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 5/2007Ideal Living Magazine Survey Reveals What Baby Boomers Want in Retirement
Wilmington, NC (PRWEB) May 7, 2008 -- More than 1,000 of Ideal Living Magazine's (formerly Living Southern Style Magazine) 330,000 readers answered a 35-question survey, via mail-in and on-line, about what they're looking for in retirement. Respondents, 77% are between 45 and 65 years old, report?
- 91.5% are interested in purchasing real estate
- 63.2% are interested in learning more about "green" products
- 94% say being close to a major medical center is important
- 86.3% report walking as their recreational activity of choice
- 77.9% look forward to travel in retirement
- Only 5.7% belong to social networking websites
- 91.5% get their news from television
- 46.2% Say they plan on working past retirement
Be on the lookout for our summer issue featuring:
- More Reader Survey Results
- The Top 100 Amenity Communities
- Ideal Destinations: Wilmington NC
- 21 Tips to Live "Green"
- And so much more!
Ideal Living Magazine (www.ideal-living.com) is the leading provider of information for people seeking second home, resort and retirement communities in the southeastern United States. Under it's parent company, RPI Media, Ideal Living Magazine connects planned communities with prospective buyers through publications, real estate shows, and websites. Ideal Living Magazine provides comprehensive resources for finding and comparing; golf, gated, waterfront, mountain, retirement, condominium and multi-family communities, including but not limited to press releases, direct mail, e-mail correspondence and monthly newsletters.
# # #