Viatical

usgb/vaɪˈætɪkəl/
adjective

Relating to a viatical settlement, which is a financial arrangement wherein a person sells their life insurance policy for a cash payout while still alive, typically at a reduced value.

A viatical settlement can provide funds for those facing terminal illness.
Visual representation of "viatical" - Relating to a viatical settlement, which is a financial arrangement wherein a person sells their life insurance policy for a cash payout while still alive, typically at a reduced value.

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viatical settlement,viatical broker,viatical contract

Definition 1 of 2
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Financial Awareness

Understanding viatical settlements can help manage finances in tough times.

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Many individuals facing severe illness find relief through viatical settlements.
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Legal Considerations

It is important to be aware of the legal implications of viatical settlements.

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Consult a legal expert before engaging in any viatical transaction.
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Insurance Terms

Familiarizing oneself with insurance terminology is crucial for making informed decisions.

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The insurance industry has specific jargon that can be confusing.
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