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 5/2007With Grandparents Day and National Assisted Living Week Approaching, Book Offers Advice
Austin, TX (PRWEB) September 7, 2007 -- In their book, Effective Elder Caregiving, Barbara Rothschild Allen & Lauren Barrett show you how to better care for and communicate with the seniors around you. The book is for siblings taking care of parents, elderly spouses caring for each other, and friends nursing aging neighbors. A caregiver may not know what to do and may not be able to do it all himself. In the book are options, tips and best practices. Effective Elder Caregiving also addresses choosing a professional caregiver and is helpful to those considering caregiving as a career.
Effective Elder Caregiving:
A How-To Guide for Primary and Employed Caregivers
(Special Delivery Books, paper, $14.95, ISBN 1-932196-98-6)
by Barbara Rothschild Allen & Lauren Barrett
www.effectiveeldercaregiving.com
"?an excellent roadmap for family caregivers?with practical tips on asking for help, navigating resource systems, and managing the physical, emotional and financial impacts of family caregiving. Individuals new to caregiving will find this book helpful and inspiring."
-Patricia Bordie, Program Manager, Capital Area Agency on Aging, Central Texas
About The Authors
Barbara Rothschild Allen is a retired psychology professor from Louisiana State University at Alexandria. She is co-author of Adolescence: Transition from Childhood to Maturity, and the recipient of two National Science Foundation grants. Lauren Barrett is an elder care coordinator with a B.S. in Biology from Virginia Tech. Both authors live in Austin, Texas and are experienced caregivers.
For more information:
www.effectiveeldercaregiving.com
Media contact:
Stephanie Barko, Literary Publicist
steffercat(at)austin.rr.com
512-291-6188
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