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 5/2007Blue Prairie Group Announces the Addition of New Retirement Consultant
Chicago, IL (PRWEB) January 23, 2008 -- Blue Prairie Group is pleased to announce the addition of Chris Cannova as a consultant in the company's rapidly growing retirement practice.
Chris brings nearly 20 years of human resource experience in both private sector and not-for-profit organizations with particular strengths in the areas of retirement, health and welfare plan design and administration, compensation and effective management of HRIS.
Prior to joining Blue Prairie Group, Chris was with the Archdiocese of Chicago where he helped lead major changes in employee retirement plans, oversaw the standardization of the Archdiocese payroll system, which is in use at more than 450 separate parishes and schools, and served as an internal consultant in the effective management of employee relations.
At Blue Prairie Group, Chris will continue to focus on not-for-profits and religious organizations in the areas of retirement and human resources. Blue Prairie Group's Managing Director Matt Gnabasik states, "We are excited to have Chris on board. He'll add a lot of depth to Blue Prairie Group's 403(b) and HR initiatives".
Chris holds the CEBS designation (Certified Employee Benefit Specialist) granted by the International Foundation of Employee Benefit Plans and the Wharton School of Business at the University of Pennsylvania. Chris has a Masters in Labor and Industrial Relations and a BS in Business Administration, both from the University of Illinois.
For additional information about this topic, please contact Matt Gnabasik or visit www.blueprairiegroup.com.
About Blue Prairie Group:
Blue Prairie Group is a full-service retirement, investment and human resource consulting firm. Blue Prairie Group passionately advocates full fee transparency, and offers a broad, team-based service model for both institutions and individuals.
Contact:
Matt Gnabasik, Managing Director
Blue Prairie Group
312-645-1899
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