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 5/2007Sunwest Management Recognized as 'Best Retirement Home'
Salem, Oregon (PRWEB) March 20th, 2008 -- The Carriage Inn, an independent living community located in Portland, Texas, the "Gem of the Gulf Coast" has been recognized as the "Best Retirement Home" by the readers of the Aransas Pass Progress and Ingleside Index. The Carriage Inn has 35 apartments and cottages, and is located on two beautiful bays just across the bridge from Corpus Christi.
In the Pacific Northwest, Chesterley Meadows has been recognized as the most outstanding assisted living facility for 2007 in Yakima, Washington by the Yakima Valley Business Journal. Chesterley Meadows has 70 apartments for residents, and is nestled in the heart of the Yakima Valley in central Washington.
Sunwest Management, Inc. (www.SunwestManagement.com) is a Salem, Oregon based company founded in 1991 to provide professional management services for assisted living, retirement and memory care communities throughout North America. As a national leader in senior housing, Sunwest Management has a commitment to honor our senior residents with a comfortable, quality living experience. To contact Sunwest Management, call (503) 375-9016 or visit their web site at www.SunwestManagement.com
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