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 5/2007ExpertPlan Partners With AccountantsWorld to Launch Retirement Relief 401(k) Platform
East Windsor, NJ (PRWEB) November 26, 2007 -- ExpertPlan (http://www.expertplan.com) today announced it is partnering with Hauppauge, NY-based AccountantsWorld (http://www.accountantsworld.com) to provide full service retirement solutions to accountants and their clients under the umbrella of the new AccountantsWorld Retirement Relief platform.
The platform will enable AccountantsWorld, a leading provider in web-based accounting software solutions to accountants nationwide, to offer its own fully customized Internet-based retirement product utilizing ExpertPlan's advanced recordkeeping technology.
"ExpertPlan is excited about branching out to work with the accounting sector," said Donny Sheinwald, ExpertPlan Senior Vice President, Sales & Business Development. "We look forward to helping AccountantsWorld community members nationwide provide the most high quality and cost-efficient retirement program to their clients."
AccountantsWorld is equally excited about the plan.
"AccountantsWorld has been seeking a partner to satisfy its unique requirement--to offer an integrated 401(k) plan for its Payroll Relief application and a retirement solution for its 110,000 AccountantsWorld community members," said Dr. Chandra Bhansali, President and Co-Founder of AccountantsWorld. "We chose to partner with ExpertPlan because of its focus and extensive expertise in providing retirement plans to small businesses. The synergy of this relationship will let business owners, employees, and AccountantsWorld members manage their retirement plans more effectively."
About ExpertPlan (http://expertplan.com)
ExpertPlan Inc., headquartered outside of Princeton, New Jersey, is the premier provider of private-labeled recordkeeping solutions to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies, accountants and banks that serve 401(k) and other defined contribution plans. The firm's scalable recordkeeping solution can be customized to fully integrate with a client's business and distribution models.
About AccountantsWorld (http://www.accountantsworld.com)
Based in Long Island, New York, AccountantsWorld is a 22-year veteran serving the accounting profession. For the past five years, its focus has been to develop web-based solutions that let accountants and their clients collaborate on core small business services including accounting, financial management, and payroll. As the most trusted advisors to their clients, accountants play a major role in helping their small business clients manage and grow their business. By facilitating stronger collaboration between accountants and their small business clients, AccountantsWorld is reshaping the way these clients manage their business.
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