viatical
English edit
Adjective edit
viatical (comparative more viatical, superlative most viatical)
- 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.
- 2003, Richard V. Ericson, Aaron Doyle, Dean Barry, Diana Ericson, Insurance as Governance, University of Toronto Press, →ISBN, page 149:
- For example, it recommended allowing a controversial viatical insurance industry in the province. Viatical insurance involves the discounted sale of […]
- 2008, John Richard Price, Samuel A. Donaldson, Price on Contemporary Estate Planning, CCH, →ISBN, page 23:
- Under §101(g) (2), the payment by a viatical insurance provider in exchange for the sale or assignment of a portion of the policy's death benefit is ...
- 2009, United States. Congress. Senate. Special Committee on Aging, Betting on Death in the Life Settlement Market: What's at Stake for Seniors? : Hearing Before the Special Committee on Aging, United States Senate, One Hundred Eleventh Congress, First Session, Washington, DC, April 29, 2009, page 52:
- NASAA itself has issued model viatical guidelines to promote strong and uniform regulation of these products.