Viatical settlement
id:
viatical-settlement-237-8471906
title:
Viatical settlement
text:
A viatical settlement is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. Such a sale provides the policy owner with a lump sum. The third party becomes the new owner of the policy, pays the monthly premiums, and receives the full benefit of the policy when the insured dies. Viatical settlements are ordinarily sold by, or on behalf of, an insured who is terminally or chronically ill. As medic
brand slug:
wiki
category slug:
encyclopedia
description:
Sale of an existing life insurance policy to a third party
original url:
https://en.wikipedia.org/wiki/Viatical_settlement
date created:
date modified:
2024-02-09T11:04:01Z
main entity:
{"identifier":"Q7924540","url":"https://www.wikidata.org/entity/Q7924540"}
image:
fields total:
13
integrity:
14