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 5/2007Family Care Homes LLC Has Just Completed a New Study That Reveals That Residential Assisted Living is About to Explode
(PRWEB) April 3, 2008 -- The Baby Booming industry of Residential Assisted Living is about to explode, according to a recent study conducted by Family Care Homes LLC. The aging Population is the fastest growing segment in America. 77 million Baby boomers will began retiring in 2012.
Family Care Homes LLC has done an exhaustive study of the state of its industry. This industry is one of the most popular and steadily growing industries in the United States.
According to the study, it presents an ever-increasing market, a very healthy bottom line, and excellent opportunities for growth. The outside world demands commitments and services geared toward helping people with disabilities age gracefully-because they will always be necessary. The timing of this business is at hand and the ideal time to be on the move in this ever-growing market.
"At the same time, there is a classic aspect to this industry that is timeless. To this extent the industry is safe and secure from the negative threats posed by changing market trends in other industries," said Vern Crews, Chief Executive Member Family Care Homes LLC. "The need for Assistance as we age is not likely to change in the foreseeable future. People will always need and love good quality care."
For additional information on the news that is the subject of this release contact Vern Crews.
About Family Care Homes LLC:
With in 18 years in business, Vern Crews has located, renovated, managed, and lived on site. Five homes total, three for Crews and two for other families. Crews has developed an operations manual and used this successful system in all homes.
Contact:
Vern Crews
Chief Executive Member Family Care Homes LLC
(303) 237-1536
vrncrew @ yahoo.com
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