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viatical settlement::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | viaticus settlement |
| Type of | liquidation, settlement |
viatical settlement::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | advance death benefit |
Examples of viatical settlement
viatical settlement
Life Partners Holdings Inc., of Waco, Texas, is a so-called viatical settlement company.
From the bloomberg.com
Simply put, a viatical settlement is like betting that a person will die in the near future.
From the denverpost.com
A viatical settlement involves the purchase of a life insurance policy from an elderly or terminally ill policy holder.
From the en.wikipedia.org
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.
From the time.com
Under HIPAA the receipt of a viatical settlement-cash paid to someone who is terminally ill who sells his or her life insurance policy-is tax free.
From the forbes.com
In a viatical settlement, a person with a terminal disease sells his or her life insurance policy at a discount from its face value in exchange for ready cash.
From the denverpost.com
The less well-known option of selling to a viatical-settlement company can bring much greater rewards, sometimes three to five times the cash value the insurance company offers.
From the dispatchpolitics.com
