Holding a master’s degree in environmental engineering from the Georgia Institute of Technology, Eugene E. Houchins III is the president and founder of the American Life Fund (ALF) corporation, a business that offers viatical settlement services for individuals with life-threatening illnesses such as cancer. Eugene E. Houchins III is dedicated to turning ALF into a leader in the field.
A viatical settlement is an agreement between the insured of an existing life insurance policy and a third-party company. The agreement consists of the purchase of the life insurance policy of the insured person for an immediate cash payout inferior to the death benefit, but higher than the cash surrender value. The third-party company then becomes the new life insurance policyholder, while the insured receives the lump sum cash payout.
To apply for a viatical settlement with ALF, the insured person can start by estimating the value of his or her policy, which will vary depending on the age, gender, type and stage of illness, and value of life insurance plan. Then, the applicant can download the application forms, fill them out, and send them to the company via email, FedEx, mail or fax.
After the forms are received, the applicant will speak with a financial counselor who will explain more about how the process of a viatical settlement works. Depending on the policyholder’s resident location, they may be referred to a licensed person or entity in that particular state. ALF always recommends that the insured contact both his or her legal and accounting representative prior to entering into this type of transaction and discussing alternatives with a licensed life insurance agent or life settlement broker.
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.
As the president and founder of American Life Fund Corporation in Atlanta, Georgia, Eugene E. Houchins III enables clients to cash in their life insurance policies to handle emergencies such as serious illnesses. As a professional interest, Eugene E. Houchins III keeps up with the latest cancer research.
New treatments are being explored for one type of cancer, melanoma (skin cancer). Selected patients are now benefiting from developments in immunotherapy, which can be used to turn the body’s natural defenses against cancer. One such method is adoptive cell transfer (ACT).
The ACT procedure begins when doctors remove a tissue sample from the melanoma, looking for a type of white cell known as a T-cell, which may be altered to increase its cancer-fighting ability. Doctors then allow the T-cells to multiply and inject them back into the patient’s system, often adding radiation or chemotherapy to enhance their chances of success.
In clinical trials, ACT has been given to persons who have advanced melanoma. Although the treatment has side effects, researchers are hoping that ACT will shrink cancerous cells, hinder their reproduction, and prevent them from spreading.
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.
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