Articles & News from CharlesEdwards

CharlesEdwards' New Foundation to Give Alzheimer's Patients Financial Support
10-04-2009 1:56 am

Newport Beach, CA (October 4,2009) - Charles M. Edwards Company, Inc., parent company of national life settlement broker-CharlesEdwards, announced today that its Board of Directors approved management's plan to create the Zakeya R. Deratany Foundation.  The mission of the Zakeya R. Deratany Foundation will be to offer financial assistance to Alzheimer's patients who are in need of specialized in-home care or a memory care facility but do not have the financial means to fully pay for that care.  The proposed tax-exempt Foundation plans to fund its program through individual and corporate donors.  A dedicated source of funds will also be generated through the Company's two divisions, CharlesEdwards and Life Settlement Administrators, where a percentage of commissions earned through the sale of all clients' life insurance policies will be donated.

Zakeya R. Deratany passed away December 20, 2008 of complications brought about by the Alzheimer's disease she had been diagnosed with about 10 years prior.  During her 84 years, "Rosemary" rarely complained of her severe rheumatoid arthritis and other pain, instead, choosing to focus her smile, warmth and laughter on others who were in need of help or a kind word.

"I am very pleased with the Board's decision allowing us to move forward with the creation of the Zakeya R. Deratany Foundation," said Steven E. Tartaglini, Chairman and CEO of Charles M. Edwards Company, Inc.  "I was blessed to know Rosemary for over 34 years and I can't think of another person more selfless than she.  With her life as a model of helping strangers, struggling with pain and Alzheimer's, and the need for a quality memory care facility in her final months, it makes her the perfect namesake for the Foundation."

Trained in-home professionals and qualified memory care facilities can greatly improve the quality of care and life for Alzheimer's patients. Unfortunately, these services are often very expensive and beyond the reach of many in need of them.  The Zakeya R. Deratany Foundation hopes to partially subsidize that cost for those with a proven medical need but modest financial means.

Alzheimer's patients and their caregivers can often obtain a large source of cash through the sale of a life insurance policy, usually that of the Alzheimer's patient themselves.  Commonly referred to as a life settlement, life insurance policies are sold to large financial institutions where the privacy, safety and respect of the insured is safeguarded.  Settlements typically generate lump-sum cash settlements ranging between 10% and 50% of the policy's face value.  Those seeking more information about life settlements can contact the CharlesEdwards corporate office at 800.492.5186 or visit www.charlesmedwards.com.


About Alzheimer's Disease

According to the Alzheimer's Association, as many as 5.3 million people in the United States are living with Alzheimer's.  "With the country facing unprecedented economic challenges and a rapidly aging baby boomer population, now is the time to address the burgeoning Alzheimer crisis that triples health care costs for Americans age 65 and over," said Harry Johns, Alzheimer's Association CEO.  For more information on Alzheimer's, see the 2009 Alzheimer's Disease Facts and Figures.

 

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About Charles M. Edwards Company, Inc.

Charles M. Edwards Company, Inc. has been in the life settlement industry since late 2005.  Headquartered in Newport Beach, California, it currently operates two divisions:  CharlesEdwards, the trusted name in life settlements, a national life settlement broker representing policy owners in the preparation, submission, and negotiation of all offers received in connection with the sale of their life insurance policies between $200,000 and $50 million (www.charlesmedwards.com); and Life Settlement Administrators (LSA) (www.lifesettlementadmin.com), a turnkey platform that enables insurance, financial, and legal professionals to quickly and inexpensively establish themselves as independent life settlement brokers.


CharlesEdwards and the trusted name in life settlements are registered trademarks of Charles M. Edwards Company, Inc.

 

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