[TruthShallSetYouFree]

Since the healthcare law will cause many people to drop their coverage due to its high cost, alternative means of financing their remaining years may become more prevalent. A viatical settlement is not an inherently bad deal, but companies that have offered them have tended to be on the shady side. Here is a decade-old link on FreeRepublic that goes into some detail about the practice:

Link

Like reverse mortgages, variable annuities and virtually all financial transactions, the devil is in the details. If someone is diagnosed with pancreatic cancer and told he has less than six months to live, selling the proceeds of his life insurance policy in order to obtain money for palliative care is a decent idea. Of course, it depends upon the price. If the company offers him $25,000 for his $100,000 policy, it’s a bad deal. A fair price might be $90,000, which would make the company a healthy 10000/90000 rate of return, equal to 11.11% profit. If the poor fellow only lasts the predicted six months, the annualized profit would be twice that.

[TruthShallSetYouFree]

I’d love to see some homework on this cold and rainy last day of April.

[xsmommy]

Teachers who have deviated from the viatical path of Catholicism should teach elsewhere, and not at a Catholic school. If you don't like the rules of a particular club, go start your own.

[MrB]

Hmmm... blue pills... sabbatical... viatical!

[afraidfortherepublic]

Wow! What a wide ranging list of definitions!

[Texan5]

It is breezy, sunny and 67-a lovely Spring day, but a bit cool for nearly May-it was 46 last night...

Since Obamacare appears to be
Poison in the healthcare stew
Soon lawyers will be filing
Suits for more than a few

Viatical settlement solutions
Won’t be so attractive then-
Lawsuit reform was ignored,
So it is cash-cow time again

No reason to get money for care
When people die waiting in line-
Relatives filing for negligence
Will say a few million is fine...

I hadn’t thought of that until the electrician I work with started talking about it-his brother is an attorney...

[MoochPooch]

Viatical mental illness (either the 1st step or confirmation):

http://www.freerepublic.com/focus/f-chat/3150410/posts