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 5/2007Blog Offers a Look inside the NAFA Retirement Industry Conference
Park City, UT (PRWEB) April 9, 2008 -- The National Association for Fixed Annuities (NAFA) and Insurance Insight Group, a platinum sponsor at the event, have teamed up to launch a blog site that will feature news, commentary, interviews with speakers and attendees, and additional insights live from the Retirement Industry Conference. Visit the blog site at www.RetirementIndustryConference.com.
More than 550 insurance industry executives and other industry representatives will attend the Retirement Industry Conference in Las Vegas, April 9-11, at Caesars Palace in Las Vegas. "Those attending the event, along with those who are unable to attend, can receive live updates from this new blog that is being launched specifically for the conference," said Kim O'Brien, NAFA's president.
"We are happy to be in a position to assist NAFA by providing a forum for individuals to interact with one another on topics discussed during the conference and to have a platform to continue those interactions even after the conference has ended," commented Mark Stone, Principal and Marketing Strategist, Insurance Insight Group. The conference will look at issues and trends in the insurance industry, including: annuity product design and distribution; legislation initiatives; market conduct and best practices in annuity sales; and marketing to multicultural consumer segments.
The conference is sponsored by LIMRA, LOMA, Society of Actuaries and NAFA. The Retirement Industry Conference offers insight on annuities, retirement plans and retirement income for industry professionals. For more information, visit http://www.loma.org/retirementconference.asp.
###