viatical settlement

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Related to Life settlements: Life Insurance Policies

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 ?
Rather, we urge ACLI to distinguish between the pro-consumer benefits of life settlements (and life settlement securitization) as opposed to illegal STOLI practices, as previously set forth by ACLI President Frank Keating: "'Sometimes, circumstances force consumers who purchased life insurance policies in good faith to consider life insurance settlements.
A number of institutional investors have ventured into the arena of funding life settlements.
Life settlements can assist companies in dealing with several possible scenarios:
Life settlements involving unneeded key-person or buy-sell policies can provide businesses with increased cash flow to solve immediate financial needs, while transactions concerning split-dollar policies can help facilitate retirement planning and charitable giving.
Life settlements are a viable option when policy premiums are no longer affordable.
What kind of returns can investors in life settlements expect to receive?
Rory O'Connell, Emergent's chief financial officer and chief credit officer, will be among leading industry, political and research experts who will be participating in a series of panel discussions that will examine the life settlements markets from the investor, lender and reinsurer perspectives.
It's easy for detractors to paint life settlements as a ghoulish investment, primarily because investors receive a death benefit when the insured dies," Kampa says.
Further the concept of life settlements was born from the viatical settlement market, which dealt with terminally ill patients and was known in its early years for unscrupulous business practices.
Through the geographical expansion of its business footprint, Abacus can continue to provide policy owners with the valuable life settlement option.
Well positioned to seize market share as the life settlement market undergoes strong growth