viatical settlement Synonyms
No Synonyms and anytonyms found
viatical settlement Meaning
viatical settlement (n)
cash derived from sale of an insurance policy by a terminally ill policy holder
sale of an insurance policy by a terminally ill policy holder
viatical settlement Sentence Examples
- A viatical settlement is a financial arrangement where a person with a life-threatening illness sells their life insurance policy to a third party for a lump sum.
- Viatical settlements offer individuals facing terminal illnesses the opportunity to access funds from their life insurance policy before passing away.
- Investors in viatical settlements purchase life insurance policies at a discount, providing immediate cash to policyholders in need.
- The viatical settlement process involves thorough assessments, including the policyholder's health condition and life expectancy.
- Viatical settlements can be a viable option for individuals who require financial support for medical treatments and other end-of-life expenses.
- Policyholders exploring a viatical settlement should carefully consider the terms, including the amount offered and any associated fees.
- Viatical settlement providers play a crucial role in facilitating transactions and ensuring a fair and ethical process for both parties involved.
- The viatical settlement industry has evolved as a compassionate solution, helping policyholders alleviate financial burdens during challenging times.
- State regulations govern viatical settlements to protect the interests of policyholders and ensure ethical business practices.
- Individuals contemplating a viatical settlement should seek professional advice to fully understand the implications and make informed decisions about their financial future.
FAQs About the word viatical settlement
cash derived from sale of an insurance policy by a terminally ill policy holder, sale of an insurance policy by a terminally ill policy holder
No synonyms found.
No antonyms found.
A viatical settlement is a financial arrangement where a person with a life-threatening illness sells their life insurance policy to a third party for a lump sum.
Viatical settlements offer individuals facing terminal illnesses the opportunity to access funds from their life insurance policy before passing away.
Investors in viatical settlements purchase life insurance policies at a discount, providing immediate cash to policyholders in need.
The viatical settlement process involves thorough assessments, including the policyholder's health condition and life expectancy.
