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 5/2007Prominent Georgia Attorney Elected President of ABA Retirement Funds
Columbus, GA (PRWEB) January 29, 2008 -- Earle F. Lasseter, a partner and trial lawyer at Pope, McGlamry, Kilpatrick, Morrison & Norwood, LLP, a prominent Georgia law firm (http://www.pmkm.com/about.htm?utm_source=prweb&utm_medium=onlinepr&utm_campaign=01292008) specializing in civil litigation, has been elected as President of the ABA Retirement Funds (the "Fund").
The Fund is a not-for-profit corporation within the American Bar Association created specifically to provide retirement benefits to the legal community. By leveraging the ABA's size and buying power, the Fund is able to provide quality and affordable retirement solutions for lawyers and law firms of every size. The Fund currently manages in excess of $5 billion for its participants. To reach a Programs Consultant for the ABA Retirement Funds, call (877) 945-2272 or visit www.abaretirement.com.
Prior to his post as President of the ABA Retirement Funds, Lasseter had previously served as the ABA's Treasurer and General Practice Section Chairman. He has also served on the ABA's Board of Governors and for 16 years served as a member of its House of Delegates. In addition to his work with the ABA, Lasseter has served as the representative of the Chattahoochee Circuit to the Board of Governors of the State Bar of Georgia for over 12 years.
About Pope McGlamry Kilpatrick Morrison & Norwood, LLP
Pope, McGlamry, Kilpatrick, Morrison & Norwood, LLP, a Georgia law firm with offices in Atlanta and Columbus, GA, is a recognized leader in the field of civil litigation. The firm specializes in wrongful death (http://www.pmkm.com/practice_areas/wrongful-death.htm?utm_source=prweb&utm_medium=onlinepr&utm_campaign=01292008) and catastrophic injury cases, particularly those involved with products liability or motor carrier liability. The firm is also a recognized leader in commercial litigation (http://www.pmkm.com/practice_areas/commercial-litigation.htm?utm_source=prweb&utm_medium=onlinepr&utm_campaign=01292008) and class action suits, especially those related to consumer issues. The firm has offices in Atlanta and Columbus, Georgia, and maintains a regional and national practice. For additional information, visit www.pmkm.com.
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