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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 NAIC viatical model establishes guidelines for fair payment to policyholders and mandates that viatical settlement companies make full disclosures to consumers. A viatical settlement is a sale of a life insurance policy by a terminally ill patient to investors. The tax treatment of a viatical settlement is markedly different. |
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