Meaning Of The Word Viatical settlement

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What's the definition of Viatical settlement? Find Viatical settlement meanings, definitions and more at the Real Dictionary online.

Viatical settlement Meaning

Viatical settlement Definition
Viatical settlement Definition

What's The Definition Of Viatical settlement?

viatical settlement in British English
noun: the purchase by a charity of a life assurance policy owned by a person with only a short time to live, to enable that person to use the proceeds during his or her lifetime

viatical settlement in Insurance
noun: In a viatical settlement, a third party buys a life insurance policy owned by a person with only a short time to live, so that the person can use the proceeds during their lifetime.

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