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 5/2007Baby Boomers and Retirement: Topretirements.com Offers Free eBook - "Baby Boomers' Guide to Choosing a Retirement Community"
Madison, CT (PRWeb) December 13, 2006 -- Ready or not, the nation's 76 million baby boomers are starting to consider where to retire and what type of retirement community to choose. To help make that process more fun, and to celebrate the launch of its new website, www.Topretirements.com is giving baby boomers a free download of its new eBook.
"The "Baby Boomers Guide to Choosing the Perfect Community - 16 Factors You Need to Consider" is a practical 48 page guide co-authored by clinical psychologist, Roberta Isleib, PhD, and John Brady, human resources expert. It features brief and lively explorations of the 16 factors that need to be considered. Those include: finances, climate, family, a mixed generation vs. 55 plus active adult community, spousal compatibility, work and volunteering, year round vs. seasonal issues, as well as when to stay in place, rather than move. The book features checklists, exercises, and an Action Plan to help baby boomers assess their own interests and preferences and make the best retirement community decision. A special section reviews 10 new and unusual communities that can make baby boomers' retirement a different experience than it was for their parents.
Visitors can download the Free Baby Boomers Guide at www.Topretirements.com
About Topretirements.com
www.Topretirements.com features peer generated content in a Wikipedia-based format that encourages users to create and edit reviews of their communities. Visiting baby boomers will find objective reviews written by real people, instead of glowing advertisements for retirement communities written by marketers. The site presents a database of vital facts about each retirement community such as January temperatures, taxes, crime rates, cultural indices, recreational amenities, etc. to help active adults make more informed decisions. Discussion Forums for each State and Community provide a venue where visitors can ask questions and give their opinions.
www.Topretirements.com - Find your perfect retirement community!
For more information:
Contact: John Brady
203 415-4792
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