The Difference between a Viatical Settlement and a Life Settlement

The founder and president of American Life Fund Corp. in Atlanta, Georgia, Eugene E. Houchins III oversees a firm that assists clients with the liquidation of existing life insurance policies. Eugene E. Houchins III specializes in helping his clients understand the viatical settlement process, which can sometimes be rather complicated.

Viatical settlements and life settlements are the two most commonly used terms associated with the sale of existing life insurance policies. Viatical settlements and life settlements are slightly different, and policyholders should know what each type of settlement entails.

A viatical settlement is executed when an individual suffering from a chronic or terminal illness wishes to sell his or her life insurance policy, typically to pay for medical expenses while he or she is still alive.

A life settlement is used by relatively healthy seniors who have a longer life expectancy. Money from a life settlement allows policyholders and beneficiaries to spend their money any way they like and not necessarily for medical expenses.

Tips on How to Get Recruited by a College Football Team

Football training Photo by Riley McCullough on Unsplash
Football training Photo by Riley McCullough on Unsplash

A resident of Alpharetta, Georgia, Eugene E. Houchins III is a respected and accomplished entrepreneur, founder, and president of American Life Fund Corp. His extensive industry experience has helped him provide coordinated and client-driven services. A civil engineering graduate from Auburn University, Eugene E. Houchins III spent the first part of his career in the oil and gas industry before realizing he could make a bigger impact in the insurance industry. He also worked as a coach, and is college football fan. 

Football is a popular and attractive sport for talented players who are keen to be recruited by college teams. To increase the chances of being recruited by college football teams, there are a few simple but effective tips that make the recruiting process easier.

1. Making a good highlight tape or video helps college coaches make an accurate assessment of a player’s potential, and gives them an advantage over their competitors. The video should be professional and focus on some of the athlete’s best plays. 

2. Excellence in academics is key for players, as good grades make a student more attractive to a college coach. In addition, many college athletics programs place a lot of emphasis on good grades. 

3. Early preparation involves students beginning to think early about where they would want to play, and what colleges are the best fits for their talents. Players should be proactive and begin their searches early. 

4. Players should be honest in their assessments and explore all divisions to determine where they can fit best. Not every athlete can play in Division I, but the good news is that there are plenty of opportunities in other divisions as well.