viatication Synonyms
No Synonyms and anytonyms found
viatication Meaning
viatication (n)
purchasing insurance policies for cash from terminally ill policy holders
viatication Sentence Examples
- Viatical settlements involve the purchasing of life insurance policies for cash from individuals facing terminal illnesses.
- Investors engaged in viatical settlements provide immediate financial relief to terminally ill policyholders in exchange for their life insurance policies.
- Viatical settlement companies specialize in facilitating transactions that allow policyholders to access funds before their passing.
- The viatical settlement industry has grown as a compassionate option for those seeking financial support during critical health conditions.
- Policyholders opting for viatical settlements often use the funds to cover medical expenses, enhance their quality of life, or address end-of-life needs.
- Viatical settlement providers conduct thorough assessments of policyholders' health conditions and life expectancies before entering into agreements.
- The viatical settlement process involves legal and ethical considerations to ensure transparency and fairness in these financial transactions.
- Viatical settlements offer a practical solution for policyholders who wish to convert their life insurance benefits into immediate cash for pressing needs.
- The viatical market has regulatory oversight to protect the rights of policyholders and maintain ethical standards within the industry.
- While viatical settlements provide financial relief, individuals considering this option should carefully review terms, offers, and potential tax implications.
FAQs About the word viatication
purchasing insurance policies for cash from terminally ill policy holders
No synonyms found.
No antonyms found.
Viatical settlements involve the purchasing of life insurance policies for cash from individuals facing terminal illnesses.
Investors engaged in viatical settlements provide immediate financial relief to terminally ill policyholders in exchange for their life insurance policies.
Viatical settlement companies specialize in facilitating transactions that allow policyholders to access funds before their passing.
The viatical settlement industry has grown as a compassionate option for those seeking financial support during critical health conditions.
