BUSINESS WIRE - 44 Montgomery St, 39th Floor, San Francisco, CA 94104; Tel: (415) 986-4422; FAX: (415) 788-5335 - Friday, 4 April 1997.
Viatical companies provide accelerated life insurance settlements for terminally ill individuals and have been operating in Florida for more than eight years. Last year, working with industry representatives, the Florida Department of Insurance started regulating the industry by requiring existing companies to apply for licensing. After applying last November, Page & Associates Thursday was issued the first license.
"We believe this is a giant step for our industry and our company," said Scott Page, president of Page & Associates. "Florida now officially acknowledges our industry as a bona-fide player in personal finance, and we are proud that our company was the first to be recognized."
Individuals diagnosed with terminal illnesses can sell their life insurance policies before they die for a percentage of the policy's total value. This settlement money is often used to pay for medical expenses, housing and other needs.
Page & Associates is a national viatical company which provides accelerated life insurance settlements, financial advice and medical benefits to the terminally ill. Established in 1989, Page & Associates was one of the first viatical settlement companies in the United States.
CONTACT: Rubin Barney & Birger, Coral Gables, Fla. John P. David, 305/448-7450
Copyright (c) 1997/BUSINESS WIRE. Reproduced with permission. Reproduction of this article (other than one copy for personal reference) must be cleared through the Permissions Desk, Business Wire, 1185 Avenue of the Americas, 3rd Floor, New York, NY 10036; Tel: (212) 575-8822; FAX: (212) 575-1854.
970404
BW970407
ÆGIS is made possible through unrestricted grants from Boehringer Ingelheim, iMetrikus, Inc., John M. Lloyd Foundation, the National Library of Medicine, and donations from users like you. Always watch for outdated information. This article first appeared in 1997. This material is designed to support, not replace, the relationship that exists between you and your doctor.
ÆGiS presents published material, reprinted with permission and neither endorses nor opposes any material. All information contained on this website, including information relating to health conditions, products, and treatments, is for informational purposes only. It is often presented in summary or aggregate form. It is not meant to be a substitute for the advice provided by your own physician or other medical professionals. Always discuss treatment options with a doctor who specializes in treating HIV.
Copyright ©1980, 2003. AEGiS. All materials appearing on ÆGiS are protected by copyright as a collective work or compilation under U.S. copyright and other laws and are the property of ÆGiS, or the party credited as the provider of the content.