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 5/2007Web Site Targets Older Americans and People Planning Their Retirement - RetiredBrains.com Expands Information Offered
(PRWEB) May 4, 2008 -- RetiredBrains.com (www.RetiredBrains.com), a destination for older boomers, seniors and retirees expands to offer information on a wide variety of subjects of interest to older Americans.
Art Koff, a senior in his 70's, founded RetiredBrains.com in 2003. "As more seniors become Net literate our number of visitors has grown substantially" said Koff. "We have added content as well as links to make it as easy as possible for retirees and people planning their retirement to locate the kinds of information they seek most often" he went on to say.
The site includes a free job board connecting older workers with employers interested in hiring them. Americans planning retirement and retirees can connect with employers seeking seniors & retirees or post their resume both at no charge. Employers can search tens of thousands of resumes in the data base or post a position targeting older more experienced candidates for full-time, part-time or temporary jobs or project assignments,.
A survey of visitors revealed the kinds of information they were having difficulty finding. "There was substantial interest in locating authoritative sites providing more in depth information," said Koff. As a result, RetiredBrains now provides information and also links to up to date background in areas like memory loss, arthritis pain, estate planning, senior travel, prescription drugs, volunteering, insurance, identity theft and much more.
About RetiredBrains.com
The RetiredBrains suite of sites is owned by Retired Brains LLC with offices in Chicago and powered by Beyond.com located in King of Prussia, PA. Starting as a free job board for older workers the site has grown into a major destination for people planning their retirement, seniors, retirees and those having responsibility for parents and grandparents who are seeking information.
For more information contact Art Koff, Founder artkoff @ yahoo.com
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