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 5/2007Phillip Wasserman Begins Television Series of Shows on Annuities, Life Insurance and Retirement Income Planing
SARASOTA, Fla. (Business Wire EON) October 30, 2007 -- The shows are one hour long, and have been running weekends in Palm Beach on WDHT, the nation's first high definition station, and in Sarasota, Florida on ABC 7 weekdays. Future shows will feature guest speakers on subjects as diverse as reverse mortgages, long term care and other items of interest to the boomer generation.
Initial reaction to the series of shows has been outstanding, with Phillip Wasserman receiving an unbelievable amount of calls and emails requesting more information on the topics discussed.
Phillip Wasserman is president of Phillip Roy Financial Services, one of the nation's largest sellers of annuities and life insurance with over eight hundred representatives nationwide. Plans are in the works for representatives in various markets nationwide to speak on the show in the future so they may run them in their home markets.
The next market that the shows will run on will be in Ft. Myers and Naples, Florida, with a date to be announced. DVD copies of existing shows are available by request.
For information contact Phillip Wasserman at 888-225-8161.