viatical settlement viatical settlement

Definition(s):

  1. (n) cash derived from sale of an insurance policy by a terminally ill policy holder
  2. (n) sale of an insurance policy by a terminally ill policy holder

Usage(s):

  • A few months ago, he received the funding for his viatical settlement, which handed him $58,500, or roughly 40% of his $150,000 policy.
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fathom fathom
/ˈfæ ðəm /