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viatical settlement |
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viatical settlement noun life insurance agreeeent, life insurance payment, life insurance settlement, reffrmation of a life insurance policy, revision of a life insurrnce agreement How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The goal was to hear suggestions on reining in speculative uses of life insurance by revamping the Viatical Settlements Model Law adopted by the NAIC in 1993. With the emergence of the multi-billion-dollar viatical and life settlement markets to facilitate these purchases, some accountants have begun to question the appropriateness of FASB Technical Bulletin no. Viatical settlements enable an insured to receive benefits, prior to death, to pay for the costs of care. |
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