Financial help for terminally ill
Article Abstract:
A viatical settlement provides a means for terminally ill individuals to turn their life insurance policies into cash by selling them to investors. After the policyholder's death, these investors become the beneficiaries of the policy. With viatical settlements, it is no longer necessary for the terminally ill to spend down their assets to about $2,000 and to live in poverty with a monthly income of $650 just to qualify for means-based entitlements such as Medicaid and Supplemental Security Income. This financing plan was developed to afford dignity and choice to the dying in the final months of their lives. Human resources practitioners counselling terminally ill employees regarding viatical settlements need to focus on several issues, including the importance of responding in a timely manner, the tax consequences of purchasing a life insurance policy and the changes needed to make policies saleable.
Publication Name: Personnel Journal
Subject: Human resources and labor relations
ISSN: 0031-5745
Year: 1993
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Financial innovation and the development of reverse mortgage programs
Article Abstract:
Reverse mortgage programs provide the elderly with a means to address their financial concerns. These involve home equity conversions which allow the elderly to avail of equity without relinquishing the ownership of their homes. However, reverse mortgages may result in less future equity which may restrict future borrowing or movement to another place. They also entail high startup costs since more risks are involved. Meanwhile, improvements in reverse mortgage programs have enabled lenders to minimize risks and offer aged homeowners better choices for helping them cope with their finances.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1993
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Underwater cameras and poolside sensors help lifeguards save lives
Article Abstract:
Pointsource Technology's underwater HighVision cameras can be installed in most lighting niches, but custom housings are also available. It is possible to run up to eight cameras from a single system, which also has a dedicated input and output for a video recorder. There is a separate output for an extension monitor or display. The cameras are linked to poolside monitors operating at 110 volts. Pointsource also offers the LiteGuard system, which gives unattended security for domestic and commercial swimming pools.
Publication Name: Health & Safety at Work
Subject: Human resources and labor relations
ISSN: 0141-8246
Year: 1997
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