Viatical settlement

In general, viatical settlements are ethical. In the case of a viatical settlement, it is simply an exchange of cash today for payment in the future, although the payment depends on the death of the seller. The purchaser of the life insurance policy is bearing the risk that the insured individual will live longer than expected. Although viatical settlements are ethical, they may not be the best choice for an individual. In a Business Week article (October 31, 2005), options were examined for a 72 year old male with a life expectancy of 8 years and a $1 million dollar life insurance policy with an annual premium of $37,000. The four options were: 1) Cash the policy today for $100,000. 2) Sell the policy in a viatical settlement for $275,000. 3) Reduce the death benefit to $375,000, which would keep the policy in force for 12 years without premium payments. 4) Stop paying premiums and don’t reduce the death benefit. This will run the cash value of the policy to zero in 5 years, but the viatical settlement would be worth $475,000 at that time. If he died within 5 years, the beneficiaries would receive $1 million. Ultimately, the decision rests on the individual on what they perceive as best for themselves. The values that will affect the value of the viatical settlement are the discount rate, the face value of the policy, and the health of the individual selling the policy. Solutions to Questions and Problems NOTE: All end of chapter problems were solved using a spreadsheet.…

additional few months longer, he needs cash quick for a treatment. He owns an asset with substantial value, but he can only use it after death. How convenient for him. In 1911, the Supreme Court made it legal to sell this asset, to anyone who is willing to buy it (Grigsby v Russell… np). A life insurance policy is not commonly thought of an asset to be used while you are still alive; however, at certain times, a life insurance policy can have more value to someone while they are alive than…

Early Jamestown: Why Did So Many Colonists Die? English royalty and noblemen were very optimistic after they heavily funded the Jamestown expedition with the belief that the settlement would be a strong foundation towards the goal of colonizing the fertile lands of the Eastern Americas. Accomplishing such a daunting task meant the country potentially could have an abundant population to spread Christianity towards, discover new riches as the Spanish previously had done, and maybe uncover the…

Many people came to the New World looking for new possibilities, freedom, and a place to settle and become an established, respectable land. Starting in the early 1600’s, the Virginia Company wanted a settlement in America. The Chesapeake colonies, including Virginia and Maryland first established the town of Jamestown. “Jamestown was intended to become the core of a long-term settlement effort, creating new wealth for the London investors and recreating English society in North America”…

contacted with law enforcement or the medical examiner. Statements made can be employed in court in an attempt to place the blame on the deceased or to minimize the financial compensation to which your family is entitled. Your lawyer will assist you in determining with whom you should speak and what you should say to these people. Until you've consulted a lawyer, any lawyer, don’t discuss the matter with any authorities. 3. An additional reason to secure a lawyer immediately is to…

terrain helped farmers across the colony produce enough material to sustain themselves and the ability to trade with England, and the New England colony saw more independence from Britain than other colonies. One of the reasons for the Puritans’ success in England is because they were able to bring family members to the colony and they ventured with members of their former community. The ability to bring family members to the colony meant that women could take a larger role in society…

I appeared under the supervision of the handling attorney, Mr. Joseph C. Yrulegui, at the Mandatory Settlement Conference on April 27, 2017. Mr. Yrulegui and I were in constant communication. I arrived at the Board at approximately 1:30 p.m. and left at approximately 5:00 p.m. The applicant was present and represented by Mr. David Ibarra. Ms. Dora Canales provided the interpreting services. Ms. Annette Castanon appeared representing the interest of the Employment Development Department. This…

A few colonies and cities communities have experienced some secretive and unfathomable pasts which can't be overlooked for long. Comparative sort of history has been seen in Jamestown and Plymouth. Jamestown in Virginia was the principal lasting English settlement and Plymouth in Massachusetts being the second, with these two states English settlement in North America was begun. Jamestown was started when in 1607, the London Company was created by a group of merchants. They sent themselves onto…

allows its players to create settlements, occupations, and alliances with others that would allow the citizens within the settlements to survive. Civilization IV, also, allows its players to feel like they were actually just coming over to America because the players had to make decisions that the first colonists had to decide for themselves- without knowing what kind of consequences entailed. In the colonization game, Emily Amend and I had six thriving settlements-Jamestown, Puddin, Wifey,…

their eyes meet and then she quickly turns away and runs off. This is important because a few scenes after that Smith is about to get killed by the Algonquin’s and she saves him. If they wouldn’t have had that encounter then there is a big possibility that she wouldn’t have saved him. And if Smith wouldn’t have lived there is a big possibility that Jamestown wouldn’t have either. The next important scene that plays into the theme is the scene when Pocahontas bring them food. This was a big…