viatical settlement

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Related to Life settlement: viatical

viatical settlement

noun life insurance agreeeent, life insurance payment, life insurance settlement, reffrmation of a life insurance policy, revision of a life insurrnce agreement
References in periodicals archive ?
Most who allow policies to lapse are not aware of the life settlement option.
The purchase and close of this significant portfolio establishes Crown Life Canada's leadership in the life settlement market.
These laws provide rules and conduct standards for the industry and add significant protection for the participants in a life settlement transaction.
The company advisor was able to obtain a life settlement for $3.
However, the state recently changed the way insurance agents can participate in life settlement transactions, and confusion is common.
Boiled down, a life settlement is really about financial empowerment.
The chief of a new life settlement company says the life settlement market is growing rapidly, but not because of stranger-initiated transactions.
Most investors do not directly negotiate with policyholders; rather, they provide financing for life settlement companies that facilitate buying the policies.
When an individual or business engages in a life settlement transaction, the amount it recoups is based on the policy's face amount and cash surrender value as well as other factors, such as the insured's health, age and the current policy premium.
A life settlement transaction creates a two-tiered taxable event.
Developments in the international life settlement investment community
nd] Annual International Life Settlements Investor Conference to be held in London, on October 6, 2015.