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 5/2007DayClock Technology Offers Ideal Retirement Gift
Reno, NV (PRWEB) April 22, 2008 -- DayClocks Inc. designed and released an analog wall clock with patented technology to accurately keep track of the day of the week. The simple invention caters to a niche market and provides a helpful solution for senior citizens as well as Alzheimer's and dementia patients. The DayClock is also gaining popularity as a humorous retirement gift (http://www.dayclocks.com/) and is revolutionizing the wall clock industry with its clever and practical functions.
Designed to answer the common, "What day is it?" question, the hand on a DayClock moves continuously making a complete revolution every 168 hours or once a week. The lines dividing the days indicate midnight and the arrows above the days indicate noon.
"Our company philosophy is to live life one day at a time and our products promote the idea of the day being more important than the hour," said DayClocks founder John Kallestad. "In our society we tend to rush through every minute and the DayClock allows people to truly savor each day of life."
DayClock customers often have the freedom, flexibility and luxury to live life one day at a time and many are occupants of retirement homes, vacation homes, hotels, boats, RV's, or cruise ships.
The idea for a day clock (http://www.dayclocks.com/) came about when Kallestad, then retired, and his friend were on a dirt sailing trip and lost track of time. They knew they needed to leave on Friday but their wristwatches only told the date and time. After several beers around the campfire, the idea for DayClocks was born.
The Classic 7 Day Clock (https://www.dayclocks.com/store.asp?area=Products&categoryid=0) depicting only the day of the week, is available in rich oak and mahogany finishes and retails for $39.95. The Contemporary DayClock (https://www.dayclocks.com/store.asp?area=Products&categoryid=0) depicting both the time of day and day of the week, are available in sleek oak and silver finishes and retail for $49.95. The clocks can be purchased online at DayClocks.com or at select retailers nationwide. For more information on DayClocks, visit http://www.dayclocks.com
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