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 Glossary   >   V   >   "Viatical Settlement" Definition   

        Viatical Settlement

An arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. The buyer cashes in the full amount of the policy when the original owner dies

Viatical Settlement


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Viatical Settlement - An arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. The buyer cashes in the full amount of the policy when the original owner dies


Viatical Settlement : an arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. the buyer cashes in the full amount of the policy when the original owner dies