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 5/2007New Book Guides Practitioners Through Changing Retirement Landscape
(PRWEB) November 9, 2007 -- With up to four different generations in the workforce at once, human resource practitioners face greater challenges when attempting to design retirement programs with effective incentives to attract and retain each demographic of employee.
In addition to dynamic workforce demographics, several major changes have affected the retirement plan design landscape, particularly the shift from Defined Benefit Pension Plans to Defined Contribution and Hybrid Approaches. New laws are also impacting plan design, funding and eligibility.
Guide to Qualified Retirement Plans: How-to Series for the HR Professional (http://www.worldatwork.org/waw/adim/bookstore/html/pub9781579631802.jsp), by Leonard Sanicola (http://www.worldatwork.org/waw/pressroom/html/pressroom-bio-sanicola.html), CCP, CBP, GRP, CEBS, SPHR, provides benefits specialists and human resource professionals with a basic understanding of the different types of retirement programs, along with the advantages and disadvantages of each. When designing their plan, practitioners can evaluate which categories might be appropriate to meet both the needs of the workforce, as well as their employer?s business objectives.
Guide to Qualified Retirement Plans: How-to Series for the HR Professional. Leonard Sanicola, CCP, CBP, GRP, CEBS, SPHR. WorldatWork Press. 2007. Softcover. ISBN: 978-57963-1802
$17.95 USD Member ($21.95 nonmember) | e-book: $12.95 USD Member ($15.95 nonmember)
Media may request a complimentary copy of the book by sending an email to eryan(at)worldatwork.org.
About WorldatWork®
The Total Rewards Association
WorldatWork (www.worldatwork.org (http://www.worldatwork.org/waw/home/html/home.jsp)) is an association of human resource professionals from FORTUNE 500 and other leading organizations worldwide focused on attracting, motivating and retaining employees.
Founded in 1955, WorldatWork provides practitioners with training and education to effectively design and implement strategies and practices in total rewards, including compensation, benefits, work-life, recognition, and career development. With offices in Scottsdale, Arizona and Washington, D.C., WorldatWork supports its 30,000 members and professionals in 75 countries with thought leadership, publications, research and community. WorldatWork administers certification through the WorldatWork Society of Certified Professionals.
The WorldatWork group of registered marks includes: WorldatWork®, workspan®, Certified Compensation Professional or CCP®, Certified Benefits Professional® or CBP, Global Remuneration Professional or GRP®, Work-Life Certified Professional or WLCP®, WorldatWork Society of Certified Professionals®, and Alliance for Work-Life Progress® or AWLP®.
WorldatWork Journal, WorldatWork Press and Telework Advisory Group are part of the WorldatWork family.
Press Contact:
Erin Ryan
Media Relations
WorldatWork
Phone: 480/348-7224
E-mail: eryan(at)worldatwork.org
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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