Definitions
There are 2 meanings of the phrase
Viatical Settlement.
Viatical Settlement - as a noun
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
Synonyms (Exact Relations)
viaticus settlementExample Sentences
"He decided to cash in his life insurance policy early through a viatical settlement."
"The family used the viatical settlement funds to cover their medical expenses."
"Investors saw the potential profit in purchasing viatical settlements from terminally ill patients."
"She sought a viatical settlement to secure financial stability for her loved ones after her passing."
"The viatical settlement industry has grown significantly in recent years due to increased awareness."
