush said, "Horizon Wealth Management is beginning to gain national attention as a leading source on 401(k) solutions, and for its expertise in providing financial services to professional athletes, business owners and other successful individuals. We are pleased that the national media, in addition to our local press, relies on our ideas and insight to help their readers better manage their finances for retirement."
Horizon Wealth Management, LLC, a Baton Rouge-based independent financial advisory firm, specializes in customized, high-level financial advice for business owners, professionals, successful individuals and professional athletes. The group has affiliated offices in North Carolina, Florida, Ohio and Tennessee. Please visit www.horizonfg.com for more information.
Business Week magazine is published weekly by McGraw-Hill Companies for business executives, to keep them informed about important news affecting the business community in the U.S. and abroad. The magazine has a circulation of one million. For more information and to view the article, go to www.businessweek.com.
The article featuring Pete Bush can be found at: http://www.businessweek.com/magazine/content/07_28/b4042402.htm?chan=search
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