Viatical settlements: a new way to nursing home private pay. From: Nursing Homes | Date: February 1, 1999| Author: Zadoff, Michael | COPYRIGHT 1999 Vendome Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Cash-strapped residents still have an option before turning to Medicaid

Viatical settlements, a financial resource for the terminally or chronically ill, have been around for more than a decade. But most people know little, if anything, about them. For residents of senior congregate living facilities, which include nursing homes, assisted living facilities and independent living communities, they can be a lifeline - the answer to their needs for immediate cash for a vari...

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	Affirming viatical settlement laws: the NAIC developed the viatical settlements model act to protect insureds and to create a transparent and fair viaticat settlements market.(Legal Insight: Regulatory/Law)(National Association of Insurance Commissioners) Best's Review ; The viatical settlements industry try was born in the 1980s in response to the AIDS crisis, when dying patients desperately needed cash to pay for expensive treatment. As AIDS became a more treatable disease, the industry expanded to include other terminal illnesses. People suffering from cancer,

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