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viatical settlement

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viatical settlement

Arrangement by which a terminally ill patient's life-insurance policy is sold to provide funds while the insured (viator) is living. The buyer (funder), usually an investment company, pays the patient a lump sum of 50–80% of the policy's face value, pays the premiums until the patient dies, and receives the death benefit. Viatical settlements (from Latin viaticum, “provisions for a journey”) appeared in the 1980s, when people with AIDS had high medical bills and policies nominally sufficient to cover them but whose funds would not be available until they died.
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com FIEDLER FINANCIAL, VIATICAL SETTLEMENT CONSULTING & BROKERAGE 800-905-0114 / www.
Life settlements source list by Senior Market Advisor
The viatical settlement business developed in the 1980s and 1990s as AIDS patients and other terminally ill patients sold their life insurance policies as a way to pay for their health care.
Money for your life (insurance): selling a policy for cash is not as ... by Morton, Heather / State Legislatures
As the court explained, the act managed and controlled the relationship between insurer and insured, and did not address the relationship between viatical settlement providers and their investors.
Affirming viatical settlement laws: the NAIC developed the viatical ... by Darras, Frank N. / Best's Review
 
 
 
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