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 5/2007Allegro Housing - Redefining Senior Retirement Homes in Canada
Montreal, Quebec, Canada (PRWEB) November 8, 2007 -- The Allegro network is a national development and property management company specializing in senior housing residences (http://www.residencesallegro.com). The Allegro network comprises of 40 residences throughout Quebec, Ontario, British Columbia and Alberta. This translates into some 6,700 apartments and suites, and more than 2,000 caring employees dedicated to the comfort and well-being of 7,600 residents.
Many of the senior apartments and senior housing (http://www.residencesallegro.com) options available to most people through many of the public health departments responsible for assisted living either do not have sufficient room to offer proper senior residences; or, there are long lists to get into many of the nicer retirement housing.
All the services entirely dedicated to Allegro Network private senior apartments and retirement residences (http://www.residencesallegro.com) are fine tuned to greet each guest with the most revered attention paid to each needs their guest's present. The daily activities include delicious, fresh with a variety of meal choices to please any pallet. The client needs are of the utmost importance to ensure they will feel right at home in the spacious and comfortable in any one of the many senior apartments.
Personal Care:
The caring and professional staff is always ready to attend to any of their guests needs. The many different services allow each guest to feel entirely at home with many lifestyle, dining and leisure activities. Unparalleled Comfort Each of the many senior residences offers each client the most comfortable and spacious retirement residences. The dining area facilities are extremely inviting and each of the common rooms are both attractive and well-equipped.
Each residence offer a comprehensive range of health services, including medical visits on regular intervals. Many of the 40 senior residences in Canada have on-site nurses and pharmacists and some even have temporary care units for those seniors requiring special attention for their medical needs.
Day or night, they are there to help. One of the other security measures is the receptionist desk located in each of Allegro Network's 40 senior residences. This adds an enhanced level of security as access to the facility is controlled. No one can come into the residences without getting past the secured receptionist desk.
Some of the facilities also offer an extra level of security with a security monitoring system as well as emergency power generators. There is no reason to feel insecure in one of the most secure retirement residences in Canada (http://www.residencesallegro.com).
Activities:
The variety of recreational activities offered to each resident include: exercise facilities, game, billiards, television room, library and pool. There are many entertainment venues to keep you moving and playing each and every door.
The Allegro network comprises of 40 residences throughout Quebec, Ontario, British Columbia and Alberta. This translates into some 6,700 apartments and suites, and more than 2,000 caring employees dedicated to the comfort and well-being of our 7,600 residents.
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