viatical
adjective
INSURANCEuk/vaɪˈætɪkəl/usrelatingto thesaleoflifeinsurancepoliciessoldby adyingpersonto someoneelseat apricelowerthan thevalueof thepolicy:
Theviaticalinvestorpaid$80,000 for the $100,000lifeinsurancepolicy.
Examplesofviatical
viatical
As a result, theviaticalsettlement industry emerged.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Recently,viaticalsettlements have created problems for life insurance providers.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Early improper activities among a few bad actors produced a fear among consumers regardingviaticalsettlements.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This combination of events caused a surge inviaticalsettlements as both investors and viators saw an opportunity for mutual benefit.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Viaticalsettlement typically is the term used for a settlement involving an insured who is terminally or chronically ill.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Viaticalsettlements are similar but not the same as life settlements.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is the largest association ofviaticaland life settlement companies in the world, consisting of 150 members spanning five countries.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Today, many states regulateviaticaland life settlements and many more are developing legislation and regulations.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Aviaticalsettlement involves the purchase of a life insurance policy from an elderly or terminally ill policy holder.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.