What Does Viatical Mean
Adjective. of or Relating to a Viaticum. of or Relating to a Financial Transaction in Which a Company Buys Life Insurance Policies from the Terminally Ill at...
adjective. of or relating to a viaticum. of or relating to a financial transaction in which a company buys life insurance policies from the terminally ill at less than their face value and may sell the policies to investors: viatical settlements.
What does the word viatical mean?
adjective. of or relating to a viaticum. of or relating to a financial transaction in which a company buys life insurance policies from the terminally ill at less than their face value and may sell the policies to investors: viatical settlements.
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What is the difference between a life settlement and a viatical?
A viatical settlement is the sale of an existing life insurance policy at a discount from its value for cash. … A life settlement is a trade between the policyholder and the purchaser. This type of settlement is designed for those with longer life expectancies.
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