viatical (Meaning)
viatical (a)
pertaining to the purchase of insurance policies from terminally ill policy holders
Synonyms & Antonyms of viatical
No Synonyms and anytonyms found
viatical Sentence Examples
- A viatical settlement allows individuals facing terminal illnesses to sell their life insurance policies for immediate financial support.
- Investors in the viatical industry often purchase life insurance policies from policyholders in need of funds due to critical health conditions.
- Viatical settlements provide a financial lifeline for policyholders, offering them the means to cover medical expenses and improve their quality of life.
- The viatical market has grown as a compassionate option, offering a way for individuals with life-threatening illnesses to access their life insurance benefits while alive.
- Choosing a viatical settlement can be a strategic financial decision for those wanting to use their life insurance for immediate needs.
- Viatical transactions involve careful evaluation of life expectancy, ensuring fair pricing for both the policyholder and the investor.
- Viatical providers specialize in facilitating these transactions, offering guidance and support during the settlement process.
- The viatical industry emerged as a response to the financial challenges faced by individuals dealing with terminal illnesses.
- Viatical settlements have legal and ethical considerations, ensuring transparency and fairness in these financial transactions.
- The viatical option provides a dignified way for policyholders to utilize their life insurance benefits when facing challenging health circumstances.
FAQs About the word viatical
pertaining to the purchase of insurance policies from terminally ill policy holders
No synonyms found.
No antonyms found.
A viatical settlement allows individuals facing terminal illnesses to sell their life insurance policies for immediate financial support.
Investors in the viatical industry often purchase life insurance policies from policyholders in need of funds due to critical health conditions.
Viatical settlements provide a financial lifeline for policyholders, offering them the means to cover medical expenses and improve their quality of life.
The viatical market has grown as a compassionate option, offering a way for individuals with life-threatening illnesses to access their life insurance benefits while alive.
