viatical

IPA: vaɪˈætɪkʌɫ

adjective

Of or pertaining to a journey; viatic.
Of or pertaining to a life insurance policy held by someone who is dying, or to the sale of such a policy.

Examples of "viatical" in Sentences

This type of transaction is called a viatical life settlement.
I thought they were already doint this with viatical settlements?
It is, if you invest in a life insurance product called a viatical.
As he looks into the circumstances surrounding the death, he learns about viatical settlements.
Patients needed money for treatment and viatical settlements provided the perfect vehicle for that.
As the residents aged, as the Hillside Home began to market itself to a sicker population, Gary used the band's appearances to evaluate acquisitions for his brother's viatical funds.
Enter Jesse Bogdonoff, an American employee at the bank who convinced the king to invest the money in a pool of insurance backed investments called viatical contracts, managed by Millennium Asset Management.
Investor funds collected by American Benefits were forwarded to another viatical (death futures) settlement company, Financial Federated Title & Trust, which spent only $6 million to buy interests in actual life insurance policies.
If you Google the words "viatical" and "scam" or "viatical" and "fraud," you'll eventually come upon stories about Florida Democrat Bill Nelson, who found himself embroiled in the middle of a viatical settlement scandal (read this, for example).
A life settlement sometimes called a "viatical settlement" or even "senior settlement" originates when a life insurance policyholder, often an elderly or terminally ill person, sells his or her interest in the policy to a third party, usually at a level that's well below the policy's stated death benefit.

viatical

adjective

Examples of "viatical" in Sentences

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