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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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| Under an amendment Poolman proposed to the NAIC's model law on viatical settlements, life settlement transactions would be barred within five years after the issuance of a policy. With viatical settlements burgeoning into the broader sector of life settlements, many insure& now sell their policies to investors using settlement companies--a largely unregulated market that divides policies into fractional interests. Viatical settlements enable an insured to receive benefits, prior to death, to pay for the costs of care. |
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