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Vocabulary Entry
viatical
|adjective • noun
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A
adjective
Relating to the purchase or sale of a life insurance policy at a discount.
Example Sentences
"The viatical settlement allowed the policyholder to access funds while still alive."
"Investors often seek viatical opportunities to profit from the insurance market."
"He decided to enter the viatical markets, hoping to help those in need."
N
noun
A financial agreement in which a life insurance policy is sold for less than its face value.
Example Sentences
"She received a viatical from the insurance company after selling her policy."
"The viatical enabled him to pay his medical bills before his passing."
"Many families turn to viaticals as a way to alleviate financial strain during illness."