viatical settlement
viatical settlement · viatical settlements
The sale of an already existing life insurance policy for more than its surrender…The sale of an already existing life insurance policy for more than its surrender value to a third party investor.
Meaning
1 sensesThe sale of an already existing life insurance policy for more than its surrender value to a third party investor.
sale of an insurance policy by a terminally ill policy holder
Forms
plural: viatical settlements| Singular | viatical settlement |
|---|---|
| Plural | viatical settlements |
regular
Synonyms
2 synonymsClose in meaning
- sale of an insurance policy by a terminally ill policy holder:viaticus settlement