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 5/2007Baby Boomer, Retirement and Aging Experts Praise 'Learning Later, Living Greater'
Pelham, NY (PRWEB) November 29, 2007 -- Several noted experts in the fields of retirement, aging, brain health, and the Baby Boomers have praised the lifelong learning principles of Learning Later, Living Greater: The Secret for Making the Most of Your After-50 Years, as a new way to approach retirement (www.learninglater.com).
Ken Dychtwald, Ph.D., founder and CEO of Age Wave, and author of many books including. Age Wave, Age Power, The Power Years and Workforce Crisis says, "Learning Later, Living Greater is a terrific resource for navigating the uncharted waters of revolutionary retirement trends and lifestyles. Nancy Merz Nordstrom has written a compelling and user-friendly guide to lifelong learning and, in many ways, a complete redefinition of the after-50 years. Every Baby Boomer should grab a copy of this optimistic and helpful book."
Marc Freedman, President & Founder of Civic Ventures, the San Francisco organization dedicated to harnessing the expertise of the Baby Boomers for civic involvement, and author of Prime Time: How Baby Boomers Will Revolutionize Retirement and Transform America, and Encore: Finding Work that Matters in the Second Half of Life, says "Unlike most other books on life after 50, Learning Later, Living Greater connects the dots between lifelong learning, community service, health, and happiness. It promises to be a great help to all those who believe that they can make their greatest contributions in the second half of life."
Paul Nussbaum, Ph.D., Clinical Neuropsychologist, Adjunct Associate Professor of Neurological Surgery, University of Pittsburgh School of Medicine, International Consultant on Brain Health, and author of several books including, Brain Health for the 21st Century, says "In Learning Later, Living Greater: The Secret for Making the Most of Your After-50 Years," Nancy Merz Nordstrom has correctly championed lifelong learning as a proactive lifestyle for overall personal development and a primary factor for brain health!"
Robert Otterbourg, columnist for the Raleigh News & Observer, and author of many articles and books on the subject of retirement including, Retire & Thrive (The Kiplinger Washington Editors, Inc. 1999) says, "Becoming a student at age 50 plus is an exhilarating experience. Learning Later, Living Greater shows the nearly unlimited opportunities for those who want to broaden their retirement lifestyle."
Harry R. (Rick) Moody, Ph.D., Director of the Office of Academic Affairs for AARP, Senior Associate with the International Longevity Center-USA and Senior Fellow of Civic Ventures. and author of many books including Aging: Concepts and Controversies says, "All you need to know about learning in later life, here between two covers. Nancy Nordstrom has put it all together. Readable, comprehensive, and inspiring."
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